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Once approved you must complete and submit the department of finance's j-51 property tax exemption and abatement application. You must include the certificate of eligibility from hpd with Γ’β¬Β¦ For complete details regarding the j-51 r tax benefit program, please visit nyc. gov/hpd and search j-51 reform.
On december 18, 2024, the new j-51 property tax abatement program bill was signed into law. This j-51 program provides potential property tax savings for eligible buildings in new york city that meet Γ’β¬Β¦ Real property tax law Β§ 489 (21) and new york city administrative code Β§ 11-243. 2 have established the j-51 reform tax incentive program (Γ’β¬Εj-51 r programΓ’β¬Β), which offers an as-of-right real property Γ’β¬Β¦
