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.
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.
Department of Finance’s Annual Report on the New York City Real Property Tax for FY 2001. The report continues to include all the information
and data that have made previous issues an invaluable reference source for City finances.
PRELIMINARY BUDGET FOCUS: The Covid-driven tailspin in the local economy has led to a big drop in expected property tax revenue next year. We explain how the finance department derives the market and assessed values underlying the falloff in projected revenue.
As an advisory commission appointed by the Mayor and Council Speaker looks at ways to reform the city’s property tax system, we consider an idea suggested by a number of policy- and opinion-makers: reducing the percentage of a home’s market value that is subject to the property tax.