The New York City Mortgage Recording Tax (MRT) is an excise tax imposed on the recording of a
mortgage on real property located in New York City and is payable when the mortgage is recorded at City Register’s Office or, for properties located in Staten Island, the Richmond County Clerk’s
Office.
This report includes real property transacted between January 1 and Dec 31, 2023.Total 2023 liability was $1,428.3 million, including $1,142.0 million dedicated to the NYC general fund and $286.3 million dedicated to the NYC Transit Authority and certain paratransit and franchised bus operators.
Under Local Law 36 of 2023, the New York City Department of Finance (DOF) is required to
report information relating to property tax payment plans to the mayor and speaker of the city
council. Local Law 36 also created a new type of property tax payment plan that reduces the
interest rate.
Annual report on non-governmental funding for parks. Reporting funding and donations provided by non-governmental sources to parks under the jurisdiction of the department.
The Senior Citizen Rent Increase Exemption (SCRIE) ombudsperson and Disability Rent Increase Exemption (DRIE) ombudsperson positions were created by the New York City Council in 2015 to investigate and address issues concerning the Rent Freeze Program.
The total citywide market value of fully and partially taxable property approached $1.4 trillion, about 7.8 percent higher than in FY 2022. Growth was higher in Class Two (9.1 percent) and Class Four (9.7 percent) compared to Class One (6.6 percent) and Class Three (5.4 percent).
This report highlights OTA’s work from January 1, 2022, through December 31, 2022. Since its establishment, OTA has assisted thousands of taxpayers with questions and contributed to the delivery of excellent customer service.
This PDF file contains New York City Council's Response to the Fiscal 2024 Preliminary Budget and Fiscal 2023 Preliminary Mayor's Management Report (PMMR) as required by the New York City Charter section 247 (b) and 12 (e).
New York City Mayor Eric Adams today announced the appointment of Dawn Smalls to the New York City Campaign Finance Board (CFB). The CFB is a nonpartisan, independent city agency that administers one of the strongest, most effective campaign finance systems in the country.
IBO has compiled a descriptive overview of the financing deals and public subsidies for Madison Square Garden and the three most recently constructed major league sports stadiums within New York City: Yankee Stadium, Citi Field, and Barclays Center.