This report is submitted as required by §168.f of the NYC Charter. The NYC Tax Appeals Tribunal has jurisdiction over petitions filed by taxpayers protesting statutory notices issued by the Dep. of Finance for all non-property income and excise taxes and annual vault charges administered by NYC
This report contains information about the Tax Commission and its mission, functions, operations and resources, an overview of the agency's performance, and statistical profiles of its determinations during calendar year 2020. This includes its accomplishments and improvements dur the 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.
The 2018 Housing Supply Report examines changes in the overall supply of housing in NYC during the prior year, looking at factors that include the number of permits issued for new dwelling units and the number of completed housing units.
The 2018 Income & Expense Study analyzes the cost of operating and maintaining rental housing, examining the conditions that existed in NY’s rent stabilized housing market in 2015, the year for which the most recent data is available, and also the extent by which these conditions changed from 2014.
This Study reports on housing affordability and tenant income in New York City’s rental market. The study highlights year-to-year changes in many of the major economic factors affecting New York City’s tenant population and takes into consideration a broad range of market forces and public policies.