Legislation Moves Deadline to File RPIE Statements

Mayor Bloomberg recently signed legislation moving the deadline to file the annual real property income and expense statement with the DOF's property division from Sept. 1 to June 1.

According to statements made by Mayor Bloomberg, "moving the filing deadline will provide the Finance Department with more time to review the information submitted, yielding more accurate and transparent assessments for these properties."

“Introductory Number 906-A also requires the Finance Department to provide information regarding their assessment methodology, including how capitalization rates are determined and how values change from year to year. The Department already includes much of this information on their newly revamped web site at nyc.gov/finance, and I commend the Finance Department, under the leadership of Commissioner David Frankel, and the City Council for working together to make the assessment process event more transparent,” stated Bloomberg.