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NYC residential property tax exemptions
The City of New York offers tax break down known as exemptions to seniors, veterans, clergy members, people with disabilities, and others.
Please visit the Property Tax Benefits page for the most up-to-date information about property tax exemptions.
An exemption is a type of tax break that reduces your property’s assessed value before your taxes have been calculated. Most exemptions are subtracted from the assessed value of your home, reducing your property’s taxes.
Finding the right exemption for you
Senior Citizen Homeowners' Exemption (SCHE)
Eligibility
Available to owners 65 or older with annual income of $58,399 or less
Benefit
Reduces assessed value by up to 50%
Deadline
March 15
Disabled Homeowners' Exemption (DHE)
Eligibility
Available to owners with disabilities and annual income of $58,399 or less
Benefit
Reduces assessed value by up to 50%
Deadline
March 15
Veterans Exemption
Eligibility
Available to certain owners who are veterans, spouses/widow(er)s of veterans, or Gold Star parents
Benefit
Level of benefit varies
To apply
Deadline
March 15
Clergy Exemption
Eligibility
Available to certain members of the clergy or their unremarried surviving spouses
Benefit
- Reduces assessed value of home by $1,500
- Tax savings: approximately $256/year
To apply
Deadline
March 15
Disabled Crime Victim and Good Samaritan Exemption
Eligibility
Available to crime victims and those injured trying to prevent crime or assist a victim. Civilians only. Owner must have modified home to accommodate disability.
Benefit
Compensation for cost of renovations to accommodate disability.
Deadline
March 15
Special information for STAR (School Tax Relief) and Enhanced STAR
The School Tax Relief (STAR) and Enhanced School Tax Relief (E-STAR) benefits offer property tax relief to eligible New York homeowners. STAR and E-STAR can be issued as a credit by the State of New York, or, in some cases, as a tax exemption by the City of New York.
While most property owners must apply to receive the credit from the state, some property owners can apply to receive STAR as a property tax exemption. Visit the School Tax Relief page for more information.
School Tax Relief (STAR)
Eligibility
Credit available to owners with annual income of $500,000 or less
If eligible for the exemption with DOF, available to owners of houses, co-cops, and condos with an annual income of $250,000 or less
Benefit
Tax savings: approximately $300/year
To apply
Visit www.tax.ny.gov or call (518) 457-2036 for the STAR credit. (If you currently receive the STAR exemption, you can apply for E-STAR with the Department of Finance: www.nyc.gov/star.)
Deadline
March 15 (to apply for STAR exemption with the Department of Finance)
Note: There is no deadline for STAR credit.
Enhanced School Tax Relief (E-STAR)
Eligibility
Available to owners 65 and older with annual income of $98,700 or less
Benefit
Tax savings: approximately $650/year
To apply
Visit www.tax.ny.gov or call (518) 457-2036. (If you currently receive STAR, you can apply for E-STAR with the Department of Finance: www.nyc.gov/star.)
Deadline
March 15 (to apply for E-STAR with the Department of Finance)