abatements for individual owners
We closed on a coop last month. At the end of the closing the management company’s closing agent gave us the following info from the NYC Dept of Finance re: tax reductions for individual owners: http://www.nyc.gov/html/dof/html/property/property_tax_reduc_individual.shtml. The site suggests that at least some of these benefits are available to coop owners regardless of income of age, and regardless of the coop’s current tax abatement status. I went ahead and sent in the application figuring it wouldn’t hurt to apply. Do any other coop owners have experience applying for these abatement programs? Did you see any kind of reduction in your maintenance from your management company, and if so how much? Thanks in advance for any guidance!
