Owners of cooperative units and condominiums who meet the requirements for the Cooperative and Condominium Property Tax Abatement can have their property taxes reduced. The amount of the abatement is based on the average assessed value of the residential units in the development.
Note 2019: ****
Due to NEW 2019 NYC regulations for Cooperatives and Condominiums, All Area Realty Services is required to gather owner information from all unit owners in cooperatives and condominiums.
Do not assume we have this information, as what we have on file may be outdated.
*All information will be submitted by All Area Realty services to NYC Dept. Of Finance annually by Oct of every year.