Looking for a New York City Department Of Finance Forms And Templates? Download it for free!

Form Rpie-2016 - Real Property Income And Expense Worksheet And Instructions For Hotels Page 2

2016 REAL PROPERTY INCOME AND EXPENSE

WORKSHEET AND INSTRUCTIONS FOR HOTELS

FILING DEADLINE: JUNE 1, 2017

This is NOT the Real Property Income and Expense (RPIE) form. You MUST file all

RPIE forms electronically. This form is to be used for worksheet purposes only.

GENERAL INFORMATION

Owners of income-producing properties with an Actual Assessed Value of more than $40,000 as stated on the

2017-2018 Tentative Assessment Roll are required to file Real Property Income and Expense statements (“RPIE”)

or a Claim of Exclusion annually with the Department of Finance (DOF). The department uses this and/or infor-

mation from similar properties to estimate the market value of property for tax purposes.

Even if your income-producing property has an Actual Assessed Value of less than $40,000, you may still want to

provide information about your property electronically to assist us in providing a more accurate estimate of the mar-

ket value.

Please note that this worksheet and instructions are for hotels. These instructions do not apply to the following

specialty properties types: adult care/nursing home facilities, theaters or concert halls, gas station, car wash, and

oil change facilities. These property types are covered in their own instructions that you can download from

nyc.gov/rpie.

RPIE EXCLUsIoNs

how do you file a Claim of Exclusion?

To file a Claim of Exclusion, you must complete Section D of the RPIE-2016 form. Owners of real property

who are not required to file income and expense information must submit a Claim of Exclusion each year.

Please note: If you own the property but have no knowledge of the income and expenses for the entire cal-

endar or fiscal year, you must file a Claim of Exclusion.

who does not have to file an RPIE or Claim of Exclusion? owners with:

Properties that have an Actual Assessed Value of $40,000 or less

●

Residential properties containing 10 or fewer dwelling units

●

Tax Class 1 or Tax Class 2 properties with six or fewer dwelling units and no more than one commercial unit

●

Special franchise properties

●

IMPORTANT FILING INFORMATION

CUSTOMER ASSISTANCE

Please call 311 or email the Department of Finance at rpie@finance.nyc.gov

Form Rpie-2016 - Real Property Income And Expense Worksheet And Instructions For Hotels Page 2