ASIE Mandatory Income/Expense Filing
Nassau County Administrative Code § 6-30.0 (Local Law No. 8-2013)
Requires the owner of income-producing real property in Nassau County (property used for commercial, industrial, utility, or residential purposes, excluding residential property with three or fewer dwelling units and Class 2 properties under RPTL § 1802) to file annually with the Department of Assessment, no later than April 1, an electronic statement of income and expenses attributable to the property (the Annual Survey of Income and Expenses, or ASIE); fully owner-occupied properties file online to claim an exemption. Failure to file by the deadline subjects the owner to an escalating penalty of up to 0.25%, then 0.5% (if not filed by September 30), then 0.75% of the property's fair market value in the following year for continued non-filing, imposed by the Assessor as a lien; however, ongoing litigation has prevented the County from actually imposing or collecting these penalties.
Who must comply
Other NASSAU regulations
Recording of Conveyances
N.Y. Real Property Law § 291
Four-Class Property Classification
N.Y. Real Property Tax Law § 1802
Assessment Review Commission
N.Y. Real Property Tax Law § 523-b
Small Claims Assessment Review (SCAR)
N.Y. Real Property Tax Law § 730
Special Assessing Units - Definitions and Classification of Real Property
N.Y. Real Property Tax Law §§ 1801-1802 (art. 18)
Tax Certiorari (RPTL Article 7)
N.Y. Real Property Tax Law Article 7 (§§ 700-744)
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