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People also ask
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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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How to file NYC RPIE online?
Filing Instructions: Utility Properties Visit the REUC-RPIE filing portal. ... Create a password for each property that you must file. ... Enter the requested information on each screen. You will be instructed to submit the application electronically.
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Who is required to file RPIE in NYC?
Owners of income-producing commercial condominium buildings or rented commercial and/or professional space in residential condominium buildings are required to file. Owners of a residential condominium building or development are required to file if 10% or more of the units remain unsold.
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How do I amend my NYC RPIE?
Amend an RPIE You can amend a submitted RPIE. Amend a submitted RPIE electronically using your NYC.ID. You are only allowed to file RPIE for the current RPIE year. For example, RPIE-2023 is filed in 2024.
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What does the acronym RPIE stand for?
Real Property Income and Expense (RPIE)
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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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