File #:

M 0186-2002    Version: *

Name:

Interest rate to be charged for Fiscal Year 2003 for non-payment of taxes on real property where the annual tax is not more than $2,750 (18%) & (9%).

Type:

Communication

Status:

Adopted

Committee:

Committee on Finance

On agenda:

6/5/2002

Enactment date:

Law number:

Title:

Communication from the New York City Banking Commission - Transmitting resolution recommending that the interest rate to be charged for Fiscal Year 2003 for non-payment of taxes on real property where the 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.

Attachments:

1. Hearing Transcript 6/21, 2. Hearing Transcript - Stated Meeting 6/21