Plain-language guide
What is the NYC RPIE?
An annual income and expense statement required by NYC Department of Finance for most income-producing properties — and a critical prerequisite for challenging your tax assessment.
What is the RPIE?
The Real Property Income and Expense statement (RPIE) is an annual filing required by the NYC Department of Finance for most income-producing properties with an actual assessed value above $40,000. It's used by the City Assessor to determine market value for property tax purposes.
RPIEs are filed electronically each year and cover the prior calendar year. For example, RPIE-2024 covered the period January through December 2024 and was due June 2, 2025.
Why does the City require it?
DOF uses RPIE data in its Computer-Assisted Mass Appraisal (CAMA) system to set property values. Accurate income and expense data leads to fair assessments. When owners don't file, DOF estimates value from comparable properties — and those estimates are frequently higher than actual values.
The catch:DOF's estimates aren't conservative. A missed RPIE can result in an inflated assessment that costs more than the filing itself ever would.
What information does the RPIE require?
- Gross income (rent, other income)
- Operating expenses (maintenance, utilities, insurance, management fees, taxes)
- Vacancy rate
- Number of units, occupancy rate, rentable square footage
- For properties ≥ $750,000 AV: a full rent roll with lease terms (the Rent Roll Addendum)
RPIE vs. property tax appeal — how they connect
Filing your RPIE on time is a prerequisite to challenging your property assessment at the NYC Tax Commission. Miss the RPIE deadline and you lose your right to a Tax Commission hearing the following year — often the more expensive consequence than the penalty itself.
Types of RPIE filings
- Regular RPIE — standard income/expense statement
- RPIE with Rent Roll Addendum — required for properties with AV ≥ $750,000
- Claim of Exclusion — for qualifying exempt properties (still must be filed)
- Storefront Registry — under Local Law 157 of 2019
- REUC-RPIE — for utility property and equipment
The RPIE timeline
- •Jan 1
Reporting period begins
Income and expense data starts accruing for the calendar year.
- •March 4 – June 1
Filing window
SmartFile portal opens; owners and representatives submit electronically.
- •June 1, 2026
Filing deadline
RPIE-2025 must be received by DOF.
- •July
Non-compliance notices mailed
Late filers receive written notice with a 30-day cure period.
- •August
Penalties assessed
Properties still non-compliant after the cure period are billed.
Common questions
Still not sure if you need to file?
Send us your address or BBL — we'll tell you exactly what's required and what isn't. No charge.