NYC RPIE 2026 Season Is Over: What Does Your Filing Set for 2027/28?

September 14, 2026. The RPIE-2025 deadline was June 1, 2026. The Department of Finance mailed its non-compliance notices on July 31, and the 30-day window to cure closed on August 30. The filings DOF collected this season become the fiscal year 2027/2028 assessment roll in mid-January 2027. Here is what your filing decides, what the assessors do with it, and what to do if you did not file.

The RPIE 2026 season is over. If you own income-producing property in New York City, you filed the Real Property Income and Expense statement for calendar year 2025 by June 1, 2026, you filed it late after DOF’s notice, or you did not file it at all. In each case, the next thing you will hear about it is the Notice of Property Value in January 2027.

I would like to make one point before anything else. Once RPIE reports are filed, the information is used for assessment purposes for the upcoming year. The RPIE is not paperwork that DOF collects and puts in a drawer. It is the starting point for the number on your next Notice of Property Value, which is why filing it, and filing it correctly, is what a fair assessment rests on.

What did the 2026 RPIE season look like?

The RPIE-2025 deadline was June 1, 2026. The statement covers calendar year 2025 or, if you keep your books on a fiscal year, the last complete fiscal year as of May 1, 2026.

Who had to file? Three groups:

1. Owners of income-producing property with an actual assessed value of more than $40,000 on the tentative assessment roll. If the property is not required to file the statement, a claim of exclusion is due instead.
2. Owners of property with an actual assessed value of $750,000 or more also file the rent roll addendum. DOF’s RPIE page puts it plainly: these filers “are required to file an addendum containing rent roll information.”
3. Owners of buildings with ground-floor or second-floor commercial space file the storefront registry in the same season.

Late filing ran on DOF’s terms. On July 31, 2026, DOF mailed its 2025 RPIE Non-Compliance Notice to every owner whose statement was missing: “Our records indicate that you did not file a complete 2025 RPIE (Real Property Income and Expense) statement by the deadline of June 1, 2026.” The letter gave 30 days from the date of the notice to file a complete statement or a claim of exclusion and avoid the penalty. Thirty days from July 31 is August 30, and that date has passed. DOF has also published the RPIE-2025 non-compliance lists, by borough, in PDF and Excel. If you did not file, your property is on that list, and the section below on non-filers is written for you.

What does DOF do with the RPIE you filed?

It values your property from it. DOF says so in one sentence on its RPIE page: “We will use the information you provide to determine your property’s value for the following tax year.” DOF also reads your statement next to the statements of similar properties, so your numbers are compared with your neighbors’ numbers whether you like the comparison or not.

For rental buildings, DOF’s Class 2 property tax guide describes the arithmetic. State law requires DOF to value every class 2 property as if it produces income. DOF takes the income and expenses you reported, adjusts them with its statistical models and assessment guidelines, estimates net income, and applies a capitalization rate to arrive at market value. Market value is then multiplied by the 45 percent level of assessment to reach actual assessed value. The caps and phase-ins that state law layers on top come after that.

The timing is in DOF’s own press release for the current roll. DOF published the fiscal year 2027 tentative roll on January 15, 2026, and said the market values reflect real estate activity from January 6, 2025, to January 5, 2026, “as well as income and expense information for commercial properties during calendar year 2024 and submitted to DOF in 2025.” Move every date forward one year and you have this cycle: calendar 2025 income and expenses, filed with DOF in 2026, valued as of the January 5, 2027 taxable status date, and published on the fiscal year 2027/2028 tentative roll.

When will you see the result?

In mid-January 2027. DOF is required to issue a tentative assessment roll every year in mid-January, and the fiscal year 2027 roll came out on January 15, 2026. Expect the fiscal year 2027/2028 roll on the same schedule, with the Notice of Property Value mailed in January. Please note that the NOPV is not a bill, and no payment is due with it. It is DOF’s assessment of your property for the tax year that begins on July 1, 2027.

The roll is called tentative for a reason. The deadlines to challenge it are short, and they do not move:

1. Tax Commission applications are due March 1 for tax classes 2, 3 and 4, and March 15 for tax class 1. Received, not postmarked: the Tax Commission’s forms page states the cutoff as received by 5 p.m. In 2026 both dates fell on a Sunday and rolled to the Monday, March 2 and March 16. In 2027 both fall on a Monday, and the Tax Commission publishes the exact cutoff with each year’s forms.
2. A Request for Review with DOF runs to March 15 for class 1 and April 1 for everything else.
3. The roll is finalized in May, the bills are generated from it in June, and fiscal year 2027/2028 runs from July 1, 2027, to June 30, 2028.

RPIE-2026, covering calendar year 2026, opens next year on the same schedule. The standing deadline is June 1, and DOF publishes each year’s date.

What does filing the RPIE the right way mean?

In our practice, it means six things.

1. The right period and complete numbers. Calendar 2025, or the fiscal year that ended before May 1, 2026, with every income and expense line completed from the books. A line left blank or put in the wrong category is not ignored. DOF models it from other buildings, and the model does not know your building.
2. The rent roll addendum, if the actual assessed value is $750,000 or more. It is part of the filing, not an optional attachment.
3. A claim of exclusion, actually filed, if the property is not required to file the statement. By the way, the claim carries its own penalty: $100 the first year, $500 after two consecutive years, and $1,000 after three or more.
4. The storefront registry, if the building has ground-floor or second-floor commercial space. It is a separate filing in the same season.
5. One set of numbers for two agencies. The Tax Commission requires its own income and expense schedule, the TC201, with the application to correct the assessment, and neither filing satisfies the other. The RPIE you filed in June and the TC201 you file in the spring should tell one story about the same year, because both get read.
6. Amend it if it is wrong. DOF lets you re-enter the system with your login and amend or complete the statement. As of today, September 14, 2026, the RPIE portal is still open, and changes to prior filings can still be made. A statement you know is wrong is worth correcting now, before the assessors model from it.

The reason all of this matters is in the Class 2 guide. DOF estimates wherever it lacks usable data: “we use statistical modeling to calculate the typical income and expenses for properties similar to yours in size, location, age, and number of units.” A typical building is not your building. Our guide to how NYC property tax works puts it bluntly: “a careless RPIE is a self-inflicted assessment.”

What if you did not file?

Four things follow, and they follow in order.

1. Your property is on the list. DOF’s RPIE-2025 non-compliance lists are public, by borough, at the link above. Before an acquisition, once a client asks us to look at a property, the seller’s RPIE filings are among the first documents we request. A property on that list raises questions before anyone has opened the rent roll.
2. The Non-Compliance Notice opened a 30-day cure period. DOF’s 2025 notices are dated July 31, 2026, and each one names the price of doing nothing: “A non-filer penalty of up to $750 will be imposed if you do not file a complete 2025 RPIE statement or a claim of exclusion within 30 days of the date of this notice.” The dollar figure is the schedule amount for that property. Another notice in the same batch reads “up to $1,500”. A complete statement filed inside those 30 days ends the matter with no penalty, and the notice says so: file it and “you will have met your legal obligations”. The notice also enclosed a Petition for Hearing for owners who wanted to contest the proposed penalty, due in the same 30 days, mailed to the RPIE Unit at 66 John Street, 12th Floor, with the hearing held by mail or in person.
3. Miss the cure period and the penalty is billed. It runs by final assessed value: $300 for property assessed between $40,001 and $99,999, then $750, $1,500, $3,000, $5,000, $20,000, $40,000 and $60,000 as the value rises, up to $100,000 at $25,000,000 and above. Three consecutive years of not filing change the arithmetic entirely, and the notice says so: “If you have not filed a complete RPIE statement for three consecutive years, including this year, your penalty amount is equal to 5% of the final actual assessed value of your property.” Unpaid penalties and interest become a lien on the property. There are two exceptions and one non-exception. First-time required filers are not penalized, even if they do not file within the 30 days. A penalty billed against a property that was never required to file, or that did file, is cancelled by DOF’s RPIE Unit once that is shown. Forgetting is not a defense. DOF will not remove a penalty because the owner forgot to file or lost the documents, because, in DOF’s words, “there is no exception for reasonable cause in the RPIE law.”
4. The consequence that lasts longer than the penalty. The notice says it in one sentence: “In addition to the penalty, if you do not file your RPIE statement within 30 days of the date of this notice, you will not be able to challenge your property value with the New York City Tax Commission.” DOF’s FAQ says the same thing from the other side: “The New York City Tax Commission, by law, can deny a hearing for any property that does not file the RPIE-2025 form by the June 1, 2026, deadline.” The assessment set without your numbers arrives in January, and the usual way to argue it down can be closed to you the same spring. In my experience this is the part owners underestimate. The penalty is a one-time charge. Losing the Tax Commission hearing means living with DOF’s number for the whole year.

The cure window has passed, and late filing at this point is at DOF’s discretion, but a complete statement filed now is still the right move. It puts your own numbers on the record, which is the only way the assessors can value from them. One caution from experience: a skipped year does not come back. It is not possible to file RPIE reports retroactively once DOF closes a cycle, and the next opportunity is RPIE-2026. Our RPIE filing page covers late filing, our penalty removal page covers a penalty that was assessed incorrectly, and The Reality of RPIE Penalties walks through how the fines are structured and billed.

What should you do now?

If you filed. Keep the SmartFile confirmation, the statement and the rent roll together, because the January notice will be read against them. Put mid-January 2027 on the calendar and compare the market value on the notice with what you filed. DOF publishes the estimated income, expenses and capitalization rate it used for your property on its website. If the estimate does not match the building, the Tax Commission application is the remedy, and its window is short.

If you did not file. File the statement now. DOF’s July 31 notice and its 30 days have run, and the petition enclosed with it was due in the same window. If a penalty has been billed for a property that was not required to file, or that did file, contest it. And plan around the Tax Commission bar for next year’s application.

Everyone. RPIE-2026 opens next year on the same schedule, and the statement you file then is the one that sets fiscal year 2028/2029. Nobody should be filing on the assumption of an extension.

What does it cost to ask MGNY?

Nothing. A real person answers at 212-343-1111, and the consultation is free. You engage us only if you want the work handled for you.

MGNY has worked NYC property tax since 2008, with $50M+ in tax refunds secured for owners, 900+ developments with tax abatements secured and $30B+ represented in appeals, and files 2,500+ RPIE statements a year. We prepare RPIE statements, rent roll addenda and storefront registrations every season, and the same team handles Tax Commission applications and RPIE penalty removal. If your filing was right, we will tell you so. If it needs amending, we amend it. If you did not file, we prepare the late statement and contest a penalty that was assessed incorrectly.

You can file yourself at nyc.gov/rpie. MGNY Consulting is a property tax consultancy and is not affiliated with the Department of Finance.

Michael Geylik
Founder and President, MGNY Consulting

Frequently asked questions

When was the RPIE-2025 deadline, and can I still file?

The deadline was June 1, 2026. DOF’s 2025 RPIE Non-Compliance Notices, dated July 31, 2026, gave 30 days from the date of the notice to file a complete statement or a claim of exclusion and avoid the penalty. That window ran out on August 30. DOF accepts late statements on a discretionary basis, and as of September 14, 2026, the RPIE portal is still open. Once DOF closes a cycle, it is not possible to file that year’s RPIE retroactively.

What does DOF do with the RPIE I filed this year?

It values the property from it for the following tax year. For rental buildings, DOF estimates net income from the income and expenses you filed, adjusted by its statistical models, and applies a capitalization rate to reach market value. Calendar 2025 filings feed the fiscal year 2027/2028 roll.

When will I see the assessment based on my 2026 filing?

On the tentative assessment roll DOF issues each year in mid-January, so mid-January 2027, with the Notice of Property Value mailed in January. The Tax Commission deadlines to challenge it are March 1 for classes 2, 3 and 4 and March 15 for class 1, received rather than postmarked.

What happens if I did not file the RPIE-2025?

Your property is on DOF’s published non-compliance list. The Non-Compliance Notice dated July 31, 2026 gave 30 days to file without penalty, to August 30. After that the penalty named on the notice is billed, from $300 to $100,000 by final assessed value, it becomes a lien if unpaid, and, in the notice’s words, you will not be able to challenge your property value with the New York City Tax Commission. There is no reasonable-cause exception.

Does filing the TC201 with the Tax Commission count as filing the RPIE?

No. They are two filings with two agencies, and neither satisfies the other. The numbers on both should agree, because both get read.

Who has to file an RPIE in NYC?

Owners of income-producing property with an actual assessed value of more than $40,000 on the tentative assessment roll. If the property is not required to file, a claim of exclusion is due instead. Properties at $750,000 or more also file the rent roll addendum, and buildings with ground-floor or second-floor commercial space file the storefront registry.

Sources, all read September 2026: DOF’s RPIE page, filing information, FAQ and penalty guide; the Class 2 Property Tax Guide; DOF’s press release of January 15, 2026 on the fiscal year 2027 tentative roll; the Notice of Property Value page; the RPIE-2025 non-compliance lists; the Tax Commission’s forms page; and the 2025 RPIE Non-Compliance Notice DOF mailed to non-filers, dated July 31, 2026. MGNY Consulting is a private consulting firm and is not affiliated with the NYC Department of Finance or the NYC Tax Commission.

Get our updates first on Google. Deadlines move: the Notice of Property Value built from this season’s filings lands in mid-January 2027, the Tax Commission dates follow on March 1 and March 15, and RPIE-2026 opens on the same schedule next year. Tap the button and Google adds MGNY Consulting to your preferred sources, so our coverage surfaces first in your results. No signup and no email, and one tap undoes it.

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