Market value grew in FY 2020, for the ninth straight year. The total citywide market
value of fully and partially taxable property exceeded $1.3 trillion and was 5.2 percent
higher than in FY 2019. Market value increased in all boroughs:
This report presents statistical information for Tax Year 2016 for three New York City business
income taxes: the Business Corporation Tax (COR), the General Corporation Tax (GCT), and the
Unincorporated Business Tax (UBT).
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
Pursuant to the power vested in the Commissioner of Finance by the
Administrative Code of the City of New York, notice is hereby given of the interest rates to be set
for the period July 1, 2020 through September 30, 2020 for underpayments and, where applicable,
overpayments of NYC income
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.
Local Law 4 of 2006 requires the New York City Department of Finance (DOF) to report annually to the New York City Council on the sale of tax liens during the preceding year. This report summarizes tax lien sale activity for calendar year 2020
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 the Office of the Taxpayer Advocate during the
preceding year. This reports activity for calendar year 2020.
The Real Property Transfer Tax (RPTT) is imposed on the consideration for the following conveyances
or transfers where the consideration exceeds $25,000: