The property tax abatement for home owners in NYC cooperatives and condominiums is due to sunset on June 30, 2012 Since the City had failed to offer any ‘long term plan for property tax fairness by February 2011’ as mandated in the 2008 legislation, Assembly Speaker Sheldon Silver and State Senator Martin Golden had introduced...
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Assembly Speaker Sheldon Silver has introduced A.10071 to extend the property tax abatement for home owners in New York City cooperatives and condominiums to June 30, 2016. Senator Martin Golden has introduced necessary companion legislation– S. 7091 in the State Senate. For the abatement program to be continued seamlessly into...
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Audits Find DOF Failed to Warn Homeowners and Ignored Errors Made By Multi-Million Dollar, Over-Budget Computer System NEW YORK, NY – Comptroller John C. Liu today announced that numerous homeowners were subjected to unexpectedly high property assessments at a time when home prices were stagnant because the Department of Finance...
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1. Date for Penalties: While compliance with Local Law 84, Benchmarking, was due on May 1, 2011, the City will accept the 2010 Benchmarking Compliance Report up to December 31, 2011 without the issuance of a penalty. 2. Warning Letter: A warning letter was sent to all buildings that did not comply by August 1, 2011. If you received...
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Starting in July 2012 the City of New York will not be renewing any triennial number 6 permits when they are due for renew. The City would like those buildings to switch to natural gas. In an effort to encourage this switch, the City has accumulated a list of 500 buildings that, at very little cost or no cost to the utility, can...
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