NYC Condo Tax abatement for non-owner occupied condos (condominium, co-op)

[lylecooper]

I own a condo in nyc that I've rented out since 2018. I noticed my July 2023 property tax bill jumped 25% and it's because the abatement was removed. The abatement was removed for all unit owners of the building regardless if it was their primary residence status.

I inquired with my building manager and he relayed the abatement was for units which were primary residences only. Now a case is opened with NYC Tax.

Will NYC try to claw back the taxes from when I originally rented the unit out? Is there anything I can do to prevent that?

[mathjak107]

it must be your primary residence in order to get it .

it sounds like your board was giving it to you when they should not have been . this law is nothing new .





The co-op or condo unit must be the owner's primary residence. Co-op shareholders and condo unit owners: Please tell your board or managing agent if the unit is your primary residence so that you can receive the abatement.
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.
Property must be classified as a tax class 2 property.
Properties that are part of the Urban Development Action Area Program (UDAAP) cannot receive the abatement.


https://realestate-report.com/blog/u...-tax-abatement

[lylecooper]

Originally Posted by mathjak107

it must be your primary residence in order to get it .

it sounds like your board was giving it to you when they should not have been . this law is nothing new .

Thanks mathjak107.