$75 million in New York City property tax breaks is up for grabs

$75 million in New York City property tax breaks is up for grabs

A deadline is fast approaching for a state property tax abatement worth about $300 per household. But just 53% of city households that got the STAR break last year have signed up to get it again, according to the Independent Budget Office.

 

New York City homeowners had better catch up on their paperwork — or they’ll risk losing $75 million in tax breaks, a new report warned Monday.
A Dec. 31 deadline is looming for a state property tax abatement that’s worth about $300 per household to owners of single-family homes, condos and co-ops.
But only about 53% of city households that got the STAR break last year have signed up so far, according to the Independent Budget Office
Source:http://www.nydailynews.com/