NEW YORK CITY DEPARTMENT OF FINANCE
PAYMENT OPERATIONS DIVISION
PROPERTY TAX PAYMENT AGREEMENT REQUEST
ALL INFORMATION MUST BE COMPLETE FOR THE APPLICATION TO BE CONSIDERED
Department of Finance
Bring your completed application to one of Finance’s
SECTION 1 - PROPERTY INFORMATION
Your property’s BBL can be found on the notice re-
ceived with this form or at
SECTION 2 - APPLICANT INFORMATION
2. Social Security #:
3. Date of Birth:
6. Is this your Primary Residence?
SECTION 3 - INSTRUCTIONS
Only an owner, an owner’s authorized agent, or other eligible person (such as an estate beneficiary) may file a request for a payment
agreement at any Finance Business Center.
To complete the application process, the filer must provide:
Proof of identity (e.g., copy of a driver’s license or non-driver ID), and
Proof of relationship to the property (e.g., copy of most recent recorded deed or Power of Attorney from owner of record).
Proof of being an officer of the corporation (if the property is owned by a corporation).
Finance offers payment agreements with:
A down payment as little as zero. The Department of Finance recommends making a greater than zero down payment to reduce inter-
Monthly or quarterly installments.
Terms can range from one year to ten years. Please indicate the desired length by filling in the blank below.
Check if you already have an existing Payment Agreement that is in default and would like to have a Second Chance Payment
Agreement that requires a 20% down payment on all outstanding debt as of today.
SUMMARY OF AGREEMENT RULES
The interest rate is 6% or 18%, depending on the assessed value of the property. Interest continues to accrue on any unpaid
amount until the agreement is paid in full.
If you fail to make both your scheduled installment payments and pay any new taxes/charges on the property for a period of six
Your agreement is considered in default and may be cancelled.
The property will then be eligible for any and all collection actions, including tax lien sales
You will be unable to enter into another payment agreement for that property for the next five years.
If you can show that you had unusual circumstances that may have impacted your ability to pay your property taxes (which we call “extenuating
circumstances), you may be able to enter into another payment agreement even if you defaulted on a prior one.
PROPERTY TAX EXEMPTIONS
There are exemptions from Property Tax for which you may apply. If you are eligible for one or more of the applicable exemptions, your
property may be excluded from a tax lien sale.
I have received information regarding eligibility for Property Tax exemption programs.
Initial the box to the right to verify receipt of exemption information.
Payments should be made payable to New York City Department of Finance and mailed to the NYC Department of Finance, Pay-
ment Operations, 59 Maiden Lane, 19th Floor, New York, NY 10038, made online at
or brought into one of the
INDICATE LENGTH OF AGREEMENT
INDICATE PAYMENT FREQUENCY
You must indicate the length of the agreement: ___________ Years.
INDICATE DOWN PAYMENT AMOUNT
Indicate the percent of the debt to be paid now. 20% or higher is required to reinstate agreements that are in default: ______________%
Property Tax Installment Agmt Req. - Rev. 02.09.2017