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Property tax refund for a condo??
Started by 911turbo
Posts: 102
Member since: Oct 2011
Discussion about
Hello all, I purchased my condo in 2021, when I recently paid my quarterly property taxes, I noticed in the “refund” section, it claimed several checks had been issued over the years. Not large amounts, but refunds nonetheless. I assumed the checks were mailed to an incorrect mailing address on file. When I inquired to the NYC department of finance, this was the response: “ Dear Taxpayer, At your... [more]
Hello all, I purchased my condo in 2021, when I recently paid my quarterly property taxes, I noticed in the “refund” section, it claimed several checks had been issued over the years. Not large amounts, but refunds nonetheless. I assumed the checks were mailed to an incorrect mailing address on file. When I inquired to the NYC department of finance, this was the response:
“ Dear Taxpayer,
At your time of purchase, you signed Power of Attorney to your Condominium Board to act on behalf of the entire building. Property taxes were protested on your condominiums behalf by your condo board. If a protest is successful, tax reductions are granted and this results in a refund available. This refund is non-transferable to unit owners via The New York City Department of Finance. Any ensuing refunds due to these tax reductions must be filed and refunded to your Condo board as executor. Please see your Condo Board for refunds.
Thank you for contacting the New York City Department of Finance”
Has anyone else noticed this (check the refund section when you pay your property taxes!) and recieved a refund? Do I need to ask my condo board? Any guidance would be appreciated as although the refunds are not a large amount, if I’m entitled to it, I’d like to know how to get it.
TIA
Adam
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Yes you need to write to your board and inquire.
Turbo, Something amiss in DOF reply. The process they describe applies to COOPs. However, my understanding is that any refunds due to tax reduction filings are applied to individual unit’s tax account. Perhaps there is some exception I am not aware of.
I don’t understand the DOF reply either. But a fellow unit owner who observed the same “refunds “ noted that a credit was applied to their tax bill and when I looked more carefully at the prior years tax bills, a credit was indeed applied for the check amount. I guess I got confused since it did seem an actual check was mailed out since there is a check reference # but I guess if you pay your tax bill via ACH bank transfer, they automatically just apply a credit to the bill.
Makes sense. I have gotten tax credits from the past to my condo unit account directly as well. Just means reduction in balance due. All the account history is available on the DOF website.
I am in a coop and we receive two letters every year - one a reminder that they'll be taking the credits and the way these will be applied to maintenance and the second, once the credits are due to be applied. It seems like a miscommunication on the part of the board tbh - I don't think it matters whether the unit is coop or a condo for this.