File #:

M 0850-2000    Version: *

Name:

Real Estate Taxes, Interest Rates

Type:

Communication

Status:

Adopted

Committee:

Committee on Finance

On agenda:

5/10/2000

Enactment date:

Law number:

Title:

Communication from the New York City Banking Commission - Transmitting resolution recommending that the interest rate to be charged for non-payment of taxes on real property where annual tax is not more than $2,750 or where the real property taxes are held in escrow and paid by a mortgage escrow agent be eighteen percent (18%), and nine percent (9%) in all other such parcels.