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The Real Property Income and Expense (RPIE) Electronic Filing Requirement Deadline is June 2nd, 2014

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All real property owners are required to submit an RPIE-2013 filing to the Department of Finance by the new June 2, 2014 filing deadline.  If you believe you can file an exclusion from the RPIE filing requirement, the regulations require that you still must make an RPIE filing and mark the appropriate box as excluded.  These filings are separate and apart from the Tax Commission filings we file on your behalf but are a jurisdictional requirement to obtain a tax protest hearing.  All filings must be completed electronically through the Department of Finance’s website.

We point out to you the following important items:

  1.  Owners of properties subject to filing requirements who fail to file on time will face a monetary penalty of up to 3% of the actual assessed value of their property.  Although the penalty provisions have been in effect since the inception of the RPIE law, the Department of Finance is now enforcing them.
  2. We remind you that sign and cell tower income must be reported on the appropriate line.
  3. We strongly urge you to confirm that this RPIE-2013 filing contains the same information you submitted with your most recent 2014/2015 filing with the Tax Commission. Any significant deviation in the numbers will be closely scrutinized by various City agencies and different information should not be submitted unless accompanied with an adequate explanation.
  4.  In a change from past practices, Owners may now submit consolidated filings for contiguous tax lots that are operated as a single economic unit.

The instructions and the RPIE application can be accessed at www.nyc.gov/finance.

We urge you to submit the required RPIE-2013 electronic filing prior to the June 2, 2014 deadline.