January 4th, 2017 The applications to contest the 2017/2018 Tentative Assessed Value with the Tax Commission are due as follows: Class 2, 3, or 4- Properties (TC-101 and TC-109) — March 1, 2017 Returned to our office by February 22, 2017. Class 2, 3, or 4- Properties – Supplemental TC-150 & TC-309 (If necessary) — […]
Proposed Real Property Tax Law Section 421-a legislation has been introduced in the New York State Senate and New York State Assembly. These bills cover Real Property Tax Law Section 421-a for new residential multiple dwelling construction commencing after June 15, 2015. Below are the links to the full text of the bills. It is […]
This is to remind you that, by law, all cooperative real property owners are required to submit an RPIE-2013 filing to the Department of Finance by the new June 2, 2014 filing deadline. Even cooperatives that can file an exclusion from the RPIE filing requirement are required under the regulations to make an RPIE filing […]
All real property owners are required to submit an RPIE-2013 filing to the Department of Finance by the new June 2, 2014 filing deadline. If you believe you can file an exclusion from the RPIE filing requirement, the regulations require that you still must make an RPIE filing and mark the appropriate box as excluded. […]
The applications to contest the 2014/2015 Tentative Assessed Value with the Tax Commission are due as follows: Class 1 Properties (TC-108) —- March 17, 2014 Class 2, 3, or 4- Properties (TC-101 and TC-109) —- March 3, 2014 In order to ensure that your application is filed timely we are requesting that executed applications previously […]
Eligible Cooperative and Condominium Developments applying for the tax abatement for the first time need to complete the 2014/2015 Cooperative and Condominium Property Tax Abatement application. The deadline is March 1, 2014. The application can be found at: 2014-2015 Coop-Condo Tax Abatement Application. Condominium owners applying for the benefit for the first time in condominium developments […]
The Department of Finance is in the process of developing a new application form for qualified new owners of condominium units in condominiums that are already receiving the Coop/Condo Tax Abatement. The application is expected to be made available in the Department of Finance’s website in a month. For more information on requirements and recent […]
ICIP benefit recipients are required to file a Certificate of Continuing Use form in order to continue receiving the exemption benefits. The forms for tax year 2014/2015 have been mailed to all ICIP exemption recipients. If you receive this property tax exemption, you must renew your exemption now. A renewal form may be mailed to […]
Recently the Department of Finance circulated proposed changes to Section 1 of Title 19 of the Rules of the City of New York with the addition of Chapter 50. The purpose of Chapter 50 is to clarify the criteria for eligibility for the Coop/Condo Abatement for the fiscal years beginning in 2012, 2013 and 2014. […]
New York City homeowners who own their cooperative or condominium units through Trusts are once again potentially eligible to receive the Coop-Condo Tax Abatement. Earlier this year, units owned by Trusts and LLCs were barred from receiving this benefit. On July 3, 2013, the State Legislature passed a law which could allow unit owners of […]