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
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