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).
This report is provided per the requirements of Local Law 14 of 2015 as amended by Local Law
4 of 2017. Its purpose is to describe the New York City Department of Finance’s (DOF) outreach
activities associated with the annual tax lien sale
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
Report on the number of properties and cooperative ownership properties for which the zero percent interest rate was imposed pursuant to the provisions of LL 86/2021, 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 each of subdivisions (a), (b) and (c) of section 1 of this local law, and the aggregate value of the real property tax liability of those properties and cooperative ownership properties
The New York City Department of Finance announced an updated schedule of fines as part of its Stipulated Fine Program. The new schedule of stipulated fines reflects updated information on dismissal rates for adjudicated violations as well as traffic policy goals of the Adams administration.
A plan and a timeline for revocation of benefits under section 421-a of the real property tax law for each designated building for which such department received, during the reporting period, a final notice of revocation of such benefits for noncompliance with applicable affordability requirements or applicable rent registration requirements from the department of housing preservation and development pursuant to chapters 15 and 16 of title 26 of the code
This report, mandated by the New York City Charter, identifies and describes tax expenditure programs related to taxes administered by the City and provides tax expenditure estimates based on available data.