New York City Department of Finance
Encyclopedia
The New York City Department of Finance is the local taxation agency
of New York City
. The New York City Sheriff's Office
is its civil enforcement arm.
s, administration and collection the City's business and excise taxes, and assessment and collection of property tax
es and maintaining tax maps and property records.
The Department also conducts business tax audit
s and public auction
s of seized property, manages the City's Court and Trust
Funds (including bail
refunds), investigates tax evasion
cases, licenses wholesale
cigarette
vendors, and authorizes businesses to collect the New York City sales tax.
Revenue service
A revenue service is a government agency responsible for the intake of government revenue, including taxes and sometimes non-tax revenue. Depending on the jurisdiction, revenue services may be charged with tax collection, investigation of tax evasion, or carrying out audits.-Revenue services by...
of New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
. The New York City Sheriff's Office
New York City Sheriff's Office
The New York City Sheriff's Office is the civil law enforcement division of the New York City Department of Finance. The Sheriff's office is headed by a sheriff, who is appointed to the position by the mayor, unlike most sheriffs in New York State who are elected officials...
is its civil enforcement arm.
Mission statement
The Department's primary operational goals are:- Ensuring compliance with the City's tax and revenue laws
- Providing up-to-date information to residents and taxpayers
- Valuation of real propertyReal estate appraisalReal estate appraisal, property valuation or land valuation is the process of valuing real property. The value usually sought is the property's Market Value. Appraisals are needed because compared to, say, corporate stock, real estate transactions occur very infrequently...
in the City - RecordingRecording (real estate)The vast majority of states in the United States employ a system of recording legal instruments that affect the title of real estate as the exclusive means for publicly documenting land titles and interests. This system differs significantly from land registration systems, such as the Torrens...
and maintaining property records - Providing business centers in each boroughBorough (New York City)New York City, one of the largest cities in the world, is composed of five boroughs. Each borough now has the same boundaries as the county it is in. County governments were dissolved when the city consolidated in 1898, along with all city, town, and village governments within each county...
for the public to pay bills in-person or to dispute tax and parking issues
Responsibilities
The Department is responsible for collection of parking fees from parking meters and parking violationParking violation
A parking violation is the act of parking a motor vehicle in a restricted place or for parking in an unauthorized manner. It is against the law virtually everywhere to park a vehicle in the middle of a highway or road; parking on one or both sides of a road, however, is commonly permitted....
s, administration and collection the City's business and excise taxes, and assessment and collection of property tax
Property tax
A property tax is an ad valorem levy on the value of property that the owner is required to pay. The tax is levied by the governing authority of the jurisdiction in which the property is located; it may be paid to a national government, a federated state or a municipality...
es and maintaining tax maps and property records.
The Department also conducts business tax audit
Audit
The general definition of an audit is an evaluation of a person, organization, system, process, enterprise, project or product. The term most commonly refers to audits in accounting, but similar concepts also exist in project management, quality management, and energy conservation.- Accounting...
s and public auction
Public auction
A public auction is an auction held on behalf of a government in which the property to be auctioned is either property owned by the government, or property which is sold under the authority of a court of law or a government agency with similar authority....
s of seized property, manages the City's Court and Trust
Trust law
In common law legal systems, a trust is a relationship whereby property is held by one party for the benefit of another...
Funds (including bail
Bail
Traditionally, bail is some form of property deposited or pledged to a court to persuade it to release a suspect from jail, on the understanding that the suspect will return for trial or forfeit the bail...
refunds), investigates tax evasion
Tax evasion
Tax evasion is the general term for efforts by individuals, corporations, trusts and other entities to evade taxes by illegal means. Tax evasion usually entails taxpayers deliberately misrepresenting or concealing the true state of their affairs to the tax authorities to reduce their tax liability,...
cases, licenses wholesale
Wholesale
Wholesaling, jobbing, or distributing is defined as the sale of goods or merchandise to retailers, to industrial, commercial, institutional, or other professional business users, or to other wholesalers and related subordinated services...
cigarette
Cigarette
A cigarette is a small roll of finely cut tobacco leaves wrapped in a cylinder of thin paper for smoking. The cigarette is ignited at one end and allowed to smoulder; its smoke is inhaled from the other end, which is held in or to the mouth and in some cases a cigarette holder may be used as well...
vendors, and authorizes businesses to collect the New York City sales tax.
Organization
- Commissioner of Finance
- Deputy Commissioner for Operations
- Payment Operations
- Adjudication
- Land Records
- Collections
- Treasury Operations
- Deputy Commissioner for Tax Policy and Planning
- Tax Audit and Enforcement
- Property Valuation
- Tax Policy
- Deputy Commissioner for Administration and Planning
- Employee Services
- Communications and Government Affairs
- Budget and Financial Services
- Deputy Commissioner for Information Technology
- Deputy Commissioner and Sheriff
- New York City Sheriff's OfficeNew York City Sheriff's OfficeThe New York City Sheriff's Office is the civil law enforcement division of the New York City Department of Finance. The Sheriff's office is headed by a sheriff, who is appointed to the position by the mayor, unlike most sheriffs in New York State who are elected officials...
- New York City Sheriff's Office
- Deputy Commissioner and General Counsel
- Deputy Commissioner for Operations