This report highlights OTA’s work from January 1, 2023, through December 31, 2023. Since its
establishment, OTA has assisted thousands of taxpayers with questions and contributed to the
delivery of excellent customer service. In Part II of this report, OTA presents eight new
recommendations
Annual Report on Tax Expenditures/Listing of all exclusions, exemptions, abatements, credits etc. allowed against city tax liability for Fiscal Year 2024
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.
Contracting is how the City meets many of our goals and provides services to New Yorkers. City agencies contract with vendors to provide meals to home-bound seniors, childcare and afterschool programs for kids, construction projects to build new schools, upgrade our parks, repair our roads.
TRS' Annual Comprehensive Financial Report is part of the City's overall financial reporting and presents TRS' financial position and the results of TRS operations.
Key initiatives and accomplishments undertook last fiscal year (2022) to advance DEI and EEO goals, for example, recognizing employee contributions to DEI goals through awards and employee appraisal, introducing new equity programs, training all staff on mandatory trainings or resource groups.
Under Local Law 249 of 2017 and Local Law 216 of 2021, the Department of Finance (DOF) is required to notify property owners when real estate instruments are recorded on their properties. The law mandates that DOF provide an annual report to the council and publish the report on DOF's website.
The Real Property Transfer Tax (RPTT) is imposed on the consideration for the following conveyances or transfers where the consideration exceeds $25,000.
The ombudspersons provide data regarding their work at the end of each fiscal year and make annual recommendations to the commissioner of DOF regarding Rent Freeze program operations.
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.
This report provides data on Commercial Rent Tax (CRT) liability at the taxpayer and premises level. The data sources for this report are taxpayers’ CRT tax year 2023 (June 1, 2022 – May 31, 2023) returns and CRT collections data from Department of Finance records.
This report provides data on Commercial Rent Tax (CRT) liability at the taxpayer and premises level. The data sources for this report are taxpayers’ CRT tax year 2023 (June 1, 2022 – May 31, 2023) returns and CRT collections data from Department of Finance records.
By May 13th, the NYC Banking Commission (“Banking Commission”) must recommend a discount rate and late payment interest rates for the upcoming fiscal year beginning July 1.Beginning in Fiscal Year2024, Banking Commission is also required to recommend separate interest rate for certain property plans
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 report provides data on Commercial Rent Tax (CRT) liability at the taxpayer and premises level. The data sources for this report are taxpayers’ CRT tax year 2022 (June 1, 2021 – May 31, 2022) returns and CRT collections data from Department of Finance records.
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.
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 2021.
TRS' Annual Comprehensive Financial Report is part of the City's overall financial reporting and presents TRS' financial position and the results of TRS operations.
Report on numbers of individuals using the Department's notification system for recorded deeds, numbers of properties registered, and also on fraudulent document recording complaints and referrals
The PAFR serves as an accessible guide to the ACFR for residents and explains New York City government and finances in a concise and easy-to-understand manner. The PAFR is also enhanced with several explanatory visuals for readers.
Under Local Law 11 of 2015, the New York City Department of Finance (DOF) is required to report annually to the New York City Council on outstanding Environmental Control Board (ECB)-adjudicated judgments by November 1.
Report summary of the current effective concession awards, date each concession was submitted to the Comptroller for registration, brief description of each concession awarded, method by which concession was awarded, the approximate gross revenues received by the City for each concession of prior FY
The ombudspersons provide data regarding their work at the end of each fiscal year and make annual recommendations to the commissioner of DOF regarding Rent Freeze Program operations.
Report summary of the current effective concession awards, date each concession was submitted to the Comptroller for registration, brief description of each concession awarded, method by which concession was awarded, the approximate gross revenues received by the City for each concession of prior FY
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
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 PDF file contains the Council's respective responses which seek to increase accountability in the budget process with simultaneous emphasis
on the importance of investing in local communities and the local economy in order to secure a strong, fair and equitable recovery for New York City.
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
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.
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.
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 LL 86/2021
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, LL 85/2021
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.
TRS' Annual Comprehensive Financial Report is part of the City's overall financial reporting and presents TRS' financial position and the results of TRS operations.
Under Local Law 11 of 2015 the New York City Department of Finance (DOF) is required to report annually to the City Council on outstanding Environmental Control Board (ECB)-adjudicated judgments by November 1.
The ombudspersons provide data regarding their work at the end of each fiscal year and make annual recommendations to the Department of Finance (DOF) commissioner regarding Rent Freeze Program operations.
The following report discloses energy performance metrics for calendar year 2020 for all City
government properties that are covered by LL84. It also includes data from calendar year 2010,
which was published in the original New York City Government Building Energy Benchmarking
Results.
This report provides data on Commercial Rent Tax (CRT) liability at the taxpayer and premises level. The data sources for this report are taxpayers’ CRT tax year 2021 (June 1, 2020 – May 31, 2021) returns and CRT collections data from Department of Finance records.
This report provides data on Commercial Rent Tax (CRT) liability at the taxpayer and premises level.
The data sources for this report are taxpayers’ CRT tax year 2021 (June 1, 2020 – May 31, 2021) returns
and CRT collections data from Department of Finance records.
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 the City Register’s Office
This report provides data on Commercial Rent Tax (CRT) liability at the taxpayer and premises level. The data sources for this report are taxpayers’ CRT Tax Year 2020 (June 1, 2019 – May 31, 2020) returns and CRT collections data from Department of Finance records.
Sixth annual report of the Office of the Taxpayer Advocate (OTA), an office established in 2015 within the Department of Finance (DOF) to assist customers and recommend improvements to the agency’s policies and procedures.
As the average tax rate remained at $12.283 per $100 of assessed value, the increase in
the taxable BAV resulted in $1.741.6 million in additional property tax levy for FY2021
This report presents statistical information for Tax Year 2017 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, 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.
TRS' Annual Comprehensive Financial Report is part of the City's overall financial reporting and presents TRS' financial position and the results of TRS operations.
This report captures both routine cleaning and specialized repair performed in individual parks as recorded in the Department’s Daily Tasks and AMPS applications. These costs are reported by park.
This report captures goods and services provided or donated to the Department by non-governmental entities, and does not include the value of services provided to the Department of Parks & Recreation.
On January 22, 2015, Mayor Bill de Blasio signed Local Law 11 of 2015 which requires the New York City Department of Finance (DOF) to report annually to the city council on outstanding Environmental Control Board (ECB)-adjudicated judgments by November 1.
On January 22, 2015, Mayor Bill de Blasio signed Local Law 11 of 2015. The bill, approved by
the New York City Council at its stated meeting on January 7, 2015, requires the New York City
Department of Finance (DOF) to report annually to the city council on outstanding Environmental
Control Board
The Real Property Transfer Tax (RPTT) is imposed on the consideration for the following conveyances
or transfers where the consideration exceeds $25,000:
Since 2009, DCAS has coordinated with City agencies to benchmark nearly 3,000
public buildings including libraries, police stations, firehouses, schools, colleges,
courthouses, hospitals, community centers and government offices.
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).
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:
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
the City Register’s Office or, for properties located in Staten Island, Richmond County
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.
TRS' Annual Comprehensive Financial Report is part of the City's overall financial reporting and presents TRS' financial position and the results of TRS operations.
New York City Fire Pension Fund 2019 Comprehensive Annual Financial Report includes combined financial statements and disclosures for the Qualified Pension Plan (QPP), the Firefighters' Variable Supplements Fund and the Fire Officers' Variable Supplements Fund
This report provides data on Commercial Rent Tax (CRT) liability at the taxpayer and premises level.
The data sources for this report are taxpayers’ CRT tax year 2019 (June 1, 2018 – May 31, 2019) returns
and CRT collections data from Department of Finance records.
Market value grew in FY 2017, for the sixth straight year. The total City-wide market
value of fully and partially taxable property exceeded one trillion dollars and was about
9.8 percent higher than FY 2016. Market value increased in all of the boroughs:
Market value grew in FY 2019, for the eighth straight year. The total City-wide market
value of fully and partially taxable property exceeded $1.2 trillion dollars and was about
8.8 percent higher than in FY 2018. Market value increased in all of the boroughs:
Market value grew in FY 2018, for the seventh straight year. The total City-wide market
value of fully and partially taxable property exceeded one trillion dollars and was about
8.0 percent higher than in FY 2017. Market value increased in all of the boroughs:
The ombudspersons provide data regarding their work at the end of each fiscal year and make annual recommendations to the commissioner of DOF regarding Rent Freeze Program operations
. Since 2009, DCAS has coordinated with City agencies to benchmark nearly 3,000
public buildings including libraries, police stations, firehouses, schools, colleges,
courthouses, hospitals, community centers and government offices.
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.The occupancy tax year is March 1 to the last day of February of the following year.
Market value grew in FY 2019, for the eighth straight year. The total City-wide market value of fully and partially taxable property exceeded $1.2 trillion dollars and was about 8.8 percent higher than in FY 2018.
On or before May 1 of each year, 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 OTA during the preceding year
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 lowincome seniors and people with disabilities who reside in rent-regulated apartments or
apartments
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
the City Register’s Office or, for properties located in Staten Island, Richmond County
TRS' Annual Comprehensive Financial Report is part of the City's overall financial reporting and presents TRS' financial position and the results of TRS operations.
This report provides data on Commercial Rent Tax (CRT) liability at the taxpayer and premises level.
The data sources for this report are taxpayers’ CRT tax year 2018 (June 1, 2017 – May 31, 2018)
returns and CRT collections data from Department of Finance records.
Mayor Bill de Blasio signed into law Local Law 11/2015, which requires the NYC Department of
Finance (DOF) to report annually to the City Council on outstanding Environmental Control
Board (ECB)-adjudicated judgement by November 1 each fiscal year
The City of New York’s Comprehensive Annual Financial Report (CAFR) for Fiscal Year 2018. This
report, shows that The City of New York (City) completed its Fiscal Year with a General
Fund surplus, as determined by Generally Accepted Accounting Principles (GAAP), for the 38th consecutive year.
On or before May 1 of each year, 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 OTA during the preceding year
DOF must provide by November 1st of each year a publicly available report on outstanding
judgment debt resulting from notices of violation issued by various City agencies and returnable
to the Environmental Control Board and subsequently referred for collection during the previous
fiscal year.
The ombudspersons provide data regarding their work at the end of each fiscal year and make annual recommendations to the commissioner of DOF regarding Rent Freeze Program operations
In compliance with Local Law 84 of
2009. Since 2009, DCAS has coordinated with City agencies to benchmark nearly 3,000
public buildings including libraries, police stations, firehouses, schools, colleges,
courthouses, hospitals, community centers and government offices.
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
the City Register’s Office or, for properties located in Staten Island, Richmond County
The Real Property Transfer Tax (RPTT) is imposed on the consideration for the following conveyances
or transfers where the consideration exceeds $25,000:
On or before May 1 of each year, 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 OTA during the preceding year
This report presents statistical information for tax year 2012 for the three New York City
business income taxes: the Banking Corporation Tax (BCT), the General Corporation Tax
(GCT), and the Unincorporated Business Tax (UBT).
Since the average tax rate remained at $12.283 per $100 of assessed value, the increase in
taxable BAV resulted in $1,553.5 million in additional property tax levy for FY 2016.
The sale of tax liens is an enforcement mechanism used in cities throughout the
country. The New York City Tax Lien Sale program (the Program) originated in 1996
with the intent of improving real property tax compliance, and as a last-resort
enforcement and collection mechanism
In compliance with Local Law 84 of
2009. Since 2009, DCAS has coordinated with City agencies to benchmark nearly 3,000
buildings including libraries, police stations, firehouses, schools, colleges, courthouses,
hospitals, community centers and government offices.
The Hotel Room Occupancy Tax (HTX) 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