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This document provides general information and guidelines regarding the bidding process, ownership requirements, and regulations related to the Medallion Sale conducted by the NYC Taxi & Limousine
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Who needs Medallion Sale FAQ?

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Individuals interested in participating in the Medallion Sale.
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Potential buyers looking for information on eligibility and process.
03
Real estate professionals who may assist clients in navigating the sale.
04
Community members seeking clarification on how the sale affects local services.
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Medallion owners have a license to own a vehicle that is approved by the Taxi and Limousine Commission (TLC) for use as a taxi. A medallion taxicab is the only vehicle licensed to pick up people who hail down a vehicle on the street, anywhere in the city.
The medallion system is a government-created intentional constraint on the supply of taxicabs, and because cities have historically increased the number of medallions at a slower rate than the growth in demand for taxis, medallions have generally been considered a valuable investment, though recently the increased
Since last year, the values of taxi medallions have inched upward for the first time in eight years. Based on sales data from the New York City Taxi and Limousine Commission (TLC), the average medallion value has climbed from its low point at $79,106 in May 2021 to $137,330 in May 2022.
The medallions were required to be able to pick up street hails. Uber does not and never has accepted street hails. They operate more like the other car services where you request a car from a central dispatcher, and then that car comes and picks you up at a location that you requested.

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Medallion Sale FAQ is a document that provides frequently asked questions and answers related to the sale of medallions, often associated with taxi services or similar industries.
Individuals or entities involved in the sale or transfer of medallions are required to file the Medallion Sale FAQ to ensure compliance with regulatory requirements.
To fill out the Medallion Sale FAQ, follow the provided guidelines, ensure all necessary information is accurately entered, and submit it according to the specified procedures.
The purpose of the Medallion Sale FAQ is to provide clarity and guidance regarding the processes involved in medallion sales, including legal and compliance aspects.
Essential information that must be reported includes seller and buyer details, medallion identification, sale price, and any relevant transaction dates.
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