Official New York City Website
Filter:
Citywide Agencies
Advanced SearchCreate Alert

Collections, Cancellations, Abatements and Other Discounts as a Percent of Tax Levy

Export
Fiscal
year
Tax Levy
(in millions)
Percent of Levy through June 30, 2015
Uncollected
Balance
June 30, 2015
Collections
Cancellations
Abatements
and Discounts(1)
1994
$
8,113.2
92.5%
7.3%
0.7%
4.2%
1995
7,889.7
92.5
5.8
2.2
5.0
1996
7,871.4
92.6
3.9
2.6
3.8
1997
7,835.1
94.7
3.1
2.3
3.7
1998
7,890.0
94.9
1.9
3.3
3.5
1999
8,099.3
94.1
2.5
4.2
3.4
2000
8,374.3
94.1
3.3
4.2
3.1
2001
8,730.3
93.3
2.6
4.4
2.9
2002
9,271.2
94.1
4.2
4.2
0.1
2003
10,816.5(2)
92.7
4.7
4.0
0.1
2004
12,250.7
93.3
4.8
3.9
0.1
2005
12,720.0
92.3
4.9
4.0
0.1
2006
13,668.1
93.6
4.4
4.2
0.2
2007
14,291.2
93.8
4.7
4.5
0.2
2008
14,356.2
93.6
4.5
4.1
0.3
2009
15,327.5
96.4
4.7
4.5
0.5
2010
17,588.1
92.2
4.3
4.1
0.9
2011
18,323.7
91.9
3.8
4.1
2.1
2012
19,284.5
91.8
3.6
3.9
1.7
2013
20,133.1
91.7
3.4
4.2
1.5
2014
21,285.2
91.6
3.1
3.8
1.4
2015
22,591.5
92.1
3.5
3.3
1.5

(1) Abatements and discounts include SCRIE abatements(Senior Citizen Rent Increase Excemption), J51 Abatements, Section 626 Abatements and other minor discounts offered by the City to property owners.

(2) The Tax levy amounts are the amount from the City Council Resolution. In 2003, an 18% surcharge was imposed and is included in each year following.

NOTES: Total uncollected balance at June 30, 2015 less allowance for uncollectible amounts equals net realizable amount (real estate taxes receivable).

Levy may total over 100 percent due to imposed charges that include ICIP deferred charges (Industrial and Commercial Incentive Program), rebilling charges and other additional charges imposed by the Department of Finance (DOF). This information is included in the FAIRTAX LEVY report.