New York City Department of Finance

Overview

The New York City Department of Finance (DOF) is the revenue service, taxation agency and recorder of deeds of the government of New York City. Its Parking Violations Bureau is an administrative court that adjudicates parking violations, while its Sheriff's Office is the city's primary civil law enforcement agency. Thr current commissioner is Richard Lee, appointed by NYC Mayor Zohran Mamdani in March 2026.

Responsibilities

The New York City Department of Finance (DOF) collects more than US$40 billion in revenue for the City and assesses more than 1.1 million properties that have a combined total market value of $1.3 trillion. In addition, DOF also:

Records property-related documents Administers exemption and abatement programs Adjudicates and collects parking tickets Maintains the city's treasury Participates on and provides administrative support for the NYC Banking Commission Oversees the New York City Sheriff's Office, which acts as DOF's law enforcement division and the City's chief civil law enforcement agency. Through the Mayor's Office of Pensions and Investments, the Department of Finance also advises the Administration on the City's $160 billion pension system and $15 billion deferred compensation plan.

History

In 1801, New York City created the Office of the Comptroller and the City Council was charged with appointing a New York City Comptroller. In 1831, the New York City Department of Finance was established, with the Comptroller serving as its head.

See also

New York State Department of Taxation and Finance Internal Revenue Service New York City Office of Administrative Trials and Hearings New York City Mayor's Office of Management and Budget

External links

Official website Department of Finance in the Rules of the City of New York