Property Tax Payment Agreement Request - New York City

Property Tax Payment Agreement Request is a legal document that was released by the New York City Department of Finance - a government authority operating within New York City.

FAQ

Q: What is a Property Tax Payment Agreement?A: A Property Tax Payment Agreement is an arrangement made between a taxpayer and the local government to pay property taxes in installments.

Q: Who is eligible for a Property Tax Payment Agreement in New York City?A: Property owners in New York City who are facing financial hardship and struggling to pay their property taxes may be eligible for a payment agreement.

Q: What are the benefits of a Property Tax Payment Agreement?A: A Property Tax Payment Agreement allows property owners to avoid significant penalties and interest charges on overdue taxes, and it provides them with a manageable way to pay their property tax debt.

Q: Can I negotiate the terms of a Property Tax Payment Agreement?A: The terms of a Property Tax Payment Agreement are generally determined by the local government, but it may be possible to negotiate certain aspects of the agreement in some cases.

Q: What happens if I default on a Property Tax Payment Agreement?A: If you default on a Property Tax Payment Agreement, the local government may take legal action to recover the unpaid taxes, and you could face additional penalties and interest charges.

Q: Is there a fee to request a Property Tax Payment Agreement?A: There may be a fee associated with requesting a Property Tax Payment Agreement. Contact the NYC Department of Finance for more information on any applicable fees.

Q: Can I apply for a Property Tax Payment Agreement if I have outstanding property tax debt?A: Yes, you can still apply for a Property Tax Payment Agreement even if you have outstanding property tax debt. However, it's important to address any existing debt as part of your application.

Q: What documents do I need to provide when applying for a Property Tax Payment Agreement?A: When applying for a Property Tax Payment Agreement, you may need to provide documents such as proof of income, property ownership, and financial hardship.

Q: Can a Property Tax Payment Agreement be used to pay off other types of debt?A: No, a Property Tax Payment Agreement is specifically for paying property taxes and cannot be used to pay off other types of debt.