The de Blasio administration on Friday announced the postponement of the city’s annual tax lien sale until Sept. 25 to give New Yorkers additional time to pay debt or enter into payment plans. The announcement followed an executive order from Gov. Andrew Cuomo.
“COVID-19 has hit the pocketbooks of New Yorkers hard, and we’re doing whatever we can to give New Yorkers some relief,” said Mayor Bill de Blasio. “Postponing the lien sale will allow New Yorkers more time to work with the city on their best path forward.”
The lien sale is administered by the NYC Department of Finance, which sells overdue property taxes, water and sewer charges, and other property charges to a non-profit trust. This year’s sale was originally scheduled to occur in May, but was previously postponed until Sept. 4 as the city focused its efforts on the COVID-19 outbreak.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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