NYC Co-op and Condo Tax Abatement Services

MGNY assists co-op and condominium boards and management companies with the annual co-op/condo property tax abatement for eligible units. During recertification, our online portal helps unit owners provide their information.

For a board or managing agent, the task is to bring the development’s filing and its unit-owner records together. Discuss your development’s application or renewal with MGNY.

Who applies for the abatement?

The board or authorized agent applies and renews on behalf of the development. Individual owners provide primary-residence information through that process. DOF lists February 15 as the usual annual filing deadline, moving to the next business day when it falls on a weekend or holiday. Check the current DOF program page for filing-season instructions and any announced change.

Eligibility starts with the development and the unit

A unit generally must be the owner’s primary residence, and the owner cannot own more than three residential units in the development. DOF also considers ownership form, purchase timing and other tax benefits. The development may have a prevailing-wage affidavit requirement. An expiring 421-a benefit is a reason to review eligibility, not an automatic qualification for this abatement.

The DOF eligibility requirements explain the full conditions and exceptions. Review those conditions for the relevant tax year before reporting a unit as eligible.

Prepare the annual filing records

• Development information: The address, tax identifiers and board or authorized-agent contact.
• Prior records: The most recent application, agency status report and correspondence.
• Unit changes: Purchases, ownership changes, residency changes and unit mergers to discuss against the filing-year instructions.
• Owner responses: Primary-residence information and any documents requested for the particular ownership arrangement.
• Other benefits: Current exemptions or abatements and their scheduled end dates.

Plan the recertification with your board or manager

MGNY’s service supports boards and managing agents with the annual benefit process, including an owner-information portal during recertification. Use the consultation to agree who will request owner responses, review changes, address unanswered questions and complete the development’s submission. Confirm what records the board or managing agent will retain after filing.

If a unit has been denied or its benefit revoked, the issue may require a dispute rather than a routine renewal. DOF provides separate denial and revocation guidance. You can also discuss the notice through MGNY’s benefit reinstatement service.

For a building approaching the end of an existing benefit, property tax planning and projections can be discussed alongside the next application. Read NYC tax abatements explained for program background.

Discuss your development’s next filing

Contact MGNY or call (212) 343-1111 with the development address and whether you are applying for the first time, renewing or responding to a notice.

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