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RPIE

The annual income & expense filing for income properties

The Real Property Income and Expense filing is the annual statement owners of covered income-producing properties must submit to the Department of Finance, reporting the building's income and expenses for use in assessment. Filing is mandatory above the program's thresholds, with penalties for non-filing that scale with value — and non-filers can face procedural disadvantages in later assessment challenges.

RPIE data feeds the income-capitalization valuations behind many market values, making it the hinge between a building's operations and its tax bill. For records analysis, filing compliance is another datable obligation: a covered building's missing filings accrue penalties and mark administrative looseness, while the assessment roll quietly reflects whatever the filed numbers claimed.

See RPIE in context on a real lot

PearlAudit resolves the governing zoning for any NYC tax lot — district, overlays, special districts — and cites the Zoning Resolution section behind every rule claim.

Definition last reviewed 2026-07-11. Educational content, not legal advice.