Lower Your Property Taxes in NYC: Your Guide to Co-op and Condo Abatements
Discover potential tax savings for your New York City cooperative or condominium. Learn how HPM Property Management can assist you in understanding and applying for local tax abatement programs.
Do I qualify for tax abatement?
To qualify, your unit must be your primary residence. Your building’s board or management must file the application on your behalf.
Find out if you qualify for Property Tax Abatement in just 3 minutes!
Unlock Your NYC Property Tax Savings:
A Tax Abatement Guide
Maximize your property’s tax benefits. Discover how HPM Property Management can help you qualify and apply for NYC’s Tax Abatement Program.
What is the NYC Property Tax Abatement?
The Co-op and Condo Property Tax Abatement is a program designed to reduce property taxes for eligible NYC homeowners.
The abatement is applied by deducting a percentage of the assessed value, which varies depending on your building and unit’s specifications.
HPM Can Help You Navigate Tax Abatement
Many property owners in New York City miss out on substantial tax savings due to complex regulations and application processes surrounding the NYC Cooperative and Condominium Tax Abatement. These regulations often involve specific eligibility criteria related to primary residency, ownership limits within a building, and the filing of particular real property transfer tax forms. The application processes can be lengthy and require meticulous attention to detail, including gathering extensive documentation and adhering to strict filing deadlines set by the New York City Department of Finance.
At HPM Property Management, we specialize in guiding homeowners and board members through these intricate tax abatement requirements in NYC. Our experienced team provides comprehensive support, from initial eligibility assessment and document preparation to navigating the application submission process. We ensure you understand all the necessary steps, help you gather the required paperwork accurately, and keep you informed of crucial deadlines, maximizing your chances of securing the valuable tax savings you are entitled to in New York City.