New York City Cooperative and Condominium Property Tax Abatement
Up to 28.1% off the property tax on the NYC co-op or condo you call home, every year
The abatement cuts the tax on an eligible unit by 17.5% to 28.1%, keyed to the building’s average unit assessed value. Type your building’s address, answer three questions, and see the tier, the estimated dollars, and anything in the public record that stands in the way.
Board filings are due by February 15 each year; the abatement is authorized through June 30, 2027.
The building's address, not your apartment number. Suggestions come from NYC Planning's address service. Nothing you type here is stored.
NYC property tax specialists since 2008.
Own a co-op or condo unit in New York City? Here is what the abatement is worth, who qualifies, how the filing runs through your board, and the one deadline that repeats every February.
- 17.5% to 28.1%
- of the property tax on an eligible unit is abated, every year, keyed to the building's average unit assessed valueRPTL 467-a(2)(d-1) through (d-4)
- February 15
- is the annual deadline for the board's application or renewal; individual owners cannot file on their ownRPTL 467-a(3)(a)-(b)
- June 30, 2027
- is how far the current law authorizes the abatement. Albany has renewed it repeatedly since 1996, and filing now protects the years it covers
Read the detail
Four guides covering what the abatement does, who qualifies for it, how the filing runs, and the questions unit owners ask most. Every rule in them comes from the statute or the city’s own guidance.
- What does the co-op and condo abatement actually do?A 17.5 to 28.1 percent cut in the tax on your unit, how the percentage is chosen, and the annual filing that keeps it.
- Who qualifies for the co-op and condo abatement?The tests that decide most units: the building's class, your primary residence, how many units you own, and how you own them.
- How MGNY handles the abatement filingFrom the building review through the board's application, the unit certifications, and the renewal that must never be missed.
- Questions unit owners are askingStraight answers on what the abatement is worth, LLC-owned units, other exemptions, the prevailing wage affidavit, and new purchases.
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The filing is your board’s. The benefit is yours. Make sure it is not being left on the table.
Every February the board or managing agent files the application and renewal that carry the whole building’s abatement, and units fall out of it quietly: a purchase after the taxable status date, a missed residence certification, an ownership change nobody reported. One call is enough to confirm your unit is in, or to get a building that has never filed into the program.