What Are Some Functions of the NYC Department of Finance?


Quick Answer

Functions of the New York City Department of Finance include collecting city funds, valuing property, recording property-related documents, overseeing exemption and abatement programs, and collecting tickets for parking violations. Additional functions include managing New York City's treasury, working with the NYC Banking Commission and providing civil law enforcement.

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Full Answer

As of 2016, divisions within the NYC Department of Finance include the City Register, Payments, Audit and Collections, Parking and Vehicles, Property Tax and Exemptions, and Sheriff/Tax Enforcement. The City Register division has offices in several locations through the city, and its main task is dealing with real estate documents, especially those related to deeds, mortgages and leases.

Payments, Audit and Collections collects taxes from individuals, businesses and other sources. Auditors in the division watch for payment failures. Tasks of the Parking and Vehicles division include considering disputes over parking violation tickets. The division's Commercial Adjudications unit provides hearings and appeals for commercial vehicle driver violators.

The Property Tax and Exemptions division carries out valuation of property within the city, and it also collects property taxes and unpaid taxes. Functions of the Sheriff/Tax Enforcement division include enforcing civil mandates, orders, decrees and warrants. Additional tasks include enforcing traffic laws and regulations for the city.

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