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NEW YORK CITY DEPARTMENT OF FINANCE PROPERTY DIVISION

SENIOR CITIZEN PROPERTY TAX

F I N A N C E

EXEMPTION APPLICATION

NEW

YORK

Dear Taxpayer:

u If you and your spouse are co-owners, only one of you

must be 65 or older during the calendar year.

The NYC Department of Finance is pleased to offer a

u If the co-owners are brother and sister, only one of you

reduction in real estate taxes to property owners, aged 65

years or older, with an annual income below $27,900, and

must be 65 during the calendar year.

who own and reside in one-, two-, or three-family homes,

u If the co-owners are tenants-in-common or are joint ten-

condominium units, or cooperative apartments. And, now

ants all must be 65 during the calendar year.

as a result of recent changes to state and city law, applicants

u The applicant(s) must live in the house, apartment or unit.

are permitted to exclude Veterans Administration disabili-

ty pension benefits from their calculation of household

u The property must be either a 1-, 2- or 3-family home, co-op

income.

apartment or condominium unit. If commercial space

exists, then only the residential portion may qualify for an

Eligible property owners may apply for the exemption

exemption.

between July 15 and March 15 in order to qualify for benefits

u Owner must have held title to the property for at least 12

that are reflected in their annual real estate tax bill.

consecutive months prior to March 15 of the year when the

Exemption applications may be filed by mail, or in person

exemption goes into effect. There are some limited excep-

with the Assessment Office in the borough where your prop-

tions to the 12-month rule. To hear a recorded list of these

erty is located. For more details about this program, please

exceptions, please call Citytax Dial at (718) 935-6736, mes-

read the eligibility requirements and instructions provided

sage 440.

below.

u Combined total income for all owners from all sources must

As a special customer service, an application to des-

be less than $27,900*, including Social Security Income and

ignate an adult third party to receive copies of your real

exclusive of losses and allowing for a deduction of document-

estate tax bills and notices of unpaid taxes is conveniently

ed medical and/or prescription expenses not reimbursed or

attached to this exemption application. There is no charge

not paid for by insurance.

for this service, and there are no financial risks for any per-

u If the property has a 421a, 421b or 421g exemption, you

son who agrees to be a third party designee. Applications

are not eligible for this exemption unless you sign an offi-

can be filed at any time during the year with the agency’s

cial waiver of the 421a, 421b or 421g exemption.

Central Registration Unit. Enrollment in the third party

billing program is optional.

NOTE: Cooperative shareholders living in Mitchell-Lama hous-

Sincerely yours,

ing, or in housing accommodations provided by Limited

Dividend Housing, Redevelopment, or Housing Development

Fund Companies, or living in the New York City Department of

Housing Preservation and Development’s (HPD) Division of

Rudolph W. Giuliani

Alternative Management Program Housing (Articles II, IV, V and

Mayor

XI of the NYS Private Housing Finance Law), who are aged 62

years or older, with an annual family income below $20,000 are

eligible for benefits under the Senior Citizen Rent Increase

E L I G I B I L I T Y R E Q U I R E M E N T S

Exemption (SCRIE) program only. For more information, call

HPD at (212) 863-8494. Shareholders living in a cooperative

THE FOLLOWING IS INTENDED TO SERVE ONLY AS A

housing which was, or continues to be subject to a mortgage

GUIDE IN DETERMINING YOUR ELIGIBILITY FOR AN

insured, or initially insured by the federal government under

EXEMPTION. ALL SUBMITTED APPLICATIONS ARE SUB-

Section 213 of the National Housing Act (Section 213 housing)

JECT TO REVIEW IN ACCORDANCE WITH SECTION 467

may be eligible for either SCRIE or senior citizen property tax

OF THE NYS REAL PROPERTY TAX LAW.

benefits, but not both.

u If you are the sole owner, you must be 65 or older on or

before December 31 of the year in which benefits will

* Income threshold subject to change.

begin.

Senior Citizen Property Tax Exemption Application Instructions - New York City Department Of Finance Property Division

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