Department of Finance

General information

The NYC Department of Finance (DOF) collects approximately $36 billion in revenue for the City, and values more than one million properties worth a total market value of more than $1 trillion.

DOF Divisions Include:

City Registrar
The City Register records and maintains all official documents related to real estate, including deeds, mortgages and leases, and has offices in every borough except for Staten Island, where the Office of the County Clerk provides these functions.

Payments, Audits and Collections
The Department of Finance (DOF) employees bill and collect property tax, business taxes and excise taxes. The State administers the City’s income tax and sales tax.

Parking and Vehicles
Drivers can pay or contest their parking tickets or summonses at DOF. We accept payments and hold hearings online, by mail and in person in all five boroughs in the Finance Business Centers.

Property Tax and Exemptions
The Department of Finance values all property in the City, more than one million parcels, each year to produce the Assessment Roll.

Sheriff/Tax Enforcement
As the chief civil enforcement agency for the New York State Court System, the Office of the Sheriff enforces mandates, orders, warrants and decrees for the Courts. Enforcement tools include evictions, seizure of property, and the towing and booting of vehicles for unpaid judgment debt.

Treasury/Cash Bail
The Treasury Division administers the City's network of bank accounts and manages the City’s cash flow. Treasury employees ensure that City funds are deposited only in approved banks with appropriate collateral and manage the City’s banking relationships.