Senior Citizen Homeowners' Exemption Initial Application - New York City

Senior Citizen Homeowners' Exemption Initial Application 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 the Senior Citizen Homeowners' Exemption?A: The Senior Citizen Homeowners' Exemption is a property tax exemption program for senior citizens in New York City.

Q: Who is eligible for the Senior Citizen Homeowners' Exemption?A: To be eligible, you must be at least 65 years old, own the property as your primary residence, and meet certain income requirements.

Q: How can I apply for the Senior Citizen Homeowners' Exemption?A: You can apply by submitting the Initial Application for the Senior Citizen Homeowners' Exemption to the New York City Department of Finance.

Q: What documents do I need to include with the application?A: You will need to provide proof of age, proof of ownership, proof of residency, and documentation of your income.

Q: How much of a property tax exemption can I receive?A: The exemption amount varies depending on your income, the assessed value of your property, and the tax rate in your area.

Q: Do I need to renew the Senior Citizen Homeowners' Exemption?A: Yes, you will need to renew the exemption every two years. The Department of Finance will send you a renewal application.

Q: Can I transfer the Senior Citizen Homeowners' Exemption to a new property?A: Yes, you can transfer the exemption to a new primary residence if you meet certain criteria. You will need to submit the Transfer of Exemption and/or Enhanced School Tax Relief Application.

Q: What if I need assistance with the application process?A: You can contact the Department of Finance with any questions or visit a local Borough Office for assistance.