ABATEMENT EXTENDER SIGNED INTO LAW

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ABATEMENT EXTENDER SIGNED INTO LAW

On June 29, 2021, Governor Cuomo signed into law the bill introduced by Assembly Member Dan Quart and State Senator John Liu to extend through June 30, 2023 the property tax abatement program for qualifying home owners in housing cooperatives and condominiums in New York City, making it Chapter 184 of the Laws of 2021.

The Department of Finance had included these abatements on property tax bills mailed earlier this month and payable tomorrow, July 1st. 

CNYC thanks our lawmakers, the Governor and the Department of Finance for the important parts that they have played in ensuring the seamless continuation of the abatement program. We will provide further updates as more of the legislation passed by both legislative houses is sent to the Governor and signed into law.