Form Rpie-2016 - Real Property Income And Expense Worksheet And Instructions (Page 2 of 24) in pdf

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

2016 REAL PROPERTY INCOME AND EXPENSE

WORKSHEET AND INSTRUCTIONS

FILING DEADLINE: JUNE 1, 2017

This is NOT the RPIE form. You MUST file all RPIE forms electronically. This form

is to be used for worksheet purposes only.

GENERAL INFORMATION

Please note that this worksheet and instructions do not apply to the following specialty property types: hotels,

adult care/nursing home facilities, gas stations, car washes, oil change facilities, self-storage, theatres or con-

cert halls. These property types are covered in their own instructions that you can download from nyc.gov/rpie.

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 information 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

its market value.

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 prop-

erty 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

calendar 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.

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Residential properties containing 10 or fewer dwelling units.

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

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unit.

Special franchise properties.

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IMPORTANT FILING INFORMATION

Online Filing Requirement -- All filers are legally required to file electronically unless Finance grants a

●

waiver. Filers who wish to request a waiver from the electronic filing should call 311 for an application or

download the application from nyc.gov/rpie. The deadline for electronic waiver requests is May 2, 2017.

Deadline -- The submission deadline for all RPIE filings is June 1, 2017.

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CUSTOMER ASSISTANCE

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

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