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Caling board members: Property tax benefit letter questionFeb 05, 2021

This letter comes every December to managing agents. It lists the breakdown of the abatements and expansions amounts per eligible unit. - BUT does anyone know what the dates are for - EX the letter sent in Dec. 2019 - was it for the benefits to be given qualified apartments in the fiscal year 2019/2020? Or for the upcoming fiscal year 2020-2021?
Pls only answer if you know. Thanks./

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Property tax - Marty Feb 06, 2021

The letter we received in Dec 2019 was for 2019/2020. On top it says 2019/2020 CO-OP TAX BENEFITS.

Within the text of the letter itself, it states, "Enclosed is your Cooperative Abatement Report, which list each unit's exemptions and abatement benefits for tax year 2019/2020."

Hope this helps.

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> Join the conversation Comments (1)
Fantastic Marty! - DM Feb 08, 2021

Thanks very much. So then those amounts - on that letter, would have been credited to eligible shareholders in the spring of 2020/ or by end of June 2020?

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Property tax - Marty Feb 08, 2021

Yes.

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