Coop and Condominium Exemptions and Abatements

With recent changes in the legislation regarding the tax abatement, non-primary residents will no longer qualify for the New York City tax abatement.  To ease the burden, the full abatement is being phased  out, providing non-primary residents with a 25% credit this year being the last year . If your bill reflects an abatement which is  significantly less than the assessment amount, you have been identified by the Department of Finance as a non-primary resident.

If you feel that you have been incorrectly identified and you have previously responded to a request to verify your residency status, please visit NYC.gov

( http://www.nyc.gov/html/dof/html/contact/contact_emailcoop.shtml )

You can also visit our website at http://centuryny.com/im-a-resident/where you can find additional information regarding the tax abatement program  along with frequently asked questions  and our primary resident affidavit form , which you may wish to complete affirming your residency.  Please locate these  items under “Resident Information and Forms”.

You can also find these forms and FAQ sheets  below:

 Primary affidavit form

NYC FAQ SHEET

NYC Frequently asked questions 

If you still require further explanation, please call 212-560-6432 . Please leave your name, phone number, resident ID and the nature of your call and we will get back to you within 2 business days.

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