CityLaw: Three Policy Questions for Nonprofit Property Tax Exemptions

A long-standing feature of American tax policy is the exemption granted to nonprofit organizations, the largest of which is the exemption from local property taxes. The exemption, with origins back to the 18th century, is widespread. Among the 50 states, 17 state constitutions mandate property tax exemptions for charitable organizations, 25 authorize the legislature to give exemptions, and eight do not address the issue. New York State establishes two classes of exemptions for nonprofits:  … <Read More>


Dept. of Finance Announces Notice of Property Value Sessions for Each Borough

The first session is tonight in Brooklyn, with additional sessions to follow. On February 3, 2023, the NYC Department of Finance announced a citywide series of Notice of Property Value (NOPV) information sessions. Property owners received a Notice of Property Value from Finance in January. The Notice of Property Value provides information about market and assessed value and other relevant information so that owners can review the information ahead of the finalization of the assessment <Read More>


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>