Home
Forms Library
IGR 2002-207 APPLICATIONS FOR APPROVAL OF TAX ABATEMENTS FOR AFFORDABLE HOUSING DEVELOPERS

IGR 2002-207 APPLICATIONS FOR APPROVAL OF TAX ABATEMENTS FOR AFFORDABLE HOUSING DEVELOPERS-2025

IGR 2002-207 APPLICATIONS FOR APPROVAL OF TAX ABATEMENTS FOR AFFORDABLE HOUSING DEVELOPERS Preview on Page 1

Show details

4 out of 5

24 votes

The document is an Informational Guideline Release (IGR) No. 02-207 from the Property Tax Bureau, issued in August 2002, detailing the standards and procedures for approving tax abatements for developers of affordable housing under G.L. Ch. 58 §8C. It outlines the requirements for tax agreements, eligibility criteria for developers, application processes, and guidelines for municipalities to follow when negotiating and approving these abatements to promote affordable housing development.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

How to modify IGR 2002-207 APPLICATIONS FOR APPROVAL OF TAX ABATEMENTS FOR AFFORDABLE HOUSING DEVELOPERS in PDF format online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Adjusting documents with our extensive and intuitive PDF editor is easy. Adhere to the instructions below to complete IGR 2002-207 APPLICATIONS FOR APPROVAL OF TAX ABATEMENTS FOR AFFORDABLE HOUSING DEVELOPERS online quickly and easily:

Log in to your account. Log in with your email and password or create a free account to test the service prior to choosing the subscription.
Upload a form. Drag and drop the file from your device or add it from other services, like Google Drive, OneDrive, Dropbox, or an external link.
Edit IGR 2002-207 APPLICATIONS FOR APPROVAL OF TAX ABATEMENTS FOR AFFORDABLE HOUSING DEVELOPERS. Effortlessly add and highlight text, insert images, checkmarks, and symbols, drop new fillable areas, and rearrange or delete pages from your document.
Get the IGR 2002-207 APPLICATIONS FOR APPROVAL OF TAX ABATEMENTS FOR AFFORDABLE HOUSING DEVELOPERS accomplished. Download your modified document, export it to the cloud, print it from the editor, or share it with other participants using a Shareable link or as an email attachment.

Make the most of DocHub, the most straightforward editor to promptly manage your paperwork online!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

How does NYC property tax abatement work?

Abatements reduce your taxes after theyve been calculated by applying dollar credits to the amount of taxes owed. Building management, boards of directors, or other official representatives like managing agents must apply for the co-op or condo abatement on behalf of the eligible building units.

What is the 421 tax abatement in NYC?

If youre in the market for a condo or a co-op in New York City, you might have heard of a 421a tax abatement. This is essentially a tax exemption that lowers the property taxes for a period of time, typically 10 years or more.

How do I find my NYC 421a tax abatement?

Answer. The New York City Department of Finance maintains a list of properties with a 421a exemption, and the NYC Department of Housing Preservation Development (HPD) provides overviews of the rules and procedures associated with the program.

What is the 421a charge in NYC?

421-a tax abatement for 10 years - the phase-out surcharge collection of 2.2% begins in year 3, eight increases, total surcharge not to exceed 17.6%. 421-a tax abatement for 15 years - the phase-out surcharge collection of 2.2% begins in year 12, four increases, total surcharge not to exceed 8.8%.

What is the tax abatement program for real estate?

An abatement is a tax break offered by a state or municipality on certain types of real estate or business opportunities. A real estate tax abatement may reduce a homes property taxes for a period of time, or may grant tax breaks to businesses.

Who is eligible for property tax relief in NY?

Income eligibility Property owners with income less than $250,000: If your adjusted gross income as reported on your federal tax return (Line 11 for Form 1040) is less than $250,000, you will likely qualify for the rebate.

IGR 2002-207 APPLICATIONS FOR APPROVAL OF TAX ABATEMENTS FOR AFFORDABLE HOUSING DEVELOPERS-2025

Here's how it works