NYC ISSUES PENALTIES FOR LATE FILING RPIE STATEMENTS


REALTY INFORMATION SYSTEMS can help manage your data, enabling you to file your RPIE Statements efficiently and timely. For help, contact sales@rissoft.com

WHEN TO FILE:

  • September 4, 2012, no later!

WHERE TO FILE:

  • You must file this form electronically with the NYC Department of Finance. To begin the form, click here.

FAILURE TO FILE WILL RESULT IN:

  • Monetary penalties of up to 3-5% of the actual assessed value, and

  • Forfeiture of a Tax Commission hearing to review the 2013/14 assessed valuation set by Finance

WHO MUST FILE?

  • Owners of income-producing properties that have actual assessed values greater than $40,000 are required to file annual RPIE forms. This includes apartment buildings, commercial buildings, certain cooperatives and condominiums with commercial space, hotels, parking garages, theaters, etc. For a complete list click here.

WHAT ASSESSED VALUE IS USED?

  • For RPIE-2011 due September 4, 2012 refer to the “Total Actual AV” as shown on the “Final Assessment Roll 2011-2012”.

WHO IS EXEMPT?

  • For a list of exemptions, click here.

There have been many changes to the filing information this year. Click here for detailed instructions on completing the RPIE form.

For a list of Frequently Asked Questions see webpage

WHAT IF YOU DID NOT FILE OR FILED LATE LAST YEAR? If you did not file last year, or you filed late, your property is subject to penalties. For a list of all properties subject to penalties, click here.

For help managing your data for your RPIE filing, contact: sales@rissoft.com or visit the complete property management program by Realty Information Systems.


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