Has an unexpected event or hardship made it difficult for you to pay your property taxes? You may be eligible for a new program from the NYC Department of Finance.
If you qualify for the Property Tax and Interest Deferral Program (PT AID), you can defer your property tax payments, or pay only a small percentage of your income, so that you can remain in your home.
• The payment of property taxes can be deferred for a fixed length of time for a temporary hardship, or for a longer period due to a chronic hardship.
• The amount you can defer paying is limited to a maximum of 25% of the equity you have in your one-, two-, or three-family home, or up to 50% of the equity of your condominium unit.
• Unpaid debt continues to accrue interest (currently 7%).
• There are three payment plan options: the Low-Income Senior (LIS), Fixed-Term Income-Based (FTI), and Extenuating Circumstances Income-Based (ECI) payment agreements.
For more information on the PT AID Program, visit https://www1.nyc.gov/site/finance/taxes/pt-aid.page.
MEET WITH A DEPT. OF FINANCE REP ON SAT., MARCH 16. Representatives from the Dept. of Finance will be at our Housing Resource Fair on Saturday, March 16, 2019, from 10am to 3pm at the Clarendon Road Church, 3304 Clarendon Road, Brooklyn, NY 11203. Find out if you're eligible for PT AID and make sure you're getting all the exemptions you're entitled to that can lower your property taxes. For more info and to RSVP for the event visit, www.tinyurl.com/y9ecnl8a