§ 24-01 Definitions.
RCNY § 24-01
Unless the context requires otherwise, as used in these rules: Assessment. "Assessment" means charges other than real property taxes, water charges and sewer rents, that are imposed on real property in the City of New York and which remain a lien on such real property until paid. Beneficial owner. "Beneficial owner" means an individual or entity that has an ownership interest in excess of fifty percent of either (i) the real property or (ii) the entity that is the record owner of the property. Department. "Department" means the New York City Department of Finance. Ordinary overpayment. "Ordinary overpayment" means an overpayment, as defined herein, that resulted from means other than real property assessment review proceedings. Overpayment. "Overpayment" means a payment that exceeds the amount of the real property taxes, water and sewer charges or assessments for which the payment was intended. Record owner. "Record owner" means the owner of a property as it appears on the records of the New York City Department of Finance. Taxpayer. "Taxpayer" means the payor of a tax, water and sewer charge or assessment, whether or not such party is the owner of the property to which the payment was applied. Tax year. "Tax year" means the fiscal year of the City of New York, which commences July 1 and ends June 30. Transfer of overpayment. "Transfer of overpayment" means the application of a credit to an unpaid tax, charge or assessment.
