
Rpie Form
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What are the requirements for RPIE filing in NYC?
Regular RPIE Filing: Owners of income-producing properties with an actual assessed value of more than $40,000 on the tentative assessment roll must file a Real Property Income and Expense statement or a claim of exclusion.
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What is RPIE used for?
About Real Property Income and Expense Statements in NYC The City of New York uses RPIE statements to assess the value of certain types of income-producing properties, including: Commercial property. Residential property with more than three units. Hotels.
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What is the penalty for RPIE in NYC?
Penalty Amount Owners required to file a claim of exclusion who do not submit a claim will be fined $100. Owners who fail to file a claim of exclusion for two consecutive years will be fined $500. Owners who fail to file a claim of exclusion for three or more consecutive years will be fined $1,000.
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When can you file a RPIE in NYC?
The RPIE-2023 filing deadline is June 3, 2024, and covers the calendar year reporting period from January 1, 2023, to December 31, 2023. However, if the property's records are maintained on a fiscal year basis, the RPIE will cover the last complete fiscal year as of May 1, 2024.
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What does the acronym RPIE stand for?
Real Property Income and Expense (RPIE) Statements. The Department of Finance (DOF) uses income and expense information each year to value income-producing properties. Property owners provide this information by completing the Real Property Income and Expense (RPIE) statement.
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What is an RPIE filing?
The Real Property Income and Expense (RPIE) statement is used by the Department of Finance to determine the value and property tax for certain income-producing properties. RPIE information is filed each year for the previous year.
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