Co-op Abatement

Shareholders of cooperatives who meet the requirements for the Cooperative and Condominium 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.

Requirements:

• The co-op must be the owner's primary residence.
• You must have purchased the unit on or before January 5 to qualify for the abatement for the upcoming tax year. If the unit was purchased after January 5, you can apply for the next tax year
• Co-op or condo owners cannot own more than three residential units in any one development and one of the units must be the owner’s primary residence.
• Units owned by a business (LLC) are not eligible.
• Units held by sponsors or their successors in interest are not eligible.
• Units owned by a trust are eligible only if the unit is the primary residence of all of the beneficiaries of the trust, trustee, or life estate holder.

If you believe that you qualify and wish to continue to receive the Cooperative and Condominium Property Tax Abatement you must complete the Primary Residency Verification application.

Please click the “Begin Filing” button below.