New York City officials were able to help more property owners avoid last year’s lien sale for resolving tax and water debts compared to prior years, according to a new report by the Independent Budget Office, a nonpartisan independent government agency.
Of the nearly 30,000 properties that were eligible for 2025’s lien sale, only 15% ultimately ended up in the final sale, the IBO found. That’s lower than any of the past 10 years reviewed by the IBO, in which an average of 17% of eligible properties had their liens sold.
The decline shows the Department of Finance ...