New York City Department of Finance

Collection of Delinquent Real Estate Taxes From Commercial Property Owners (Follow-Up Review)

The New York City Department of Finance collects real estate taxes for New York City. In our prior audit report A-7-92, we examined the Department's collection of delinquent taxes from commercial property owners and found that a number of improvements were needed. For example, due to deficiencies in the Department's computer system, the Department was not always able to identify installment agreements that were in default. We also recommended that Department officials consider selling delinquent taxes as a means of improving the collection rate. In our follow-up review, we found that Department officials have made significant progress in implementing the recommendations contained in our prior report. For example, the Department has installed a new computer system and has begun selling tax liens.

For a complete copy of Report 96-F-43 click here.
For a copy of the 90-day response click here.