On August 31, 2016, Mayor de Blasio signed Local Law 102 of 2016 requiring a designated agency to review requests and to develop a list of ‐ at minimum ‐ three neighborhoods where interagency collaboration, or a “neighborhood support team,” would address quality of life issues.
This report provides data on Commercial Rent Tax (CRT) liability at the taxpayer and premises level.
The data sources for this report are taxpayers’ CRT tax year 2019 (June 1, 2018 – May 31, 2019) returns
and CRT collections data from Department of Finance records.
Market value grew in FY 2017, for the sixth straight year. The total City-wide market
value of fully and partially taxable property exceeded one trillion dollars and was about
9.8 percent higher than FY 2016. Market value increased in all of the boroughs:
Market value grew in FY 2019, for the eighth straight year. The total City-wide market
value of fully and partially taxable property exceeded $1.2 trillion dollars and was about
8.8 percent higher than in FY 2018. Market value increased in all of the boroughs:
Market value grew in FY 2018, for the seventh straight year. The total City-wide market
value of fully and partially taxable property exceeded one trillion dollars and was about
8.0 percent higher than in FY 2017. Market value increased in all of the boroughs:
The ombudspersons provide data regarding their work at the end of each fiscal year and make annual recommendations to the commissioner of DOF regarding Rent Freeze Program operations
. Since 2009, DCAS has coordinated with City agencies to benchmark nearly 3,000
public buildings including libraries, police stations, firehouses, schools, colleges,
courthouses, hospitals, community centers and government offices.
Early Payment Discount Rate and Late Payment Interest Rates Recommendations. The City of New York is required to charge interest on the amount of tax that is late.
Each May, the NYC Banking Commission recommends a discount rate and penalty rates for the upcoming fiscal year beginning on July 1.
On or before May 1 of each year, The Department of Finance is required to submit an annual report to the New York City Council no later than May 1 detailing the activities of OTA during the preceding year
In this report, we take a look back at the past year and the accomplishments and challenges we experienced in our efforts to engage New Yorkers in their elections.