421-A TAX ABATEMENT

The NYC Department of Housing Preservation and Development (HPD) determines your eligibility and approves your application.

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Your property may qualify for a property tax exemption if your property value changed because you did construction on a multi-family residential building. The benefits vary based on:

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• Location;

• Property use; and

• Requirements for affordable housing.

 

We have assisted clients in applying and have successfully obtained the 421-a Tax Abatement throughout the years.