In 2009, the New York State Legislature enacted General Municipal Law Article 5-L, which
authorizes municipalities within New York State to create and administer Property Assessed
Clean Energy (“PACE”) financing programs.
Report on the number of properties for which the 7.5 percent interest rate was imposed pursuant to the provisions of this local law and the aggregate value of the real property tax liability of those properties
Report on the number of properties for which the zero percent interest rate was imposed pursuant to the provisions of this local law and the aggregate value of the real property tax liability of those properties
On March 17, 2021, the IRS extended the April 15, 2021 filing deadline for 2020 Personal Income tax returns to May 17, 2021. Those taxpayers are encouraged to request an extension and pay any tax due by the April 15, 2021deadline
The Hotel Room Occupancy Tax must be paid on the occupancy, or the right of occupancy, of a room or rooms in a hotel. A “hotel” is a building or part of it that is regularly used for the lodging of guests, and includes an apartment hotel, a motel, boardinghouse, bed-and-breakfast, bungalow, or club,
Per Local Law 62: Semi-annually billed properties that were late in paying their property taxes due July 1st, 2020 could be eligible for a reduction of interest that they would otherwise be charged for the period from July 1st through October 15th, 2020.
The Annual Report on Tax Expenditures identifies and describes tax expenditures related to taxes administered by the City. The report also provides tax expenditure estimates.
These reports are used by general corporation and unincorporated business taxpayers to compute their investment allocation percentages, and by general corporation taxpayers to compute their allocated subsidiary capital. For 2006 and prior, the lists include only corporations whose issuer's allocation percentages are known to be less than 100%.
These reports are used by general corporation and unincorporated business taxpayers to compute their investment allocation percentages, and by general corporation taxpayers to compute their allocated subsidiary capital. For 2006 and prior, the lists include only corporations whose issuer's allocation percentages are known to be less than 100%.
Tax underpayments will have interest applied to them daily. The rates below apply to tax underpayments of income and excise taxes including General Corporation Tax (GCT), Unincorporated Business Tax (UBT) and Banking Corporation Tax (BCT).
This report shows properties receiving the 421a partial tax exemption listed by Borough, Block & Lot, Neighborhood, Building Class, Tax Class, and Address.
This report shows properties receiving the 421a partial tax exemption listed by Borough, Block & Lot, Neighborhood, Building Class, Tax Class, and Address.
This report shows properties receiving the 421a partial tax exemption listed by Borough, Block & Lot, Neighborhood, Building Class, Tax Class, and Address.
This report shows properties receiving the 421a partial tax exemption listed by Borough, Block & Lot, Neighborhood, Building Class, Tax Class, and Address.
This report shows properties receiving the 421a partial tax exemption listed by Borough, Block & Lot, Neighborhood, Building Class, Tax Class, and Address.
This report shows properties receiving the 421a partial tax exemption listed by Borough, Block & Lot, Neighborhood, Building Class, Tax Class, and Address.
This report shows properties receiving the 421a partial tax exemption listed by Borough, Block & Lot, Neighborhood, Building Class, Tax Class, and Address.
This report shows properties receiving the 421a partial tax exemption listed by Borough, Block & Lot, Neighborhood, Building Class, Tax Class, and Address.
This report shows properties receiving the 421a partial tax exemption listed by Borough, Block & Lot, Neighborhood, Building Class, Tax Class, and Address.
This report shows properties receiving the 421a partial tax exemption listed by Borough, Block & Lot, Neighborhood, Building Class, Tax Class, and Address.
This report shows properties receiving the 421a partial tax exemption listed by Borough, Block & Lot, Neighborhood, Building Class, Tax Class, and Address.
This report shows properties receiving the 421a partial tax exemption listed by Borough, Block & Lot, Neighborhood, Building Class, Tax Class, and Address.
This report shows properties receiving the 421a partial tax exemption listed by Borough, Block & Lot, Neighborhood, Building Class, Tax Class, and Address.
This report shows properties receiving the 421a partial tax exemption listed by Borough, Block & Lot, Neighborhood, Building Class, Tax Class, and Address.
This report shows properties receiving the 421a partial tax exemption listed by Borough, Block & Lot, Neighborhood, Building Class, Tax Class, and Address.
This report shows properties receiving the 421a partial tax exemption listed by Borough, Block & Lot, Neighborhood, Building Class, Tax Class, and Address.
This report shows properties receiving the 421a partial tax exemption listed by Borough, Block & Lot, Neighborhood, Building Class, Tax Class, and Address.
This report shows properties receiving the 421a partial tax exemption listed by Borough, Block & Lot, Neighborhood, Building Class, Tax Class, and Address.
This report shows properties receiving the 421a partial tax exemption listed by Borough, Block & Lot, Neighborhood, Building Class, Tax Class, and Address.
This report shows properties receiving the 421a partial tax exemption listed by Borough, Block & Lot, Neighborhood, Building Class, Tax Class, and Address.
This report shows properties receiving the 421a partial tax exemption listed by Borough, Block & Lot, Neighborhood, Building Class, Tax Class, and Address.
This report shows properties receiving the 421a partial tax exemption listed by Borough, Block & Lot, Neighborhood, Building Class, Tax Class, and Address.
This report shows properties receiving the 421a partial tax exemption listed by Borough, Block & Lot, Neighborhood, Building Class, Tax Class, and Address.
Adopted Amendment to the Rules to Permit Respondents to Present Additional Evidence at an Appeals Hearing Conducted Before the Parking Violations Bureau.
The annual New York State and New York City Legislative Summary, issued by Finance's Tax Policy Division, details recently enacted State and local legislation that affects New York City's tax system and the New York City Department of Finance
These reports provide property tax data such as market and assessed values, exemptions, and abatements. The information is listed by categories, such as borough, tax class, and type of building.
S corporation which underwent a federal tax exempt reorganization under IRC section 368(1)(a)(F) (an F Reorganization) should file its General Corporation Tax return for the entire tax year covering both the period before and after the F Reorganization. No short period returns should be filed. In the F Reorganization , the shareholders of the old subchapter S corporation contributed their shares in the old corporation to a new subchapter S corporation with the old subchapter S corporation becoming a qualified subchapter S subsidiary (a Q-Sub) of the new subchapter S corporation; the Q-Sub then merged into an LLC wholly owned by the new subchapter S corporation and disregarded for tax purposes, with that LLC being the surviving entity. Hence, before the F reorganization, the old subchapter S corporation owned its assets directly; after the F reorganization, the new subchapter S corporation wholly owned an LLC which in turn owned the old subchapter S corporation's assets. #15-4966 6/3/15
Sale of two cooperative apartments that had been used as a single residential dwelling for over 40 years, and that the purchasers, with board approval using a proposal obtained from an architect, intend to physically combine, should be treated as the sale of a single cooperative apartment subject to the lower tax rate schedule under Code section 11-2102(b)(1)(B)(i). #16-4977 6/9/16
Sale of a one family home with one office, categorized as tax Class 1 to reflect that the Property is used primarily for residential purposes, and having a building Code S1 (primarily 1 family with 1 store or office) consistent with the tax classification is taxed at a reduced rate of 1.425 percent when calculating the RPTT due upon the conveyance of the Property. In the absence of information suggesting the Department's classification of the Property as Class 1 is incorrect, that classification is controlling for RPTT purposes. #15-4975 5/13/16
Sale of real property by an LLC wholly-owned by an entity exempt from the Real Property Transfer Tax Code section 11-2016(b)(2), whose sole purpose is to own and hold the real property for the exempt entity, and whose members must act as the exempt entity directs, should be exempt from Real Property Transfer Tax. Similarly, transfer of real property to an LLC wholly-owned by an entity exempt from the Real Property Transfer Tax Code section 11-2016(b)(2), whose sole purpose is to own and hold the real property for the exempt entity, and whose members must act as the exempt entity directs, should be exempt from Real Property Transfer Tax. #15-4974 5/23/16
The transfer of two adjacent condominium units that had been physically combined and used as a single apartment for over 50 years, in a single transaction, is treated as the sale of an individual residential condominium unit even though permits for the combination were never filed with the Department of Buildings. #15-4973 9/24/15
Sale of two cooperative apartment unit physically connected through an internal hallway and used as a single apartment unit for over four decades treated as the sale of an individual cooperative apartment subject to the lower rate schedule Code section 11-2102(b)(1)(B)(i) exempt from Real Property Transfer Tax. #15-4970 10/16/15
The transaction involving the transfer of Air Rights should be viewed in its entirety for purposes of the RPTT. The quit claim deeds are not part of a separate transaction but merely a mechanism to confirm and record that the Purchaser owns the portion of the building housing the residential condominium units and the Seller owns the commercial condominium unit and do not result in a change in beneficial ownership. The consideration for the transfer of the Air Rights is $15,230,000 plus the value of the commercial unit constructed by the Purchaser for the Seller less the $500,000 that the Seller contributed towards the construction. #15-4967 11/13/15
Sale of a single condominium apartment unit along with one or more noncontiguous studio units, the ownership and use of which is substantially restricted under the condominium's by-laws, should be treated as the sale of an individual condominium apartment subject to the lower tax rate schedule for Real Property Transfer Tax provided in Code section 11-2102(a)(9)(i). #14-4965 6/15/15
Sale of a single condominium apartment unit along with one or more noncontiguous suite units, the ownership and use of which is substantially restricted under the condominium's by-laws, should be treated as the sale of an individual condominium apartment subject to the lower tax rate schedule for Real Property Transfer Tax provided in Administrative Code section 11-2102(a)(9)(i). #14-4963 6/15/15
Testimony of First Deputy Commissioner Michael Hyman on legislation that authorizes the City to extend to 2020 the increase in the amount of income a household can receive from $29,000-$50,000 and still be eligible for the Rent Freeze Program.
NYC Department of Finance Commissioner Jacques Jiha, Ph.D. Testimony on the FY'20 Preliminary Budget Hearing before the City Council Finance Committee.
New York City Dept. of Finance & Dept of Investigation Joint Task Force Charged with Eliminating Currpution in the Dept. of Finance's Real Property Assessment Unit - Final Report. Agency submitted date as 1/1/2004.