Property Tax Abatement – February 2014

You may have heard a number of conflicting or confusing statements regarding the property tax abatement for Co-ops and Condos.  To read and understand the City’s official position you can read all of the latest official information here.

Co-op boards are legally required to report changes or discrepancies in ownership or eligibility for the 2013/14 tax year to Finance by February 15, 2014. Changes must be reported using the Co-op Tax Benefit Change Form which is an Excel spreadsheet that should be downloaded for your use (if necessary).  Note that using this link will place the spreadsheet on your desktop for your use, but nothing will appear on your browser window!

To further clarify certain other abatement-related issues for you, the answers to many frequently asked questions are provided by New York City Department of Finance here.

 

 

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