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What are the exclusions for RPIE in NYC?

The following properties are generally exempt from filing an RPIE : Residential cooperative apartment buildings with no more than 2,500 square feet of commercial space (not including garage space). Owners claiming this exclusion must still complete the RPIE-2024 (Parts I and IV) to claim and certify this exclusion.

What is the penalty for not filing NYC RPIE?

Owners who fail to file a claim of exclusion for three or more consecutive years will be fined $1,000. Owners of income-producing property who fail to file an RPIE statement for three consecutive years may be subject to a penalty of five percent of the final actual assessed value of the property.

What is the penalty for fare evasion in NYC?

First-time violators will be issued a written warning rather than a summons. Second-time violators face a $100 fine but if they pay in full by the due date, the MTA will issue them a $50 fare card to use. After that, the fine jumps to $150 for each subsequent violation.

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.

What is RPIE used for?

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-2024 is filed in 2025.

What is RPIE in NYC?

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.

What are the elements of RPIE?

RPIE, short for Research, Planning, Implementation, and Evaluation, is a strategic model used in public relations to guide professionals through the development and execution of communication campaigns.

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