While Manhattan’s 4.1% delinquency rate was lower than that of the outer boroughs, the total amount owed from properties in that borough was higher than the rest of the city, because Manhattan accounts for about 63% of all property taxes due. Manhattan properties owe about $771 million in unpaid taxes, while other four boroughs combined owe about $570 million.

Ana Champeny, Director of City Studies at the nonprofit Citizens Budget Commission, called the increased delinquency rate “concerning” but said it did not pose an immediate risk to the city’s fiscal health, because the de Blasio administration had factored it into its FY21 budget calculations.

“Fortunately, because the City budget accounted for a higher rate of delinquency than usual in this year and next,” Champeny said, “the level of non-payment projected by the Comptroller should not create a major revenue shortfall.”