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City goes online to recoup $400m in property taxes.


For the second year, the city has gone high-tech to recoup recoup

To sell an asset at a price sufficient to recover the original outlay or to offset a previous loss.
 nearly $400M in unpaid property taxes.

The New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
 Department of Finance is providing online access to its list of property owners that owe property tax and water charges, part of a recent effort to increase debtor awareness and facilitate more convenient methods of payment.

"Before last year, the department only published the list in the newspaper, so not everyone was necessarily aware that they owed the city," department spokesman Sam Miller Sam Miller is a British television director. He is best known for his work on the BBC television dramas Cardiac Arrest and This Life. [1]

Miller is a keen supporter of the South Sydney Rabbitohs Rugby League team.
 said.

"The online list is updated every week and includes the actual address of the property, not just the Borough Block-Lot number, which was the only designation in past postings and a marker that a lot of people found confusing."

The online list includes 13,000 properties throughout the five boroughs owing a total of $377 million.

The department has already seen progress. Last year, almost as much revenue was collected during the notice period as the lien lien, claim or charge held by one party, on property owned by a second party, as security for payment of some debt, obligation, or duty owed by that second party.  sale.

As an added incentive for properly owners, the department is now allowing any owner without outstanding delinquency delinquency

Criminal behaviour carried out by a juvenile. Young males make up the bulk of the delinquent population (about 80% in the U.S.) in all countries in which the behaviour is reported.
 to enter into a finance agreement with a 10-20% down payment.

"The city doesn't want to sell people's debts to collectors who are going to tack on tack on
Verb

to attach or add (something) to something that is already complete: an elegant mansion with a modern extension tacked on at the back

Verb 1.
 high interest rates," Miller said. "We want owners out there to pay as little as possible, which means that they must meet the July 28 and 29 deadlines."

The online posting will also help property owners resolve any errors made by the department. "Some owners are incurring fines for violations that they are not guilty of and this is really going to allow them to clear that up before those frees go to collection," said Nick LaPorte, executive director for the Associated Builders and Owners of New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
. "If I owned property in New York, I would check the department's website frequently just to be sure."

"We live in an information age, why not take advantage of it?"

To avoid errors in the payment process itself, the department is encouraging those who owe money to pay online.

Miller added, "We have a bill in the works that will require large debts to be paid electronically."
COPYRIGHT 2004 Hagedorn Publication
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Article Details
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Author:Geiger, Daniel
Publication:Real Estate Weekly
Geographic Code:1U2NY
Date:Jun 2, 2004
Words:362
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