Senior Citizen Property Tax Exemption Application
Page 6
SECTION 3 - INCOME-PRODUCING PROPERTY
Complete this section if you rent any part of your residence or own income-producing property.
ALL PERSONS FILING A FEDERAL TAX RETURN MUST ATTACH A COPY OF SCHEDULE E, SUPPLEMENTAL INCOME AND LOSS.
1. Is the income-producing property the same as the owner's residence? ........................ q YES
q NO
2. If the answer to 1 is "NO", list the address of the income-producing property: ___________________________
________________________________________________________________________________________
3. Complete the following Income and Expense Statement. Attach a separate Income and Expense Statement for
each rental property. If you attach a copy of your federal Schedule E, IRS form detailing Supplemental Income
and Loss, you do not have to complete the schedule below.
t
t
OFFICE USE ONLY
a. GROSS INCOME ........................................... a.
b. EXPENSES FOR ENTIRE BUILDING
Real estate taxes ............................................... _______________________
_____________________
Mortgage interest............................................... _______________________
_____________________
Water and sewer charges .................................. _______________________
_____________________
Heating fuel (if provided to tenants)................... _______________________
_____________________
Electric (if provided to tenants) ......................... _______________________
_____________________
Insurance .......................................................... _______________________
_____________________
Major repairs .................................................... _______________________
_____________________
Painting / cleaning / maintenance ..................... _______________________
_____________________
Other specify :___________________________ _______________________
_____________________
N E T I N C O M E O F P R O P E R T Y
TOTAL EXPENSES .............................................. b.
SECTION 4 - CERTIFICATION BY COOP BOARD OF MANAGERS
For Cooperative properties only - The following information must be completed by an officer of the cooperative corporation:
Applicant's unit number: ___________
Floor number of this unit: ___________
Monthly maintenance charge for this unit: $ ____________________
Number of shares in this unit owned by applicant: ____________ Date applicant purchased these shares: _______ / _______ / _______
Borough: ______________________ Block: ______________ Lot: ____________ of the building in which this unit is located.
Total number of shares for this development: _________________________
I certify that the above information is true and correct.
(
)
____________________________________
________________________________
______________ ________________
Signature of Officer
print name
Title
Telephone number
C E R T I F I C A T I O N a n d S I G N A T U R E
I certify that all statements made on this application are true and correct to the best of my belief. I understand that any willful false statement of
material fact will be grounds for disqualification from future exemption for a period of five years and a fine of not more than $100.
___________________________________
___________________________________
_________________
___________________________________
___________________________________
_________________
___________________________________
___________________________________
_________________
s
s
s
Signatures of all applicants
Non-relative witness
Date
Sen. Cit. Prop. Tax Exempt. Appl. Rev. 09/98