Dept. of Finance Announces Notice of Property Value Sessions for Each Borough

The first session is tonight in Brooklyn, with additional sessions to follow. On February 3, 2023, the NYC Department of Finance announced a citywide series of Notice of Property Value (NOPV) information sessions. Property owners received a Notice of Property Value from Finance in January. The Notice of Property Value provides information about market and assessed value and other relevant information so that owners can review the information ahead of the finalization of the assessment <Read More>

Department of Finance Extends Fine and Interest Reduction Enabling Recovery Program

The program provides financial relief during the pandemic for New Yorkers who owe fines and penalties. On December 20, 2021, the Department of Finance announced that its Fine and Interest Reduction Enabling Recovery (FAIRER) Program would be extended through March 20, 2022. The program allows New Yorkers to pay a reduced amount in fines to resolve eligible Environmental Control Board (ECB) judgments. 

City Offers Payment Plans and Deferral Programs for Property Tax Payments

Department of Finance looks to ease tax burden on homeowners through deferment programs and suspension of the annual tax lien sale. On March 24, 2020, the Department of Finance announced several measures intended to assist property owners with their tax payments amidst the COVID-19 outbreak. With unprecedented unemployment rates, many throughout the city will have difficulty paying their taxes come the close of the fiscal quarter and going forward. Each of the following programs is … <Read More>

Hotel Denied Sales Tax Refund

Hotel claimed tax credit for purchases of continental breakfasts provided to guests. The Washington Square Hotel LLC, located at 103 Waverly Place, Manhattan, purchased continental breakfasts from Café C–III, a vendor located on the hotel’s premises, and provided the continental breakfasts to guests. The hotel did not charge their guests separately for breakfasts, nor did the hotel give guests an option to decline breakfasts in return for a lower rate for a hotel room.