CLE ANNOUNCEMENT: New York City Property Tax CLE, 1/12/23 (Revised)

CLICK HERE TO REGISTER

 

WHEN

Thursday, January 12, 2023, from 1:30 p.m. to 4:55 p.m.

WHERE

New York Law School, 185 West Broadway, New York, NY 10013

CREDIT

3 Transitional and Nontransitional CLE Credits: 2.5 in Professional Practice and 0.5 in Ethics and Professionalism

COST

$250 registration fee, $100 NYC Agency Attorneys

For more information and to register click here.

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City Authorizes One-Time Tax Rebate for Homeowners

Homeowners of a one, two, or three family residence are now eligible for a $150 tax rebate. On August 24, 2022, Mayor Adams signed Local Law 82 into law. The bill authorizes a one-time property tax rebate up to $150 to hundreds of thousands of eligible New York homeowners. The bill was introduced (Intro 600) and voted on by the City Council in early August, passing by a unanimous vote following a public hearing.


The City’s Tax Lien Sale Now Delayed Until Late September

Governor Cuomo signs executive order to delay tax lien sale. On September 4, 2020, New York City Mayor Bill de Blasio announced a delay of the City’s annual tax lien and water lien sale. The sale which was originally scheduled for May 2020 and was postponed to September 4, 2020, as a result of the COVID-19 pandemic, will now take place on September 25, 2020. The announcement comes after New York Governor Andrew Cuomo signed … <Read More>


NYC Banking Commission Recommends Eliminating Interest on July Property Tax Payments

The recommendation will also impact interest rates for small property owners not impacted by COVID-19. On May 13, 2020, the New York City Banking Commission recommended that the City Council create a new hardship exemption to eliminate interest on late payments for property taxes due in July for small property owners who faced financial hardship due to COVID-19. The Banking Commission is comprised of Mayor Bill de Blasio,  Department of Finance Commissioner Jacques Jiha, and … <Read More>


Council Passes Legislation to Protect Not-For-Profits from Tax Lien Sales

Council backs not-for-profit sector with new legislation. On March 29, 2020, Local Law 42 of 2020 was adopted by the City without the Mayor signing it following unanimous City Council approval.  Local Law 42 was originally introduced as Int. No 245-of 2018 by Council Member Antonio Reynoso and was later amended twice. The new law creates an exemption for City tax lien sales of properties owned by not-for-profit organizations. The law also creates a not-for-profit … <Read More>


City Offers Payment Plans and Deferral Programs for Property Tax Payments

Department of Finance looks to ease tax burden on homeowners through deferment programs and suspension of the annual tax lien sale. On March 24, 2020, the Department of Finance announced several measures intended to assist property owners with their tax payments amidst the COVID-19 outbreak. With unprecedented unemployment rates, many throughout the city will have difficulty paying their taxes come the close of the fiscal quarter and going forward. Each of the following programs is … <Read More>