Tax Breaks

Cooperative and Condominium Abatement

Overview

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The Cooperative and Condominium Abatement Program provides partial tax relief for condo owners and co-op tenant-shareholders to reduce the disparity in property tax paid between residential Class 2 properties (i.e., condominiums and cooperatives) and Class 1 properties (i.e., 1-, 2-, and 3-family homes) which are assessed at a lower percentage of market value.

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Veterans' Exemption

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A qualified veteran is one who served during one of the following periods of war or conflict:

  • Persian Gulf Conflict (beginning August 2, 1990)
  • Vietnam War (February 28, 1961 to May 7, 1975)
  • Korean War (June 27, 1950 to January 31, 1955)
  • World War II (December 7, 1941 to December 31, 1946)
  • World War I (April 6, 1917 to November 11, 1918)
  • Mexican Border Period (May 9, 1916 to April 5, 1917)
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STAR -- the New York State School Tax Relief Program

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STAR is a New York State tax relief program that lowers property taxes for owner-occupied primary residences.

There are two types of STAR benefit: Basic STAR and Enhanced STAR.

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Senior Citizen or Disabled Property Owner Tax Relief - D.C.

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When a property owner turns 65 years of age or older, or when he or she is disabled, he or she may file an application immediately for disabled or senior citizen property tax relief.

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D.C. Metro Police Housing Assistance Program

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DC Metropolitan Police Department officers who are first-time homeowners and live in their homes may be eligible for a sliding-scale real property tax credit.

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Lower Income, Long-Term D.C. Homeowners Tax Credit

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The Lower Income, Long-Term Homeowners Credit was passed by the DC Council to ease the effect of rising assessments and taxes on low-income residents who have lived in their homes seven consecutive years or more.

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