The Department of Finance collects property taxes and other property-related charges; maintains title records and tax maps; conducts lien sales and collects Real Property Transfer and Mortgage Recording Taxes.

Finance also values all New York City residential and commercial properties. Tax rates are set each year by the City Council and applied to property values to determine each homeowner's annual tax liability.  NY State and City real estate law is also applied. 

Valuation/Assessment
The property tax year begins July 1.  Finance releases a tentative assessment of the approximately one million properties in New York City every January.  If there are no changes, the final assessment is released in May.

Condominium/Cooperative Comparable Rental Income
NY State law requires the Department of Finance to value  condominiums and cooperatives as if they were residential rental apartment buildings.  We apply income and expense information from similar rentals to value these properties.

Rolling Sales Update
Buyers and sellers can better understand the value of real estate in New York City by using Finance’s Rolling Sales List. Property transaction information is shown for all five boroughs in many categories, such as:

1. Sales price
2. Neighborhood
3. Building Type
4. Square Footage

Tax Reduction & Rebate Programs
Finance programs reduce property taxes, help build new homes and fix up existing ones.
Read more about Property Tax Rebate

Bills and Payments
Finance mails Statements of Account every three or six months showing what is owed on each property.

Updating Account Information
View/Print Your Quarterly Statement of Account
Check Your Current Balance/Make Payments

Refunds
Owners can use certain credits in their account to pay past or future charges. You can also request a refund.

Rates and Other Charges
Finance collects charges and fees issued by many other New York City and State agencies.  We also offer most of the New York City property tax reduction programs.

Property Information
At Finance you can find property ownership and transfers by Borough, Block and Lot; mortgage records; information about income-producing properties; detailed tax maps and other data like apportionments and mergers.

Recording Documents
The Office of Land Records
This Division keeps the official record of real and personal property transactions (including deeds, mortgages, mortgage satisfactions, and financing statements).

Additional Information
View Property Tax Reports
Statements of Assessment Procedure
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