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.|
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).