City homeowners delinquent on taxes falls to five-year low

The number of New York City homeowners delinquent on their property taxes fell to a five-year low, a report from the Big Apple’s Department of Finance reveals.The 22,629 properties that were 90 days or more behind on paying their real estate taxes as of...

City homeowners delinquent on taxes falls to five-year low

The number of New York City homeowners delinquent on their property taxes fell to a five-year low, a report from the Big Apple’s Department of Finance reveals.The 22,629 properties that were 90 days or more behind on paying their real estate taxes as of...

01 mart 2017 Wednesday 01:05
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City homeowners delinquent on taxes falls to five-year low

The number of New York City homeowners delinquent on their property taxes fell to a five-year low, a report from the Big Apple’s Department of Finance reveals.

The 22,629 properties that were 90 days or more behind on paying their real estate taxes as of Dec. 31 represent a 6.5 percent decline from a year earlier, city statistics show.

The amount owed the city by the property owners, $798.7 million, was down 10.3 percent from the previous year. Of the total owed, $188.27 million is for water bills and $54.28 million for emergency repairs.

By borough, Brooklyn had the most delinquent properties with 9,391 owing $387.45 million, followed by Queens, 6,476 properties owing $136.45 million; the Bronx, 3,636 properties owing $103.33 million; Staten Island, 1,851 properties owing $52.54 million; and Manhattan, 1,275 properties owing $188.89 million.

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Delinquent
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