How can a June filing decide whether a March appeal is heard?

Updated 2026-08-27.

The Real Property Income and Expense statement is usually described as a fine risk. The larger risk is procedural: an owner who misses it can be refused a Tax Commission hearing on the assessment altogether the following year.

The consequence that is not a fine

Finance states it directly: property owners should be aware that they will lose the right to a hearing at the New York City Tax Commission if they do not file the RPIE on time. Its own frequently asked questions put the same point as an answer: the Tax Commission, by law, can deny a hearing for any property that does not file by the deadline, and to retain the right to appeal you must file on time.

The Tax Commission says it from its side, and adds the mechanics. The RPIE law bars it from reviewing an assessment if the owner did not comply with the filing requirement in the preceding year. An applicant is notified that the application will be denied review for non-compliance, disputes about compliance are resolved with Finance and not with the Tax Commission, and an application still unresolved by July 1 will not be scheduled for a hearing.

Who has to file?

Owners of income-producing property with an actual assessed value of more than $40,000 on the tentative assessment roll must file either an RPIE statement or a claim of exclusion. Finance lists the categories that are not required to file at all: property assessed at $40,000 or less on the tentative roll, residential properties containing ten or fewer dwelling units, tax class 1 or 2 properties with six or fewer dwelling units and no more than one commercial unit, and special franchise properties valued by the State.

A property that is legally excluded still has to say so. The claim of exclusion is a filing in its own right, made in Section D of the RPIE, and it carries its own penalty for being skipped. The excluded categories are long and specific, and several of them, such as entirely owner-occupied property, carry carve-outs that put the obligation back on.

The deadline, and a stale page to ignore

RPIE-2025 was due June 1, 2026, covering calendar year 2025, or the last complete fiscal year as of May 1, 2026 where the records are kept on a fiscal year. The Tax Commission corroborates the same date on its own form.

The penalties, by assessed value

Finance's schedule for required filers who file neither an RPIE nor a claim of exclusion. The penalty is based on the final assessed value.
Final assessed value	Penalty
$40,001 to $99,999	$300
$100,000 to $249,999	$750
$250,000 to $499,999	$1,500
$500,000 to $999,999	$3,000
$1,000,000 to $4,999,999	$5,000
$5,000,000 to $9,999,999	$20,000
$10,000,000 to $14,999,999	$40,000
$15,000,000 to $24,999,999	$60,000
$25,000,000 and above	$100,000

There is a cure period. A missed deadline draws a Non-Compliance Notice, and a filer who submits a complete statement within 30 days of that notice is not penalised.
There is no penalty in the first year a property becomes subject to the requirement.
There is no reasonable cause exception. Finance says requests to remove a penalty for reasons such as forgetting to file or losing documents will not be granted, because the RPIE law contains no such exception.
A claim of exclusion that is not filed carries $100. Finance describes the escalation differently in different documents, reaching $500 and $1,000 for a second and third consecutive year on its web page, so treat the web page as the fuller statement.

Why does this sit on a page about appeals?

Because the order of operations is not obvious from either side. The RPIE is filed with Finance in June, and the appeal is filed with the Tax Commission the following March, and the June filing is what decides whether the March one gets a hearing. An owner who discovers the problem in March is discovering it a year late. MGNY files RPIE statements as well as appeals, and the two are handled as one calendar rather than two: RPIE filing, or 212-343-1111.

If a penalty has already been billed, it has its own 30-day clock and its own named process, on the penalties page. If the hearing is not the problem and the assessment is, the filing itself is on the Tax Commission page and the arithmetic behind it is on the assessed value page.