How to find out post-abatement taxes?
Started by dempsey123
almost 12 years ago
Posts: 11
Member since: Dec 2007
Discussion about
Besides inquiring with the listing agent, is there another way to find out a unit's post-abatement taxes? Is there some sort of Acris-type site that would list this? Any leads much appreciated.
Check the current statement at http://www.nyc.gov/html/dof/html/property/property_bill_soa.shtml#
That'll tell you what the city projects the RE taxes will be when the abatement ends.
Term, etc., of the abatement are at a different site: https://a836-propertyportal.nyc.gov/
If it is a resale with a tax abatement - look up the unit in the department of finance, check the quarterly tax record and at the bottom it will tell you the present day un-abted tax amount. Divide by 12 and you have what the taxes would be present without current abatement.
For any primary home after 421A or J51 ends you can get the coop / condo abatement - 17.5%
For a new development (one that has not sold/closed) you will need to look at the offering plan.
Acris, you can get the Condo Declaration and Schedule B - which is filed before the offering plan. There is no tax info in it but you can get other useful info. The condo declaration is folded into the offering plan when that is drafted.
I use this website to find out what current non-abated taxes are for my clients that do NOT qualify for them.
http://webapps.nyc.gov:8084/CICS/fin1/find001i
clients who do not qualify for abatements??--pls explain