Senior Citizen Homeowners' Exemption Initial Application - New York City (Korean)

This is a legal document that was released by the New York City Department of Finance - a government authority operating within New York City.

The document is provided in Korean.

FAQ

Q: What is the Senior Citizen Homeowners' Exemption?A: It is a program in New York City that provides property tax relief to eligible senior citizens.

Q: Who is eligible for the Senior Citizen Homeowners' Exemption?A: Senior citizens who own and occupy their primary residence in New York City may be eligible.

Q: Is there an income limit for the Senior Citizen Homeowners' Exemption?A: Yes, there is an income limit. Eligibility is based on both age and income.

Q: What documents do I need to submit with the application?A: You will need to provide proof of age, residency, and income, as well as other supporting documents.

Q: What if I miss the application deadline?A: If you miss the deadline, you may still be able to apply for future tax years, but you may not receive the exemption for the current year.

Q: How much property tax relief does the exemption provide?A: The exemption can reduce the assessed value of your property by a certain percentage, which can result in lower property taxes.

Q: Can I transfer the exemption to a new property?A: In most cases, the exemption cannot be transferred to a new property. You will need to apply for the exemption again if you move.