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.