Real Property Income And Expense Statement Nyc

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Real property income and expense statement nyc. 2006 new york code income and expense statements. Owners of income producing properties with an actual assessed value of more than 40 000 on the tentative assessment roll must file a real property income and expense statement or a claim of exclusion. Most owners of income producing properties in new york must file an annual rpie real property income and expense statement with the department of finance online. The real property income and expense rpie statement is used by the department of finance to determine the value and property tax for certain income producing properties.

Search search home data. Of the owner s failure to comply with the 2019 real property income and expense rpie filing requirements for the above referenced property as required by new york city administrative code section 11 208 1 and title 19 of the rules of the city of new york sections 33 01 to 33 07. For example rpie 2019 is filed in 2020. To find out if you can claim an exclusion review the rpie filing information.

The rpie 2019 filing period was february 12 2020 to october 7 2020. The new york city department of finance requires owners of income producing property in new york city that have an assessed property value of more than 40 000 to file an annual real property income and expense rpie statement. A net lessee responsible for all the real estate taxes on a new york city property may file in lieu of the owner. Real property income and expense rpie forms documents on this page are provided in pdf format.

Rpie information is filed each year for the previous year. Skip to main content sign in. The city assessor uses the information from these statements to generate assessments for the upcoming tax year. New york city real property income and expense rpie representation.

If you own an income producing property that has an actual assessed value of more than 40 000 you are required to file an annual real property income and expense rpie statement with finance. Alerts contact us blog. Where real property is income producing property the owner shall be required to submit annually to the department not later than the first day of september a statement of all income derived from and all expenses attributable to the operation of such property as follows. Certain properties are excluded from this filing requirement by law.

Of the owner s failure to comply with the 2019 reuc real property income and expense reuc rpie filing requirements for the above referenced prop erty as required by new york city administrative code section 11 208 1 and title 19 of the rules of the city of new york sections 33 01 to 33 07. In response to the covid 19 pandemic the department of finance has extended the deadline for real property income and expense rpie statements and storefront registry filings from june 1 2020 to july 1 2020. 11 208 1 income and expense statements.