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What is RPIE New York?

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. For example, RPIE-2021 is filed in 2022.

Who files an RPIE?

About. If you own an income-producing property that has an actual assessed value of more than $40,000, you are required to file an annual Real Property Income and Expense (RPIE) statement with Finance.

Do I need to file an RPIE in NYC?

Who Is Required to File an RPIE? If you own an income-producing property with an actual assessed value greater than $40,000 on the Department of Finances tentative assessment roll, you are required to file an annual RPIE statement.

What is an RPIE form?

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.