When does the fiscal year end in the tax assessment calendar?

The fiscal year in the tax assessment calendar for New York City ends on June 30th. This date is important as it aligns with the city's budgetary process and is used to determine the financial reporting and planning of the municipal government. By concluding the fiscal year on this date, the city can effectively evaluate revenue, adjust budgets, and plan for the next fiscal year. Additionally, the timing allows for the assessment of property taxes to be conducted and financial records to be consolidated and reviewed before the start of the new fiscal year on July 1st. This standard practice ensures that assessments and fiscal strategies are coherent and organized within the city's financial calendar.