Reinstatement of Benefits
Finance (via City rules) prescribes strict reporting requirements for most properties receiving various tax exemption and abatement benefits. Non-compliance may lead to diminution, suspension and even revocation of such benefits. If you believe that the City has wrongly deprived your property of a tax exemption or abatement, MGNY can help you contest the determination by filing the necessary applications to the Tax Commission and Finance Department, and therefore ensure that the benefits remain intact. If any City Commissioner intends to revoke tax benefits, note that there are procedural safeguards that allow the property owner to effectively contest the City’s determination.