Property Tax Exemption for Non Profits

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Finance, Department of City
Organizations can qualify for a full or partial property tax reduction if they use the property for specific not for profit purposes.

Eligibility
The legal title for the property must be in the name of the Not-For-Profit organization. Federal Not-For-Profit Status (501 c 3) does not automatically qualify you for NYC Not-For-Profit Property Tax Exemption. The property's use must meet the requirements specified in Sections § 420-a, § 420-b, § 446, and § 462 of the NYS Real Property Tax Law.

§ 420-a

§ 420-b

§ 446

§ 462

Charitable, Educational, Hospital, Moral or mental health of men, women or children, Religious

Benevolent, Bible, Enforcement of Law relating to children or animals, Historical, Infirmary, Library, Missionary, Patriotic, Public Playground, Scientific, Supervised Youth Sportsmanship or Tract

Cemetery

Parsonage or Manse


Partial Exemption
Exemptions are given for the part of the property that is used for an eligible purpose. Portions of the property used for commercial purposes or leased to private entities will not receive an exemption. If another Not-For-Profit organization leases the property, you may still qualify as long as the owner does not earn a profit on the lease and it is used for eligible purposes.

Vacant land/Buildings
Vacant land and/or buildings may be eligible for the Not-For-Profit exemption if you have active plans and documentation to show that it will be used in the near future for one of the approved purposes listed above. This is a “Contemplated Use Exemption.” If you have a Contemplated Use Exemption you must file a Not-For- Profit Organization's Tax Exemption Application once work is completed or you may lose your property tax exemption.

Next: Apply

NYC Department of Finance (DOF)
Property Tax Exemption Unit
66 John Street
New York, NY 10038
For further assistance, please call 311 and ask for: Tax Exemption for Non Profit Organizations
Website: http://www.nyc.gov/html/dof/html/home/home.shtml

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