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Department of Finance (DOF)

The New York City Department of Finance collects property taxes, it also maintains land title records and tax maps, conducts lien sales, and collects Real Property Transfer and Mortgage Recording Taxes.

Finance values New York City residential and commercial properties. New York State and City real estate law is applied. Tax rates are set each year by the Mayor and City Council. The rates are applied to property values to help determine each homeowner's annual tax liability. Not only does DOF responsible for tax liability, it also collects other property-related charges from additional city agencies.  To learn more about which agencies DOF collects click here.Most homeowners do no not know that may have open charges issued by many of these agencies. These charges may hinder the sale or refinance a mortgage. If you need help determining if there are open charges against your property, refer to our tax report of on our products and