AGENCY TESTIMONY
Analysis of Intro 783: Recording tax liens in ACRIS
0:10:21
ยท
88 sec
Annette Hill discusses Intro 783, sponsored by Council Member Nurse, which would require the Department of Finance to record liens in ACRIS for properties with significant debt. The department does not support changing the current practice.
- Bill requires recording liens for properties with over $5,000 in debt that is over 3 years old
- Currently, DOF only records liens in ACRIS when a property is sold through the tax lien sale
- The administration believes the current practice is appropriate and sufficient
- Concerns raised about redundancy and potential risks to property owners
Annette Hill
0:10:21
Turning to the 2nd bill, intro 783 also sponsored by council member nurse, which will require the Department of Finance to record a lien in accuracy, the system of record for the city register, anytime a property occurs more than 5,000 in lawful debt that is over 3 years old.
0:10:39
Currently, the department records lending accuracy only when a property is sold through the tax lien sale.
0:10:46
For liens that have not been sold yet, meaning they have not met the qualifications for the lien sale, a property owner can view this information on DOF's online property tax system.
0:10:57
This administration believes the current practice of recording lien is the appropriate course of action and does not support changing it.
0:11:05
Delinquent balances appear in quarterly or semi annual bills, and under local law 82 of 2024, we send notices to property owners with overdue balances of over $100.
0:11:18
In addition, once the debt reaches threshold for inclusion in the lien sale, we send repeated notices as part of the reforms included in Local Law 82.
0:11:29
We'll con we'll conduct ex extensive outreach to ensure owners are aware of their debt.
0:11:35
Our goal is to help owners resolve their debt before the liens are sold.
0:11:39
Recorded liens and ACRIS would be redundant and risk a supposed owner's financial strength to unscrupulous actors without providing clear additional benefits.