Property Tax Exemptions and Abatements incentive calculations are an important part of the financial analysis of a new construction or a rehabilitation development for the residential, commercial or mixed-use projects.
We offer advisory services to make the most effective use of the continuing tax benefits available in the New York real estate market for residential, commercial, hotel, and mixed use projects.
Financial analysis and tracking of tax exemption and abatement incentives made easy with comprehensive reporting and case management. To schedule a property tax projection meeting or to find out whats happening check out our latest news.
100% approval rate of the 421-a(16) tax exemption applications
Over 500 affordable units created
More than 77 Million dollars saved in taxes under the 421-a(16) Tax Exemption
19.6% increase in square footage area through the Voluntary Inclusionary Housing Program
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Find answers to commonly asked questions below
A 421-a(16) workbook compiles the information needed to determine whether the requisite percentage of the dwelling units in the rental projects meets affordability options A, B, C, E, F or G in accordance with the provisions set forth in the Real Property Tax Law Section 421-a (16) and Chapter 51 title 28 of the Rules of the City of New York.
At least 9 months prior to anticipated construction completion