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Resolution · Res 0532-2026

To establish that the interest rate be sixteen percent per annum for Fiscal Year 2027 for non-payment of taxes on properties with an assessed value of more…

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Resolution to establish that the interest rate be sixteen percent per annum for Fiscal Year 2027 for non-payment of taxes on properties with an assessed value of more than $450,000, or more than $450,000 per residential unit for cooperative apartments

The heading above is this same sentence with its legal opening removed. No words were added, changed or reordered.

AdoptedLatest action Jun 30, 2026

New York City Council

Sponsor

Linda Lee

Council Member, District 23 · Democratic

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Summary

Interest rate be 16% per annum for FY'27 for non-payment of taxes on properties with an assessed value of more than $450,000, or more than $450,000 per residential unit for cooperative apartments.

Summary from NYC Council (Legistar). How we handle summaries

From the NYC Council's legislative record (Legistar) and official rosters. This record was last updated Sep 23, 2026. About our data

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Where it stands

Approved and finalized.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Adopted

Committee

Committee on Finance

Recorded votes

  • Vote: P-C Item Approved by Comm

    Committee on FinanceJun 30, 2026Result: passed

    (13) (2) (0) (2)

  • Vote: Approved, by Council

    NYC CouncilJun 30, 2026Result: passed

    (44) (7) (0) (0)

Full history

  1. Jun 30, 2026

    A Motion Was Made That This Resolution be Approved, by Council Approved by Roll Call.

    A motion was made that this Resolution be Approved, by Council approved by Roll Call.

    NYC Council

  2. Jun 30, 2026

    A Motion Was Made That This Resolution be P-c Item Approved by Comm Approved by Roll Call.

    A motion was made that this Resolution be P-C Item Approved by Comm approved by Roll Call.

    Committee on Finance

  3. Jun 30, 2026

    Hearing held

    This Resolution was Hearing on P-C Item by Comm

    Committee on Finance

  4. Jun 30, 2026

    Introduced

    This Resolution was Introduced by Council

    NYC Council

  5. Jun 30, 2026

    Referred to committee

    This Resolution was Referred to Comm by Council to the Committee on Finance

    NYC Council