Refunds and credits

Property tax refunds and credits
The Department of Finance applies most property tax credits towards your next bill unless you request a refund. Please allow eight weeks to process your claim. Note: Credit balances on your tax account must be used or refunded within six years. After six years, any credit balances left on your tax account will become the property of the City of New York.

Reasons for property tax credits:

1. Overpayments - There is a credit on your tax bill if two people make a payment at the same time or if a charge is canceled after it was already paid. This type of credit will only be refunded to the person who made the payment.
2. Reduction in property's assessed value - There is a credit on your tax bill because you appealed your property's assessed value and received a reduction after we sent your initial property tax bill.
3. Property tax exemption - There is a credit on your tax bill because you received a property tax exemption that reduced your property taxes after we sent your initial property tax bill.

City register refunds

You should complete the City Register Recording Fee Refund Request form if you overpaid, or made a duplicate payment for a single City Register transaction.

Real property transfer tax refunds

Submit a written request, and include proof of payment (front and back of the canceled check) or the receipts from the City Register or Division of Land Records showing payment, and a copy of the cover pages for the original real property transfer tax return filing to:

NYC Department of Finance
Business and Excise Tax Refunds Unit
59 Maiden Lane, 20th Floor
New York, NY 10038

No interest is paid on Real Property Transfer Tax refunds.

If you have filed and paid Real Property Transfer Tax on a property that was entitled to a full or partial exemption for an affordable housing development please complete this form.

Third-party designees

Property owners and taxpayers may authorize a third party to represent them before the Department of Finance regarding property refunds and payments.

Designating a third party

Property owners can appoint a person to represent them by submitting a Power of Attorney form with their refund request. The third party can be a family member, friend, tax professional, attorney, or business.

What third parties can do

Third parties can provide certain information to DOF to assist in the processing of a refund application. Third parties can also contact DOF to request certain information about the processing or status of a refund.

Limitations

To protect taxpayer privacy and prevent fraud, we may limit the information that we share with third parties. We will not provide mailing addresses or bank account information to third-party designees. We will only provide certain information, such as the amount of the refund, the check number, and the period in which the refund was created. We will not issue payments to third parties.

Refund forms

• Property Tax Refund Request - Use this form to request a refund if you have a credit balance on your tax account.
• Request a property refund online - Use this form to request a refund if you have a credit balance on your tax account.
• City Register Recording Fee Refund Request - Use this form to request a refund of City Register recording fees due to overpayment.
• Full or Partial Refund Request for Real Property Transfer Tax for Affordable Housing Development - Use this form if you filed and paid Real Property Transfer Tax on a property that was entitled to a full or partial exemption for an Affordable Housing Development.

Property tax refunds lists

Download all NYC property data

The Department of Finance has made the data for all NYC properties available on the NYC Open Data portal for download. Visit the Open Data page for more information.