Co-Op and condo unit owners may be eligible for a property tax abatement. Abatements reduce your taxes after they've been calculated by applying dollar credits to the amount of taxes owed. Building management, boards of directors, or other official representatives must apply for the co-op or condo abatement on behalf of the eligible building units.

To be eligible, the unit must be your primary residence.

Effective for tax years beginning on or after July 1, 2022, certain properties must submit a prevailing wage affidavit prior to the upcoming tax year to qualify for the Co-Op and Condo Property Tax Abatement.

The deadline to file your Cooperative/Condominium Property Tax Abatement Renewal and Change Form is February 15, 2023.

The deadline to submit the prevailing wage affidavit (for developments required to do so) is February 15, 2023.

If your development lost the co-op/condo abatement in tax year 2021/22 for not filing the prevailing wage affidavit or if you opted out from filing the affidavit, but now wish to apply for the abatement in tax year 2023/24 you must file an initial application as a new applicant. You can only file a renewal if the development is currently receiving the abatement.

Learn more about eligibility requirements.

Co-Op and condo owners may also be eligible to reduce their taxes through property tax exemptions. Learn more on the Property Tax Benefits for Homeowners page.

The amount of your benefit depends on your unit’s average assessed value.

Average Assessed Value
Abatement Percentage
$50,000 or less
28.1%
$50,001 to $55,000
25.2%
$55,001 to $60,000
22.5%
$60,001 or more
17.5%

Unit Owners

Individual unit owners can’t apply for the co-op or condo abatement directly. If you are a co-op shareholder or condo unit owner, you should tell your board or managing agent if the unit is your primary residence so that you can receive the abatement. Once the development has submitted the application, you can contact their management office for information.

If you live in a building that doesn’t have a board, managing agent, or association, or if your building doesn’t get the annual condo co-op breakdown letter, contact the Department of Finance (DOF) for assistance.

Contact DOF.

Managing Agents or Boards

Co-Op or condo developments that are applying for the abatement for the first time must complete the Co-Op and Condo Property Tax Abatement Application. They must provide information about each unit and collect information from unit owners regarding their primary residence.

If the development already receives the abatement and the eligibility or the ownership of a unit has changed, the development must report those changes to the Department of Finance (DOF) so the owner of the unit can start receiving the benefit.

Building management applying for the abatement for the building for the first time can apply online or by mail.

Online

Apply for the Co-op or Condo Abatement.

By Mail

Building management applying for the abatement for the building for the first time can get a copy of the application online or by mail.

Mail to:

NYC Department of Finance
Co-op and Condo Abatement Unit
59 Maiden Lane, 24th Floor
New York, NY 10038

Call 311 or 212-NEW-YORK (212-639-9675) to request a paper copy.

The management company or board of directors is legally required to renew the property tax abatements for all units in the building by February 15 every year. You can contact your management company or board of directors to confirm that they have renewed your abatement.

If they haven’t done so previously, management and boards must also notify the Department of Finance (DOF) about changes to the eligibility or ownership of the units. If you're a member or representative of a management company or board, it's recommended that you renew and report changes electronically, but if you’re unable to file online, you can mail a paper application.

If your development lost the co-op/condo abatement in tax year 2021/22 for not filing the prevailing wage affidavit or if you opted out from filing the affidavit, but now wish to apply for the abatement in tax year 2023/24 you must file an initial application as a new applicant. You can only file a renewal if the development is currently receiving the abatement.

Online

Before submitting the form, you should:

  • Include the co-op or condo unit number in the message
  • Include the signed and scanned Attestation (Section A)
  • Make sure the file is password protected due to its sensitive information
  • Send a second message with the co-op number and the password in the body of the message

Renew and report changes.

By Mail

If you’re unable file online, you can download and print an application on DOF’s website or request a copy by mail from 311.

Mail to:

NYC Department of Finance
Co-op and Condo Abatement Unit
59 Maiden Lane, 24th Floor
New York, NY 10038

Call 311 or 212-NEW-YORK (212-639-9675) to request a paper copy.

If you are a member of the board of directors, managing agent, or other official representative of a co-op or condo building, you are responsible for keeping the Department of Finance updated about the ownership and eligibility of units in your development.

You must report changes to:

  • Apply for the abatement for new owners
  • Remove the abatement from any sold units no longer being used as an owner's primary residence
  • Correct ownership mistakes
  • Correct errors in the annual co-op benefit letter sent by DOF

Online

Before submitting the form, you should:

  • Include the co-op or condo unit number in the message
  • Include the signed and scanned Attestation (Section A)
  • Make sure the file is password protected due to its sensitive information
  • Send a second message with the co-op number and the password in the body of the message

Renew and report changes.

By Mail

If you’re unable file online, you can download and print an application on DOF’s website or request a copy by mail from 311.

Mail to:

NYC Department of Finance
Co-op and Condo Abatement Unit
59 Maiden Lane, 24th Floor
New York, NY 10038

Call 311 or 212-NEW-YORK (212-639-9675) to request a paper copy.

2023-2024 Tax Year

The deadline for building managers and boards to apply for or renew the benefit is February 15, 2023. The deadline to submit the prevailing wage affidavit (for developments required to do so) is February 15, 2023.

  • Eligible buildings with applications postmarked on or before February 15, 2023 will start receiving their benefits on July 1, 2023.
  • Eligible buildings with applications postmarked after February 15, 2023 will start receiving their benefits on July 1, 2024.

2022-2023 Tax Year

The deadline for building managers and boards to apply for or renew the benefit was February 15, 2022. The deadline to submit the prevailing wage affidavit (for developments required to do so) was extended to October 1, 2022.

  • Eligible buildings with applications postmarked on or before February 15, 2022 will start receiving their benefits on July 1, 2022.
  • Eligible buildings with applications postmarked after February 15, 2022 will start receiving their benefits on July 1, 2023.

Phone and Virtual Assistance Appointments

Phone Appointments

You can schedule an appointment online for Property Tax Exemption application assistance over the phone.

You must select the Exemptions Virtual Appointments option and then in contact details notes request your appointment by phone.

Appointments can be scheduled for 2 to 30 days in advance.

You will be contacted by telephone at time of appointment.

Schedule an appointment.

Virtual Appointments

You can schedule a virtual appointment online for Property Tax Exemption application assistance.

Appointments can be scheduled for 2 to 30 days in advance.

You will be contacted by telephone at time of appointment.

Schedule an appointment.

In-Person Assistance by Appointment Only

The Manhattan and Queens Assistance Centers are open for in-person assistance. Customers can schedule an appointment anytime.

Manhattan DOF Business Center
66 John Street (between Dutch and William Streets)
New York, NY 10038
Monday to Friday, 8:30 AM to 4:30 PM

Learn more or schedule an appointment at the Manhattan Business Center.

Queens DOF Business Center
144-06 94th Avenue (between Liverpool Street and Sutphin Boulevard)
Jamaica, NY 11435
Tuesday and Thursday, 8:30 AM to 4:30 PM

Learn more or schedule an appointment at the Queens Business Center.

Staten Island DOF Business Center
350 St. Marks Place, 4th Floor (between Hyatt Street and Victory Boulevard)
Staten Island, NY 10301
Wednesday, 8:30 AM to 4:30 PM (from November 16, 2022 through March 29, 2023)

Learn more or schedule an appointment at the Staten Island Business Center.

Co-Op Owners

If you own a co-op, your co-op’s managing agent, or board of directors gets the property tax bill for the entire building. You can contact them for payment and exemption information for your apartment.

You can contact the Department of Finance to request a printout with exemption and abatement information for your apartment.

Contact DOF.

Condo Owners

If you own a condo, you can check your property tax account online to see the exemptions and abatements in effect for your unit.

Get property tax benefit information.

Call 311 or 212-NEW-YORK (212-639-9675) if you need more help.

Managing Agents and Boards

If you are a board member or managing agent of a co-op building, you can check your property tax bill online to see the total dollar amount of the property exemptions and abatements in effect for your building.

View your property tax bill and account information.

Each December, the Department of Finance (DOF) will mail you a co-op tax benefit breakdown letter for the fiscal year. The letter provides a summary of the number of unit owners receiving each exemption or abatement and the combined tax benefit received for the building. It also includes a detailed report about the exemptions and abatements for each unit and the value of those benefits. Instructions for updating or correcting this information are included with the letter.

If any changes to tax benefits are made during the fiscal year, a quarterly letter containing the updated tax benefit information for each owner is sent to the board or managing agent. Owners with benefit changes are highlighted in the letter with an asterisk. If there aren't any changes to the tax benefits during the fiscal year, you’ll only get the annual, building-wide tax benefit breakdown letter in December.

Learn more about the property tax benefit breakdown.

Co-Op and condo unit owners may receive a notice from Department of Finance (DOF) asking you to certify that the unit is your primary residence or to provide more information regarding primary residency. Make sure you certify your eligibility by the deadline provided in the notice to avoid a disruption in your benefit.

Online

You can submit your proof of primary residence to DOF online. You will need to upload one of the following documents:

  • Your driver's license or state-issued photo identification
  • The first page of your federal or state tax return
  • Your 1099 tax statement
  • Your voter registration card
  • Your ID NYC card

If you do not have an account you will need to create an account and log in.

Submit proof of primary residence using DOF's SmartFile online application system.

In Person

You can make an appointment to submit your proof of primary residence in person at the Manhattan Assistance Center.

Schedule an appointment.

You must file a prevailing wage affidavit if your property has

  • 30 or more residential units and an average assessed value of more than $60,000 OR
  • has less than 30 residential units and an average unit assessed value of more than $100,000.

The prevailing wage affidavit certifies that all building service employees currently employed or to be employed at the property receive the applicable wage for the duration of the property’s tax abatement. The affidavit is available online and should be uploaded with your co-op and condo property tax abatement application, using the Co-Op/Condo Abatement Portal.

Failure to file the affidavit will result in the entire building being ineligible to receive the abatement.  Prevailing wage is enforced by the City Comptroller. If you file an affidavit but are found to not have paid the proper prevailing wage the building could be subject to civil penalties and may be ineligible to receive the abatement.  

Learn more about prevailing wages.

Find a preliminary list of buildings required to file an affidavit.

Even if an owner is eligible for the abatement, that owner must have purchased the apartment on or before January 5 to be credited with the abatement starting the following July.

Eligible owners will be credited with the abatement starting July 1 if:

  • They purchased their co-op or condo on or before January 5, OR
  • The board submitted their names by the February 15th deadline.

Eligibility for the co-op and condo abatement is based on the unit's status on January 5th. If a co-op or condo property was recently purchased after the taxable status date of January 5, the abatement will remain on the property until the current tax year ends.

For example, for a unit purchased on February 15 and used as a primary residence, the new owner will not receive the abatement until the following tax year, starting July 1, if the prior owner was not using the unit as a primary residence on January 5.

The change in ownership must be recorded with the City. The co-op board, managing agent, or condo association is responsible for providing the Department of Finance with the new owner information.

If you live in a building that doesn’t have a board, managing, agent, or association, or if your building doesn’t get the annual co-op/condo breakdown letter, contact the Department of Finance for assistance.

Contact DOF.

You can get answers to questions about the Co-Op and Condo Abatement and help with:

  • Applications and filing
  • Renewing and reporting
  • Abatement denials and revocations

Online

Contact DOF.

By Phone

Call 311 or 212-NEW-YORK (212-639-9675) for assistance.

By Mail

Mail to:

NYC Department of Finance
Co-op and Condo Abatement Unit
59 Maiden Lane, 24th Floor
New York, NY 10038

By Fax

(212) 232-2434

Need more help?

If you have already contacted the Department of Finance about an issue and were unable to resolve it, visit the Taxpayer Advocate page to learn how to get help.

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