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Information on the Co-op Tax Benefits Letter

We send each cooperative board or managing agent an annual letter outlining each unit’s tax savings for personal exemptions and the co-op property tax abatement. The letter lists owners who we believe will continue to qualify for the co-op/condo abatement. 

This year, the abatement amounts show what was received before the law was amended. We will send co-op boards or managing agents another tax benefits letter with the final abatement amounts in June for the 2012/13 tax year.

For more information read about the Cooperative and Condominium Tax Abatement.

Requirement for Co-ops to Notify Finance About Changes
Co-op boards were legally required to report changes or discrepancies in ownership to Finance before April 12, 2013 for the upcoming tax bill. Changes should have been reported using the Co-op Tax Benefit Change Form.

Instructions: The application is available as an Excel (.xls) spreadsheet. Please follow these steps:

  1. Open Microsoft Excel before you open the application spreadsheet.
  2. Click on the application spreadsheet and choose "Open" Note: If a security warning pops up choose Enable Macros and continue.
  3. Print out and complete Section A: Attestation.
  4. Complete all unit updates in Section B: Updates tab of the file and save.  All updates must be as of January 5, 2012.
  5. Save the spreadsheet to a familiar location on your computer.
  6. Copy your completed spreadsheet onto a blank CD or print the spreadsheet.
  7. Mail the attestation page with your CD or printed spreadsheet to:
  • New York City Department of Finance
    Personal Exemptions - Co-Op/Condo Unit
    59 Maiden Lane, 24th Floor
    New York, NY 10038

Excel Spreadsheet


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Note for Property Owners:
 You may also be eligible to receive the following personal exemptions: Basic or Enhanced School Tax Relief (STAR), Disabled Homeowner, Senior Citizen Homeowner and Veterans. The application for these exemptions must be postmarked by March 15. If you own a co-op, contact your management company to find out what exemptions you are receiving in in the current tax year (July to June). Call before March so that you will still have time to apply for benefits in the next tax year. If you own a condo, you can find your current exemptions on your Property Tax Bill.