This program provides a property tax exemption for senior citizens who own one, two, or three family homes, condominiums, or cooperative apartments.
Note: You cannot receive both SCHE and DHE (Disabled Homeowners' Exemption). If you qualify for both, we will only grant SCHE.
The table below helps you estimate how much your assessed value might be reduced by.
|If the Owners' Income Is Between||(SCHE) Can Reduce The Assessed Value By|
|$36,500 and $37,399||5%|
|$35,600 and $36,499||10%|
|$34,700 and $35,599||15%|
|$33,800 and $34,699||20%|
|$32,900 and $33,799||25%|
|$32,000 and $32,899||30%|
|$31,000 and $31,999||35%|
|$30,000 and $30,999||40%|
|$29,001 and $29,999||45%|
|$0 and $29,000||50%|
Your Homeowner Tax Benefits Application and all required documents must be postmarked by March 15 (or the next business day if March 15 is on a weekend) for your exemption to begin on July 1 in the same year.
Please note that if you are a senior citizen who currently receives SCHE on your home and you sell your current New York City property and purchase a new one in the City after the filing deadline has passed, you can have your SCHE benefit moved to your new property by submitting an application within 30 days of the purchase of your new property.
Note for Property Owners: You may also be eligible to receive the following exemptions: Clergy, Disabled Homeowners, and Veterans. Read More
Is it time to renew your Senior Citizen Homeowners’ Exemption? The law requires seniors who receive this property-tax exemption to renew it every two years to continue receiving it.
If you have received a letter from the Department of Finance, it is time to renew your benefit. To renew, please complete the pre-populated application mailed to you and send it with the required documents to the address below. If you did not receive a renewal application or just need another one, click here. For more information, please see the Frequently Asked Questions (FAQs).
NYC Dept. of Finance
P.O. Box 311
Maplewood, N.J. 07040-0311
If you have any questions, please email firstname.lastname@example.org, or call 311. PLEASE NOTE: If you require a disability or medically related accommodation in order to apply for and receive a service or participate in a program offered by the Department of Finance, we invite you to contact the Disability Services Facilitator through 311.
Need Help? Contact 311 or Email Us.