File #: M 0851-2000    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 recommendation that the interest rate to be charged for non-payment of water rents and sewer rents be eighteen percent (18%) where the annual tax on parcel is more than $2,750 or where taxes are held in escrow or where parcel consists of vacant or unimproved land, and nine percent (9%) in all other cases.