Property-Tax Abatement Extended
Post-Issue Update: June 17, 2008 — New York State Governor David Paterson has signed a four-year extension to the New York City property-tax abatement program for city coops and condos. The legislation, introduced by Assembly Speaker Sheldon Silver and State Senator Frank Padavan, allows the Department of Finance to include the abatement in its property-tax bills for the 2009 fiscal year, which begins July 1, 2008.
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The legislation was signed into law on June 11. You can read the law's specifics, and download all necessary forms, at this Department of Finance Cooperative and Condominium Abatement page.
Ignore the part that says "Deadlines: If the program is extended again in 2008, a new application period and deadline will be announced." Clearly, the Finance Department web editor doesn't move as fast as we do.
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