Form Ref-01 - Property Tax Refund Request Page 4
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4PROPERTY REFUND REQUEST
GENERAL INFORMATION
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Department of Finance
WHO SHOULD FILE
Please complete this form only in the following cases:
If you have a credit on your property tax account and would like to request a refund (or transfer of funds to another property you own).
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If you paid on a property erroneously and would like the money transferred and/or refunded.
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If you made a payment, but the payment is not reflected on your account.
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Do not use this form if you have a credit on your property account and want it applied to future taxes. In most cases, Finance would auto-
matically apply credits towards your next property tax bill for the same account. In general, if the funds have already been applied to future
taxes, you would not receive a refund.
INSTRUCTIONS
PLEASE READ CAREFULLY
1. Please provide all of the information requested and initial
4. Documentation is generally not required when filing this form.
any changes that you make on this form. Incomplete appli-
However, if you are filing this form regarding a payment that is not
cations or those with insufficient documentation may be can-
reflected on your account, you must submit proof of payment.
celled or returned.
(See Section IV on the form for more information.) In addition,
you must provide documentation in the following instances:
2. Generally, there are two situations that result in a property
Mortgage companies: If payment was made for multiple
tax credit:
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properties, a disbursement sheet must be provided.
Overpayment: This can occur a) if payment was made
(Please see Section IV on the form for more information.)
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twice, b) if payment was made and then an exemption or
abatement was put on the account, c) if payment was
Attorneys: A copy of the authorization letter if you are
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made and then a charge was subsequently cancelled, or
not the attorney who brought forth the assessed value
d) if there are excess credits due to the Senior Citizen
change. In addition, a copy of the court order must be
Rent Increase Exemption (SCRIE) or Disability Rent
submitted if the reduction in assessed value was a result
Increase Exemption (DRIE) programs. In most of these
of a court order, and interest must be paid on the refund.
cases, refunds are generally made payable to the prop-
(See Sections II and III on the form for more information.)
erty owner or the entity who paid the taxes during the
Lessees: If a refund check should be made payable to the
periods in which the credits occurred.
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lessee, documentation (such as a lease agreement) must be
You must apply for a refund or a transfer of credits result-
provided showing the entity's relationship to the property.
ing from overpayments within six years of the date of the
5. As an alternative to filing this form, you may apply for a prop-
overpayment or credit. Please note that overpayments
erty refund online by visiting Finance’s website at
and credits are automatically applied to unpaid taxes.
nyc.gov/finance. (However, filers in #4 who must provide
Reduction in property’s assessed value: This occurs
documentation as outlined above should file a hardcopy form.)
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when an appeal is made to the Tax Commission or
6. If your refund is due to an overpayment or misapplied payment,
courts and results in a reduction in the property’s
you may receive your refund via direct deposit. (Direct deposit
assessed value and the amount of tax due. In these
is not available for other types of refunds.) If you elect direct
cases, refunds are generally made payable to the prop-
deposit, you must provide your bank routing and account num-
erty owner (or to the condominium) but mailed to the
ber in Section I of the form. If you are not sure where to obtain
attorney who helped bring about the successful appeal.
this information, please contact your bank or financial institution.
3. You may transfer credits to another parcel to pay for property
The Department of Finance is not responsible for a lost refund if
taxes or other property-related charges. If you are electing a
you enter the wrong account information. Please check with
transfer, you must specify how your credits should be trans-
your financial institution to get the correct routing and account
ferred in Section V of the form. The most common account
numbers and to make sure your direct deposit will be accepted.
types are listed below for your reference. Please note that
some account types may not apply to your property.
7. For all other questions regarding property refunds or this
form, please visit:
Property Taxes
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Shelter Rent Charges
nyc.gov/propertyrefunds
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Elevator
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Mail your completed Property Refund Request
Sign
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Business Improvement District (BID)
Application along with any required documentation to:
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Emergency Repair
NYC Department of Finance
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Rent Stabilization
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Refunds Unit
Sidewalk Repair
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Inspection or Clean-up
59 Maiden Lane, 20th Floor
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New York, NY 10038
Note: SCRIE/DRIE credits may only be applied to property taxes.
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