On February 12, 2025, the Department of Finance announced the launch of a series of outreach events to provide support and information for property owners who are at risk of having liens sold on their properties. The events will be held in partnership with other City agencies, the City Council, and non-profits. Property owners can learn more information about how to resolve outstanding property taxes, water and sewer fees, and other similar charges.
Search Results for: Property Tax
City Council Intends to Aid Property Owners with Two Tax Deferment Bills
Public Hearing hinges on interest rates and how property tax deferments affect the City budget. On June 18, 2020, the City Council officially introduced two bills that would defer July 1, 2020, property tax liabilities for COVID-19 impacted property owners. One bill addresses the tax liabilities of primary residences and the other addresses the tax liabilities of businesses affected by the pandemic. The bills were originally heard as preconsidered bills at the June 10, 2020, … <Read More>
HPD Announces Online App for J-51 Tax Relief Program Now Open
On February 12, 2025, the New York City Department of Housing, Preservation and Development announced that the online application for the J-51 R program, formally J-51, is now open. Since 2009, the J-51 tax relief program has resulted in the rehabilitation of more than 3,200 buildings, consisting of over 143,000 homes. In December 2024, the City Department of Housing, Preservation and Development created the updated version of J-51, “J-51 R”, available to property owners and … <Read More>
City Releases Proposed Rules for Two New Tax Incentives Programs: 485-x and 467-m
On October 8, 2024, the New York City Department of Housing Preservation and Development (HPD) published the proposed rules for the Affordable Neighborhoods for New Yorkers (Real Property Tax Law Section 485-x) and Affordable Housing From Commercial Conversions (Real Property Tax Law Section 467-m) programs.
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>
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.