Senior Citizen Homeowners' Exemption (SCHE)

A property tax break for seniors who own one-, two-, or three-family homes, condominiums, or cooperative apartments.

Thanks to changes in city and state law, the DHE and SCHE (Senior Citizen Homeowners' Exemption) tax breaks are now available to homeowners with a combined annual income of $58,399 or less.
 

If the Department of Finance sent you a letter in September 2017 notifying you that you were approved for the exemption retroactively to July 1, 2017, a credit will be applied to your account. Some property owners did not receive the exemption on their January 2018 tax bill. Records are still being updated, and you will still receive the credit/exemption for the entire 2017/2018 tax year on a future bill.

How to Apply for Your 2018-19 SCHE Benefit

Applying for the first time
If you are not currently receiving the SCHE tax break, submit the Senior Citizen Homeowners' Exemption (SCHE) Initial Application to apply. The Department of Finance must receive your application by March 15, 2018.  If you qualify, the benefit will be added to your account beginning July 1, 2018. (For a paper application, call 311 or visit a DOF Business Center.)

 

  • Age: You must be 65 or older by December 31, 2018. If you own your property with a spouse or sibling, only one of you needs to meet the age requirement.
  • Income: The combined annual income of the property owner and spouse or co-owner cannot exceed $58,399. Income includes, but is not limited to, Social Security, retirement benefits, interest, dividends, IRA earnings, capital gains, net rental income, salary or wages, and net income from self-employment.
  • Ownership: You must own the property for at least 12 consecutive months prior to the date of filing for the exemption, unless you received the exemption on your previously-owned residence.
  • Residency: All owners must occupy the property as their primary residence except in cases of divorce, legal separation, or abandonment. Owners receiving in-patient care at a residential health care facility may be eligible for the exemption. In any of these circumstances, the only person who can live at the property is the spouse or co-owner.

Note: You cannot receive both SCHE and DHE (Disabled Homeowners' Exemption). If you qualify for both, you will receive SCHE.

 

If your income is between
SCHE can reduce your home's assessed value by
$57,500 and $58,399 5%
$56,600 and $57,499 10%
$55,700 and $56,599 15%
$54,800 and $55,699 20%
$53,900 and $54,799 25%
$53,000 and $53,899 30%
$52,000 and $52,999 35%
$51,000 and $51,999 40%
$50,001 and $50,999 45%
$0 and $50,000 50%

You must renew your Senior Citizen Homeowners' Exemption every two years in order to continue receiving it. You will receive a notice from the Department of Finance when it is time to file your renewal application. For more information, please see the Renewals FAQ.

The Department of Finance must receive your application by March 15, 2018. If you qualify, the benefit will be added to your account beginning July 1, 2018.

Visit the Ways to Save page to learn about other tax breaks for which you might be eligible.

If you wish to remove a previously granted exemption, you may complete the Application to Remove Previously Granted Exemption(s).


Need Help? Contact 311 or  Email Us.