Tax Abatement Respond Letter for 421A??

I would fill it out. I think the City is trying to establish a comprehensive database of who has what type of tax abatement.

Here's recent NY Times article on tax abatements:
http://www.nytimes.com/2013/03/26/realestate/tax-abatement-changes-affect-many-unit-owners.html?ref=realestate

Here's a SE discussion regarding a letter sent to coop/condo owners to prove primary residency:
http://streeteasy.com/nyc/talk/discussion/34260-nyc-finance-letter-with-nj-address

This issue of primary residence and tax abatement does NOT apply to 421a new construction tax abatements already in place. Is that correct?

Your management company has the wrong information and should not have sent that letter if your building/the units qualify under the 421A exemption program. And here's why: Abatements operate by applying credits against taxes as opposed to exemptions that jimmy with the building/unit's asessed values for a length of time....although repeatedly described incorrectly, the 421A is an exemption program not an abatement program. The changes in the law currently affect only the abatement programs and not any exemption programs....

"Exemptions
Exemptions lower the amount of tax you owe by reducing your property's assessed value.

Abatements
Abatements reduce your taxes by applying credits to the amount of taxes you owe."

see this link for info http://www.nyc.gov/html/dof/html/property/exemptions.shtml

also go here https://a836-propertyportal.nyc.gov/Default.aspx and type in your address. it will confirm whether you fall under the 421A exemption program or one of the other abatement programs.

thanks all...

condopresident my thoughts exactly.. should I not even bother filling out since Im definitely 421a? thanks

i wouldn't fill it out and I'd educate the management company then send them an invoice for your time that you did their work for them.