City homeowners delinquent on taxes falls to five-year low

The number of New York City homeowners delinquent on their property taxes fell to a five-year low, a report from the Big Apple’s Department of Finance reveals. The 22,629 properties that were 90 days or more behind on paying their real estate taxes as of Dec. 31 represent a 6.5 percent decline from a year earlier, city statistics show. The amount owed the city by the property owners, $798.7 million, was down 10.3 percent from the previous year. Of the total owed, $188.27 million is for water bills and $54.28 million for emergency repairs. By borough, Brooklyn had the most delinquent properties with 9,391 owing $387.45 million, followed by Queens, 6,476 properties owing $136.45 million; the Bronx, 3,636 properties owing $103.33 million; Staten Island, 1,851 properties owing $52.54 million; and Manhattan, 1,275 properties owing $188.89 million.
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