The Hotel Room Occupancy Tax must be paid on the occupancy, or the right of occupancy, of a room or rooms in a hotel. Hotel Room Occupancy Tax is separate from the NYC Sales Tax on hotel room occupancy and is charged in addition to the Sales Tax.
The New York City Rent Freeze Program is comprised of the Senior Citizen Rent Increase Exemption (SCRIE) and the Disability Rent Increase Exemption (DRIE). The program assists low-income seniors and people with disabilities who reside in rent-regulated apartments/ provides updated Rent Freeze data
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.
New York Banking Commission Agenda and Meeting Minutes :
1 Approve banks as NYC Designated Banks
2. Recommend to the City Council interest rates for the early and late payment of real estate taxes; and
3. Administer the City’s Banking Development District (BDD) Program
Annual Report of the New York City Real Property Tax for the fiscal year 2022 shows a market value declined in FY 2022, ending ten consecutive years of growth. The total citywide market value of fully and partially taxable property was still approximately $1.3 trillion.
The seventh annual report of the Office of the Taxpayer Advocate (OTA), an office established in 2015 by the Department of Finance (DOF) to assist customers and recommends improvements to the agency’s policies and procedures.
This report presents statistical information for Tax Year 2018 for three New York City business income taxes: The Business Corporation Tax (COR), the General Corporation Tax (GCT), and the Unincorporated Business Tax (UBT).
Report on the number of properties for which the lower interest rate was imposed pursuant to the provisions of this local law, the total amount of tax due and the total amount of interest reduced pursuant to this local law, disaggregated by the total amount of tax due and the total amount of interest reduced pursuant to subdivisions 1 and 2 of section 1 of LL 85/2021, and the aggregate value of the real property tax liability of those properties