Property News

Senior Citizen Rent Increase Exemption Program (SCRIE) Income Elibility Increased to $29,000
Administration of SCRIE will transfer to the Department of Finance over the next few months.  New York City tenants age 62 and older, with a combined income of $29,000, living in rent controlled or rent stabilized housing, may be eligible to apply for the (SCRIE) Program.  07/07/09
Read SCRIE Press Release

Industrial and Commercial Abatement Program (ICAP)
The ICIP program has been replaced by the ICAP program which was signed into state law by Governor Paterson on June 30th, 2008 and effective as of July 1, 2008.  The ICAP program provides abatements of real property taxes for varying periods up to 25 years for eligible industrial and commercial buildings that are built, modernized, rehabilitated, expanded, or otherwise physically improved. 10/27/08
Read more about the ICAP

2008 Property Tax Rebate
As a result of the decline in the City's revenues, Finance will not be sending the $400 rebate this year.
Read Mayor Bloomberg's Press Release 11/05/08

Neighborhood Sales
You can now search for summary of sales by neighborhood for all 5 boroughs for Class 1-, 2- and 3- family homes for 2005 through 2007. 01/15/08
Read more about the Neighborhood Sales Summary Statistics

ICIP Exemptions
You can now search for properties with ICIP exemptions.  A detailed listing of properties by borough, neighborhood, building class, tax class, block and lot number, and address is now available. 12/31/07
Read more about the ICIP Exemptions

421a Exemptions
You can now search for properties that are eligible for the 421a partial tax exemption. A detailed listing of each property by borough, neighborhood, building class, tax class, block and lot number, and address is now available. 12/31/07
Read more about the 421a Exemption

2nd Half / 3rd Quarter Property Tax Payments Due Date
2nd Half / 3rd Quarter property tax payments due January 1, 2008. 11/23/07
Read more about your Statement of Account

J-51 Exemption Look up
You are now able to search for properties that have J-51 exemptions. A detailed listing of J-51 properties in all five boroughs, according to tax year, is now available. This listing consists of all apartment buildings receiving the J-51 exemption. Rental buildings receiving the exemption are listed first. Under the law, building owners who receive J-51 benefits may not deny housing because a resident or prospective resident uses or is eligible for housing assistance programs, including Federal Section 8 vouchers or the Senior Citizen Rent Increase Exemption (SCRIE). 11/27/07
  Read more about the J51Exemption Look Up

Rolling Sales Update
Finance's Rolling Sales File breaks down property sales information into several criteria so buyers and sellers can understand the value of real estate in New York City. Users can determine what properties in all five boroughs are being sold for based on any combination of criteria we included in our file, such as neighborhood, building type, and square footage. 6/5/07
Read more about Rolling Sales Update

2007 Real Property and Expense (RPIE) Statement
Owners of income-producing properties that have an actual assessed value of more than $40,000 are required to file annual Real Property Income and Expense (RPIE) statements with Finance, unless the properties are specifically excluded from the filing requirements by law. Finance uses the information from these statements to estimate the market value of property for tax purposes, and may use data that is specific to a particular parcel or data from comparable properties. For this reason, owners of income-producing properties who are not legally required to file an RPIE may still want to provide information about their properties using the online RPIE-EZ form.  All other owners are required to file RPIE statements electronically.  You will be able to print a copy of the filed RPIE for your records.  Finally, you are no longer required to submit a paper copy of your rent roll. 12/20/07
Read more about RPIE
 File Your RPIE 2007 Online

Cooperative Sales Information Now Available
Effective Tuesday, August 1, 2006, the sales prices of individual cooperative apartments for every borough except Staten Island from July 2004 forward is now available via ACRIS, the Automated City Register Information System. 8/4/06
ACRIS Coop Sales Prices Quick Reference Guide (522k)
ACRIS Online City Register System