Frequently Asked Questions (FAQs)

The account history is a financial record for a property identified by borough, block and lot.

The Building Classification describes the property type. To view a description of the code, click here.

There are four tax classes.

1. Class 1 includes most residential properties of up to three units, vacant land zoned for residential use, and most condominiums of not more than three stories.
2. Class 2 includes all residential property not in Class 1.
3. Class 3 includes utility-company equipment.
4. Class 4 includes all property that is not within Classes 1, 2, or 3.

In Rem is the legal tax foreclosure proceeding the City may use to enforce the payment of delinquent real estate taxes and other property-related charges. Code Descriptions:

• Y = Installment agreement exists
• N = No installment agreement exists

An exemption is the amount of assessed value that is not subject to the general real estate tax. Code Descriptions:

• V = Veteran
• Y = Yes, another exemption exists
• N = No other exemption exists

Unused SCRIE credits are that portion of the Senior Citizen Rent Increase Exemption not applied to a real estate tax period.

The history contains column headings. Each column heading is described as follows:

• Account Type: The Account Type is the type of tax or related charge. For a detailed listing of the code definitions, click here.
• Account ID: The Account ID is the account number given to a real estate related charge, such as meters, health department charges, and sidewalk repairs.
• Period Begin Date: The Period Begin Date is the start date of any period.
• Due Date: The Due Date is the date the charge is due. End Date/In Date: The End Date is the last date of a period and the In Date is the date a payment is made.
• Int Begin Date/Process Date: The Interest Begin Date is the date from which interest is calculated. The process date is the date a transaction is entered into the system.
• Trans Type/ID or Note: The Trans Type is a three digit code indicating the kind of transaction. To view the Trans Type code description, click here. ID is a unique 12 digit code identifying an individual transaction.
• Item Indicator: The Item Indicator is a short description of the line. It can be one of five types:
  
  • C1 = Charge
  • P1 = Payment
  • I1 = Interest
  • D= Discount
  • XX = Miscellaneous.
• Liability: The Liability is the sum of charges, charge adjustments and interest.
• Collections: Collections is the sum of payments, payment adjustments, and discounts.

• Building Class Code Description
• Account Type Code Definition
• Transaction Code Description
• Other Agency Charges

If you have a question for the Department of Finance regarding this statement or your property, Contact Us.