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Eligibility requirements All owners of the property must be 65 or older, unless the owners are spouses or siblings. If you own the property with a spouse or sibling, only one of you must meet this age requirement. The total combined annual income of the property owner and spouse or co-owner cannot exceed $58,399.
This information can be accessed through the Division of Assessment, Recording and Taxations Public Research Room. Online information can be found through their two online databases: MultCoPropTax and MultCoRecords. You can also find basic property information, including ownership information, through Portland Maps .
Call 311 or 212-NEW-YORK (212-639-9675) to request a copy.
We use a statistical model as a tool to find typical income and expenses for properties similar to yours in terms of size, location, number of units, and age. Then we apply a formula to the income data to get to your market value.
Property owners Log in to your Individual Online Services account or create one. Select the Services menu in the upper-left corner of your screen, then choose Real property tax. From the expanded menu, select Homeowner Benefit Portal.
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(b) Class 2: Residential Property means property described generally as a dwelling house and the lot or parcel of land on which the dwelling house is situated. The dwelling is functionally designed for use and enjoyment by not more than four families and includes residential condominiums.
Property tax in New York is a local tax thats based on the value of your home, which is assessed by the state. The average rate is 1.4 percent of the assessed value of your home, ing to 2021 data from the Tax Foundation. Note that property taxes vary widely by county and municipality across the state.
To pay your LPT, you will need your Property ID and PIN, which you can find on any LPT correspondence you have received from Revenue. If you do not have your Property ID and PIN, you can use the LPT online service to request them.

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