The document provides information about filing a Real Property Income and Expense (RPIE) statement for the 2020 tax year with the New York City Department of Finance. Properties valued over $40,000 are required to electronically file the RPIE-2020 by June 1, 2021 providing their 2020 income and expense information. Special filing requirements apply to properties like hotels, storage facilities, and gas stations. Owners of properties with storefronts must also register them with the city using the RPIE statement. Failure to file can result in penalties up to $100,000 and denial of a 2022/23 tax commission hearing. Certain property types may be excluded from filing if the exclusion is claimed in Section D of the

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2. TAX ASSESSMENT XPERTS

3. RPIE 2021 ADVISORY
Filing deadline June 1, 2021
Most properties with assessments over $40,000 are required
to file a Real Property Income and Expense statement (RPIE-
2020) with the New York City Department of Finance
(Finance). Unless Finance has granted an e-filing waiver, you
are required to electronically file the RPIE-2020 . To
complete this electronic filing you will be required to provide
2020 income and expense information.

4. Special requirements for the filing of the RPIE-2020 continue for the following types of properties
Hotels Storage Facilities Gas Stations
Nursing/Day Care Theatres

5. 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. 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

6. Penalty for failure to file. Failure to file a timely RPIE-2020 could result in a first-time
penalty of up to $100,000 (based on the 2021/22 final assessed value) and the denial of
a 2022/23 Tax Commission hearing.
RPIE Exclusion. There are certain properties that are legally excluded from the RPIE filing
requirement. Property owners who claim an exclusion must do so by completing Section D
of the RPIE.

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