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.