RPIE Filing
NYC Admin. Code § 11-208.1; 19 RCNY Ch. 33
Owners of income-producing property with an actual assessed value above $40,000 on the tentative assessment roll must annually file a Real Property Income and Expense (RPIE) statement, or a claim of exclusion, electronically with the Department of Finance, generally on or before June 1. The Department of Finance uses this data to value the property for the following tax year, and failure to file timely results in penalties of up to 5% of the property's actual assessed value, increasing for each year a statement remains unfiled (penalties becoming a lien on the property).
Who must comply
Other DOF regulations
RPTT Rules (19 RCNY Ch. 23)
19 RCNY Chapter 23 (Rules Relating to the Real Property Transfer Tax)
STAR
N.Y. Real Property Tax Law § 425 (Basic & Enhanced STAR)
Coop/Condo Property Tax Abatement
N.Y. Real Property Tax Law § 467-a
Co-op/Condo Tax Abatement
N.Y. Real Property Tax Law § 467-a; N.Y.C. Admin. Code § 11-245.4; 19 RCNY Ch. 50
ICAP
N.Y. Real Property Tax Law §§ 489-aaaaaa to 489-kkkkkk; NYC Admin. Code §§ 11-268 to 11-278; 19 RCNY Ch. 36
NYC Property Tax Classes & Assessment Caps
N.Y. Real Property Tax Law Art. 18 §§ 1801-1806 (esp. § 1802 classification, § 1805 assessment increase caps)
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