Real Property Income and Expense (RPIE)

RPIE-2020 Online Application Is Now Open for Filing

 

Real Property Income and Expense  (RPIE) - The 2020 Real Property Income and Expense (RPIE-2020) online application is now available. If you own an income-producing property that has an actual assessed value of more than $40,000, you must file an RPIE statement or a claim of exclusion by June 1, 2021.

If you own a property with a ground-floor or second-floor commercial storefront, you must provide information about these spaces by completing the storefront registry section of the RPIE, even if you are otherwise exempt from filing an RPIE statement. If you fail to file an RPIE statement, you may be charged a penalty.

You may also have the option of filing a short-form RPIE statement if your property has an actual assessed value of $250,000 or less and is not a hotel, adult care or nursing home facility, gas station, car wash, oil change facility, self-storage facility, theatre, or concert hall.

RPIE filers with a tentative actual assessed value of $750,000 or greater will be required to file rent roll information for the tax year during which filing of the income and expense statement is required.

Visit nyc web site online at www.nyc.gov/rpie to file, or for answers to any questions you may have. For more information, please call 311.

 

Real Property Income and Expense (RPIE) Statements

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. The deadline to file your RPIE statement is June 1, 2021.

You must file your RPIE statement online unless you were previously approved to submit the statement by mail. We will use the information you provide to determine your property’s value for the 2022-23 tax year, which will begin on July 1, 2022. Thank you for providing information to help us value your property accurately and fairly.

Who needs to file?

  • 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. To find out if you can claim an exclusion, review the RPIE filing information.
  • Some properties which meet the above criteria are exempt from filing an income and expense statement, including properties that are 100% property tax exempt. To get additional information on the filing requirements, review the RPIE filing information and frequently asked questions.
  • Owners of utility-related property and equipment are required to file an REUC-RPIE statement.
  • Storefront Registry: You must register with the City if you own a property with ground-floor or second-floor commercial premises (storefronts). This applies to all tax class two and four property owners with ground-floor or second-floor storefronts, even if you are otherwise exempt from filing an annual income and expense statement. Owners of class one property in commercially zoned areas must register their storefronts if the space was vacant or owner-occupied for any days during the previous year. Click here for a list of designated class one properties. For more information, please review the storefront registry requirements and frequently asked questions.

Which form should I use?

Use the table below to determine the form you need use or visit the RPIE Forms page for a list of all related forms.

 I am a Prepare Your Filing Using Submit No Later than
June 1, 2021
Required Filer RPIE-2020 Worksheet and Instructions Online: RPIE Statement Electronic Filing

NOTE:
Filers with an actual assessed value of $250K or less can choose the short form or standard submission
Senior or disabled required filer with an approved waiver from online RPIE filing RPIE-2020A Worksheet and Form (mailed to you) RPIE-2020A Worksheet and Form, submitted by mail
Adult Care/Nursing Home Facility Owner RPIE-2020 Worksheet and Instructions for Adult Care/Nursing Home Facilities Online: RPIE Statement Electronic Filing
Gas Station/Car Wash/Oil Change Facility Owner RPIE-2020 Worksheet and Instructions for Gas Station/Car Wash/Oil Change Facilities Online: RPIE Statement Electronic Filing
Hotel Owner RPIE-2020 Worksheet and Instructions for Hotels Online: RPIE Statement Electronic Filing
Self-Storage Facility Owner RPIE-2020 Worksheet and Instructions for Self-Storage Facilities Online: RPIE Statement Electronic Filing
Theatre/Concert Hall Owner RPIE-2020 Worksheet and Instructions for Theatres/Concert Halls Online: RPIE Statement Electronic Filing
Voluntary Filer RPIE-2020 Worksheet and Instructions Online: RPIE Statement Electronic Filing
Utility Property or Equipment Owner Utility-Related Equipment Reporting Instructions Coming soon

Electronic Filing Instructions for RPIE

  1. Create a password for each property that you must file. You can re-enter the system to amend or complete your RPIE using this password. Utility owners completing the RPIE-2020U/(RPIE for REUC) form will enter the pseudo-borough-block-lot number to start the filing.
  2. Enter the requested information on each screen.
  3. You will be instructed to submit the application electronically. The application is available to print for your records.
  4. Each time the "Next" and "Back" buttons are used, data entered on the screen will be automatically saved.
  5. To exit the system, close your browser.
  6. Help screens and form instructions are accessible from the top right hand of every screen.

Instructions

Other Information

  • You can read more information about how we estimate the market value of properties using income and expense data in RPIE and Property Valuation Guide.
  • If you need to file for two or more properties, you may be able to file them together if the properties meet specific requirements. More information is available in the RPIE-2020 Worksheet and Instructions.
  • Utility companies must file the RPIE-2020U. For information on filing, download the REUC-RPIE filing guide (Coming Soon).
  • Tax Commission Income and Expense (TCIE) filers can use the RPIE statement to complete and print the TCIE. The TCIE must be printed and attached to your Tax Commission Application for Correction. The TCIE cannot be filed electronically.

Storefront Registry & Rent Roll Filing

Storefront Registry: Property owners who have ground-floor or second-floor storefronts must register these spaces with the City using the RPIE statement. Be sure to complete Section S in your RPIE statement. (Please refer to RPIE-2020 worksheet or the storefront registry user guide.)

Supplemental Storefront Registry: Class two and four property owners who have filed storefront information as part of their 2020 RPIE filing must file a Supplemental Storefront Registration form to report any property ownership changes or storefront vacancies that occurred between January 1 and June 30, 2021, or the date you sold the property, whichever is earlier. Supplemental registration will open in June 2021.

Rent Roll: RPIE filers whose properties have an actual assessed value of $750,000 or greater are required to file an addendum containing rent roll information.

RPIE Rent Roll Addendum Frequently Asked Questions


Non-Compliance Penalties
Required filers who do not file an RPIE-2020 or claim of exclusion face the following penalties. Penalties are based on the 2021-22 final assessed value of the property.

FY22 Final Assessed Value
From To Penalty Amount
$40,001 $99,999 $300
$100,000 $249,999 $750
$250,000 $499,999 $1,500
$500,000 $999,999 $3,000
$1,000,000 $4,999,999 $5,000
$5,000,000 $9,999,999 $20,000
$10,000,000 $14,999,999 $40,000
$15,000,000 $24,999,999 $60,000
$25,000,000+   $100,000

Owners required to file a claim of exclusion who do not submit a claim will be fined $100.

Owners of income-producing property who fail to file an income and expense statement for three consecutive years may be subject to a penalty of five percent of the final actual assessed value of the property.

For a more complete explanation of the RPIE non-filer penalties, please read the Guide to Understanding the Penalty for Failure to File the Real Property Income and Expense Statement (the “RPIE”).

RPIE-2019 Non-Compliance Lists
The following lists identify properties that did not file a 2019 RPIE by the July 1, 2020 deadline. If you have questions about your non-compliant status, contact us.

RPIE-2019 Nonfilers
(Real Property) List
Adobe PDF MS Excel
Manhattan Download Download
Bronx Download Download
Brooklyn Download Download
Queens Download Download
Staten Island Download Download
 
REUC RPIE-2019 Nonfilers
(Utility Property and Equipment) List
Adobe PDF MS Excel
Manhattan Download Download
Bronx Download Download
Brooklyn Download Download
Queens Download Download
Staten Island Download Download

 

 

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