Real Property Income and Expense (RPIE) Statements

Department of Finance


Property Tax BillsBenefitsAssessmentsTax Maps


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.

We will use the information you provide to determine your property’s value for the following tax year.

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

Please note when filing that you are encouraged, but not required, to provide Net Rentable Area information.

See below for more information.

Who is required to file?

Regular RPIE Filing: 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. For more information and to find out if you can claim an exclusion, review the RPIE filing information and frequently asked questions.

RPIE filers whose properties have an actual assessed value of $750,000 or more are required to file an addendum containing rent roll information. For more information, see the rent roll frequently asked questions.

Storefront Registry Filing: You must register with the City if you own a property with ground-floor or second-floor commercial premises (storefronts). Visit the Storefront Registry page for more information about storefront registry filing.

Utility Property (REUC-RPIE) Filing: Owners of utility-related property and equipment are required to file an REUC-RPIE statement.

Filing instructions: regular RPIE & rent roll

To begin, proceed to File or Amend Your RPIE on SmartFile.

Refer to the RPIE Statement Online Filing User Guide for a step-by-step guide to the process.

You must use an NYC.ID to access this system. If you do not have an NYC.ID, you can create your NYC.ID for free.

You can re-enter the system to amend or complete your RPIE using your NYC.ID at any time.

Use this table for more information and instructions depending upon the type of property you own.

For more information about the rent roll, see the rent roll frequently asked questions.

Filing instructions: Storefront Registry

You must register your storefront by filing a Storefront Registration. There are separate registration statements for designated tax class one properties and tax class two and four properties. Make sure to select the registration statement that corresponds to your property’s tax class.

To begin, proceed to designated class one property or to tax class two and four property registration.

Refer to the Storefront Registry Online Filing User Guide for a step-by-step guide to the process.

You will need an NYC.ID account to access this system. If you do not have an account, you can create one for free.

Use this table to find storefront registry worksheets under “Required Filer.”

Filing instructions: utility properties

Visit the REUC-RPIE filing portal. Help screens and form instructions are accessible from the top right hand of every screen.

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 will enter the pseudo-borough-block-lot number to start the filing.

Enter the requested information on each screen.

You will be instructed to submit the application electronically. The application is available to print for your records.

Each time the "Next" and "Back" buttons are used, data entered on the screen will be automatically saved.

To exit the system, close your browser.

Use this table for more information and instructions depending upon the type of property you own.

Non-compliance penalties

Required filers who do not file an RPIE statement or claim of exclusion face the following penalties. Penalties are based on the final assessed value of the property.

Assessed Value From
Assessed Value 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 the first year. Owners who fail to file a claim of exclusion in two consecutive years will be fined $500. Owners who fail to file a claim of exclusion in three or more consecutive years will be fined $1,000.

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. Read more about non-filer penalties.

Visit the RPIE Non-Compliance page to see a list of properties from the current and past years which did not submit their required RPIE statement.

Download all NYC property data

The Department of Finance has made the data for all NYC properties available on the NYC Open Data portal for download. Visit the Open Data page for more information.

Subscribe to receive important notifications

Visit our Subscription page to sign up for important notifications and updates from the Department of Finance.