New York City Coop and Condo Abatements and more

If you live in New York City and own a cooperative apartment and you live in your apartment you may qualify for the Coop and Condo Abatement.

Go to https://tax.tidalforce.org/abatement1.html#pay1

Now there is a tool to approximate what your Coop Abatement credit should be.  Of course, this may depend on your number of shares and the total number of shares in the cooperative that qualify for the abatement.  But the application just assumes equal shares for all qualifying apartments.  You can easily scale the number based on your particular cooperative share values.  We recommend you read this document from New York City Department of Finance  If you want to see other buildings, https://tax.tidalforce.org/abatement1.html#pay1 will help you compare to other buildings.

Let's take a real example:

Let's say you live at "215 EAST 74TH STREET".  This is a cooperative building. You will see something like:

NYC Exemption/Abatement Report cost: $10 Includes a tax consultation email 
Buy $10 Exemption/Abatement Report for 215 EAST 74 STREET MANHATTAN 1014290005

You will select the "Buy link" and it will generate a report that summarizes the abatement and exemption history for the given address for the information that is available.

Most Recent Exemption/Abatement Report |  Tax History Report for input: BBL: 1014290005  Notes: Assuming equal shares in coop (coop only) and particular apartment is owner occupied should receive coop/condo abatement credit of $2088 for 2017-06-02 most recent year where information is available | Basic STAR found 
Amount: $10 just now, generating report, can take a minute or so Payment complete.

This is assuming equal shares in the cooperative.  But let's give a more realistic example, this cooperative has 105 apartments that qualify for the coop abatement and it receives $219,338 in abatements for 6/2/2017 bill.  See 

1014290005

2017-06-02

details-abatements

co-op/condo abatement

-219338

105

See https://nycprop.nyc.gov/nycproperty/StatementSearch?bbl=1014290005&stmtDate=20170602&stmtType=SOA

Let's say you really own 10 shares and the total of the 105 qualifying apartments is 2000 shares, then you would take 10 / 2000 * 219,338 to get your actual credit of $1096.69

This is a starting point to get owners aware of the credit.  We will enhance the application to store the owners shares and building shares to give a more accurate credit value in the future.

A full report would look like this:

Full

bbl	activitythrough	section	key	value	valuestr	meta	metastr	apts	aptsstr
1014290005	2017-06-02		Mailing address		Mailing address:\nC\O MAXWELL KATES\n207 E. 74 ST. OWNERS INC.
1014290005	2017-06-02		Owner name		207 E. 74 ST. OWNERS INC.
1014290005	2017-06-02	details	annual property tax	1262545
1014290005	2017-06-02	details-exemptions	basic star - school tax relief	-8540		-88920		39
1014290005	2017-06-02	details-abatements	co-op/condo abatement	-219338				105
1014290005	2017-06-02	details	current tax rate		12.8920%
1014290005	2017-06-02	details-exemptions	enhanced star - school tax relief	-4221		-44910		9
1014290005	2017-06-02	details	estimated market value	28854000
1014290005	2017-06-02	details-exemptions	senior citizens homeowners' exemption	-7857		-60941
1014290005	2017-06-02	details	tax before abatements	1481883		1481883
1014290005	2017-06-02	details	tax before exemptions and abatements	1506415		11684880
1014290005	2017-06-02	details	tax class		2 - residential, more than 10 units
1014290005	2017-06-02	details-exemptions	veteran exemption	-3914		-72054
1014290005	2016-06-03		Mailing address		C\O MAXWELL KATES\n207 E. 74 ST. OWNERS INC.\n9 E. 38TH ST.
1014290005	2016-06-03		Owner name		207 E. 74 ST. OWNERS INC.
1014290005	2016-06-03	details	annual property tax	1214416
1014290005	2016-06-03	details-exemptions	basic star - school tax relief	-12161		-94400		40
1014290005	2016-06-03	details-abatements	co-op/condo abatement	-196757				99
1014290005	2016-06-03	details	current tax rate		12.8830%
1014290005	2016-06-03	details-exemptions	enhanced star - school tax relief	-5543		-46170		9
1014290005	2016-06-03	details	estimated market value	28478000
1014290005	2016-06-03	details-exemptions	senior citizens homeowners’ exemption	-7753		-60181
1014290005	2016-06-03	details	tax before abatements	1411173		1411173
1014290005	2016-06-03	details	tax before exemptions and abatements	1440270		11179620
1014290005	2016-06-03	details	tax class		2 - residential, more than 10 units
1014290005	2016-06-03	details-exemptions	veteran exemption	-3640		-68937
1014290005	2015-06-05		Mailing address		207 E. 74 ST. OWNERS INC.\nC\O MAXWELL KATES\n9 E. 38TH ST.
1014290005	2015-06-05		Owner name		207 E. 74 ST. OWNERS INC.
1014290005	2015-06-05	details	annual property tax	1152461
1014290005	2015-06-05	details-exemptions	basic star - school tax relief	-11177		-86950		37
1014290005	2015-06-05	details-abatements	co-op/condo abatement	-182692				99
1014290005	2015-06-05	details	current tax rate		12.8550%
1014290005	2015-06-05	details-exemptions	enhanced star - school tax relief	-4927		-40960		8
1014290005	2015-06-05	details	estimated market value	24359000
1014290005	2015-06-05	details	tax before abatements	1335153		1335153
1014290005	2015-06-05	details	tax before exemptions and abatements	1354545		10537110
1014290005	2015-06-05	details	tax class		2 - residential, more than 10 units
1014290005	2015-06-05	details-exemptions	veteran exemption	-3288		-64975
1014290005	2015-02-20		Mailing address		207 E. 74 ST. OWNERS INC.\nC\O MAXWELL KATES\n9 E. 38TH ST.
1014290005	2015-02-20		Owner name		207 E. 74 ST. OWNERS INC.
1014290005	2015-02-20	details	annual property tax	1120313
1014290005	2015-02-20	details-exemptions	basic star - school tax relief	-11778		-91650		39
1014290005	2015-02-20	details-abatements	co-op/condo abatement	-177875				99
1014290005	2015-02-20	details	current tax rate		12.8550%
1014290005	2015-02-20	details-exemptions	enhanced star - school tax relief	-4832		-40160		8
1014290005	2015-02-20	details	estimated market value	24746000
1014290005	2015-02-20	details	tax before abatements	1298188		1298188
1014290005	2015-02-20	details	tax before exemptions and abatements	1317997		10252800
1014290005	2015-02-20	details	tax class		2 - residential, more than 10 units
1014290005	2015-02-20	details-exemptions	veteran exemption	-3199		-63223
1014290005	2015-01-15	nopv	expenses	2224110
1014290005	2015-01-15	nopv	gross income	5314050
1014290005	2014-11-21		Mailing address		207 E. 74 ST. OWNERS INC.\nC\O MAXWELL KATES\n9 E. 38TH ST.
1014290005	2014-11-21		Owner name		207 E. 74 ST. OWNERS INC.
1014290005	2014-11-21	details	annual property tax	1122021
1014290005	2014-11-21	details-exemptions	basic star - school tax relief	-11778		-91650		39
1014290005	2014-11-21	details-abatements	co-op/condo abatement	-176167				98
1014290005	2014-11-21	details-exemptions	enhanced star - school tax relief	-4832		-40160		8
1014290005	2014-11-21	details	estimated market value	24746000
1014290005	2014-11-21	details	new tax rate		5.0600%
1014290005	2014-11-21	details	original tax rate		5.3960%		billed june 2014
1014290005	2014-11-21	details	tax before abatements	1298188		1298188
1014290005	2014-11-21	details	tax before exemptions and abatements	1317997		10252800
1014290005	2014-11-21	details	tax class		2 - residential, more than 10 units
1014290005	2014-11-21	details-exemptions	veteran exemption	-3199		-63223
1014290005	2014-08-22		Mailing address		207 E. 74 ST. OWNERS INC.\nC\O MAXWELL KATES\n9 E. 38TH ST.
1014290005	2014-08-22		Owner name		207 E. 74 ST. OWNERS INC.
1014290005	2014-06-06		Mailing address		207 E. 74 ST. OWNERS INC.\nC\O MAXWELL KATES\n9 E. 38TH ST.
1014290005	2014-06-06		Owner name		207 E. 74 ST. OWNERS INC.
1014290005	2014-06-06	details	annual property tax	1146705
1014290005	2014-06-06	details-exemptions	basic star - school tax relief	-10871		-84600		36
1014290005	2014-06-06	details-abatements	co-op/condo abatement	-180840				97
1014290005	2014-06-06	details	current tax rate		13.1450%
1014290005	2014-06-06	details-exemptions	enhanced star - school tax relief	-4831		-40160		8
1014290005	2014-06-06	details	estimated market value	24746000
1014290005	2014-06-06	details	tax before abatements	1327545		10044949
1014290005	2014-06-06	details	tax before exemptions and abatements	1347731		10252800
1014290005	2014-06-06	details	tax class		2 - residential, more than 10 units
1014290005	2014-06-06	details-exemptions	veteran exemption	-4484		-83091
1014290005	2014-02-21		Mailing address		207 E. 74 ST. OWNERS INC.\nC\O MAXWELL KATES\n9 E. 38TH ST.
1014290005	2014-02-21		Owner name		207 E. 74 ST. OWNERS INC.
1014290005	2014-02-21	details	annual property tax	1092844
1014290005	2014-02-21	details-exemptions	basic star - school tax relief	-13900		-105750		47
1014290005	2014-02-21	details-abatements	co-op/condo abatement 119 unit s	-188777
1014290005	2014-02-21	details	current tax rate		13.1450%
1014290005	2014-02-21	details-exemptions	enhanced star - school tax relief	-4736		-38080		8
1014290005	2014-02-21	details	estimated market value	23395000
1014290005	2014-02-21	details	tax before abatements	1281621		9700398
1014290005	2014-02-21	details	tax before exemptions and abatements	1304597		9924660
1014290005	2014-02-21	details	tax class		2 - residential, more than 10 units
1014290005	2014-02-21	details-exemptions	veteran exemption	-4340		-80432
1014290005	2014-01-15	nopv	expenses	1698914
1014290005	2014-01-15	nopv	gross income	4944403
1014290005	2013-11-22		Mailing address		207 E. 74 ST. OWNERS INC.\nC\O MAXWELL KATES\n9 E. 38TH ST.
1014290005	2013-11-22		Owner name		207 E. 74 ST. OWNERS INC.
1014290005	2013-11-22	details	annual property tax	1092844
1014290005	2013-11-22	details-exemptions	basic star - school tax relief	-13900		-105750		47
1014290005	2013-11-22	details-abatements	co-op/condo abatement 119 unit s	-188777
1014290005	2013-11-22	details-exemptions	enhanced star - school tax relief	-4736		-38080		8
1014290005	2013-11-22	details	estimated market value	23395000
1014290005	2013-11-22	details	new tax rate		5.3960%
1014290005	2013-11-22	details	original tax rate		5.0230%		billed june 2013
1014290005	2013-11-22	details	tax before abatements	1281621		9700398
1014290005	2013-11-22	details	tax before exemptions and abatements	1304597		9924660
1014290005	2013-11-22	details	tax class		2 - residential, more than 10 units
1014290005	2013-11-22	details-exemptions	veteran exemption	-4340		-80432
1014290005	2013-08-23		Mailing address		207 E. 74 ST. OWNERS INC.\nC\O MAXWELL KATES\n9 E. 38TH ST.
1014290005	2013-08-23		Owner name		207 E. 74 ST. OWNERS INC.
1014290005	2013-08-23	details	annual property tax	1096155
1014290005	2013-08-23	details-exemptions	basic star - school tax relief	-13938		-105750		47
1014290005	2013-08-23	details-abatements	co-op/condo abatement 119 unit s	-189301
1014290005	2013-08-23	details	current tax rate		13.1810%
1014290005	2013-08-23	details-exemptions	enhanced star - school tax relief	-4735		-38080		8
1014290005	2013-08-23	details	estimated market value	23395000
1014290005	2013-08-23	details	tax before abatements	1285456		9700398
1014290005	2013-08-23	details	tax before exemptions and abatements	1308169		9924660
1014290005	2013-08-23	details	tax class		2 - residential, more than 10 units
1014290005	2013-08-23	details-exemptions	veteran exemption	-4040		-80432
1014290005	2013-06-07		Mailing address		207 E. 74 ST. OWNERS INC.\nC\O MAXWELL KATES\n9 E. 38TH ST.
1014290005	2013-06-07		Owner name		207 E. 74 ST. OWNERS INC.
1014290005	2013-06-07	details	annual property tax	1098497
1014290005	2013-06-07	details-exemptions	basic star - school tax relief	-13938		-105750		47
1014290005	2013-06-07	details-abatements	co-op/condo abatement 119 unit s	-186959
1014290005	2013-06-07	details	current tax rate		13.1810%
1014290005	2013-06-07	details-exemptions	enhanced star - school tax relief	-4735		-38080		8
1014290005	2013-06-07	details	estimated market value	23395000
1014290005	2013-06-07	details	tax before abatements	1285456		9700398
1014290005	2013-06-07	details	tax before exemptions and abatements	9924660		9924660
1014290005	2013-06-07	details	tax class		2 - residential, more than 10 units
1014290005	2013-06-07	details-exemptions	veteran exemption	-4040		-80432
1014290005	2013-02-22		Mailing address		207 E. 74 ST. OWNERS INC.\nC\O MAXWELL KATES\n9 E. 38TH ST.
1014290005	2013-02-22		Owner name		207 E. 74 ST. OWNERS INC.
1014290005	2013-02-22	details	annual property tax	1031550
1014290005	2013-02-22	details-exemptions	basic star - school tax relief	-14841		-115260		51
1014290005	2013-02-22	details-abatements	co-op/condo abatement 121 unit s	-211767
1014290005	2013-02-22	details	current tax rate		13.1810%
1014290005	2013-02-22	details-exemptions	enhanced star - school tax relief	-4639		-37520		8
1014290005	2013-02-22	details	estimated market value	23240000
1014290005	2013-02-22	details	tax before abatements	1243317		9379447
1014290005	2013-02-22	details	tax before exemptions and abatements	1266709		9610110
1014290005	2013-02-22	details	tax class		2 - residential, more than 10 units
1014290005	2013-02-22	details-exemptions	veteran exemption	-3912		-77883
1014290005	2013-01-15	nopv	expenses	1542791
1014290005	2013-01-15	nopv	gross income	4614958
1014290005	2012-11-30		Mailing address		207 E. 74 ST. OWNERS INC.\nC\O MAXWELL KATES\n9 E. 38TH ST.
1014290005	2012-11-30		Owner name		207 E. 74 ST. OWNERS INC.
1014290005	2012-11-30	details	annual property tax	1031550
1014290005	2012-11-30	details-exemptions	basic star - school tax relief	-14841		-115260		51
1014290005	2012-11-30	details-abatements	co-op/condo abatement 121 unit s	-211767
1014290005	2012-11-30	details-exemptions	enhanced star - school tax relief	-4639		-37520		8
1014290005	2012-11-30	details	estimated market value	23240000
1014290005	2012-11-30	details	new tax rate		5.0230%
1014290005	2012-11-30	details	original tax rate		4.8510%		billed june 2012
1014290005	2012-11-30	details	tax before abatements	1243317		9379447
1014290005	2012-11-30	details	tax before exemptions and abatements	1266709		9610110
1014290005	2012-11-30	details	tax class		2 - residential, more than 10 units
1014290005	2012-11-30	details-exemptions	veteran exemption	-3912		-77883
1014290005	2012-08-17		Mailing address		207 E. 74 ST. OWNERS INC.\nC\O MAXWELL KATES\n9 E. 38TH ST.
1014290005	2012-08-17		Owner name		207 E. 74 ST. OWNERS INC.
1014290005	2012-08-17	details	annual property tax	1051752
1014290005	2012-08-17	details-exemptions	basic star - school tax relief	-14840		-115260		51
1014290005	2012-08-17	details-abatements	co-op/condo abatement 121 unit s @ 17.5%	-215917
1014290005	2012-08-17	details	current tax rate		13.4330%
1014290005	2012-08-17	details-exemptions	enhanced star - school tax relief	-4639		-37520		8
1014290005	2012-08-17	details	estimated market value	23240000
1014290005	2012-08-17	details	tax before abatements	1267669		9379447
1014290005	2012-08-17	details	tax before exemptions and abatements	1290926		9610110
1014290005	2012-08-17	details	tax class		2 - residential, more than 10 units
1014290005	2012-08-17	details-exemptions	veteran exemption	-3778		-77883
1014290005	2012-06-08		Mailing address		207 E. 74 ST. OWNERS INC.\nC\O MAXWELL KATES\n9 E. 38TH ST.
1014290005	2012-06-08		Owner name		207 E. 74 ST. OWNERS INC.
1014290005	2012-06-08	details	annual property tax	1051752
1014290005	2012-06-08	details-exemptions	basic star - school tax relief	-14840		-115260		51
1014290005	2012-06-08	details-abatements	co-op/condo abatement 121 unit s @ 17.5%	-215917
1014290005	2012-06-08	details	current tax rate		13.4330%
1014290005	2012-06-08	details-exemptions	enhanced star - school tax relief	-4639		-37520		8
1014290005	2012-06-08	details	estimated market value	23240000
1014290005	2012-06-08	details	tax before abatements	1267669		9379447
1014290005	2012-06-08	details	tax before exemptions and abatements	1290926		9610110
1014290005	2012-06-08	details	tax class		2 - residential, more than 10 units
1014290005	2012-06-08	details-exemptions	veteran exemption	-3778		-77883
1014290005	2012-02-24		Mailing address		207 E. 74 ST. OWNERS INC.\nC\O MAXWELL KATES\n9 E. 38TH ST.
1014290005	2012-02-24		Owner name		207 E. 74 ST. OWNERS INC.
1014290005	2012-02-24	details	annual property tax	1020647
1014290005	2012-02-24	details-exemptions	basic star - school tax relief	-15483		-115260		51
1014290005	2012-02-24	details-abatements	co-op/condo abatement 121 unit s @ 17.5%	-209523
1014290005	2012-02-24	details	current tax rate		13.4330%
1014290005	2012-02-24	details-exemptions	enhanced star - school tax relief	-4857		-36160		8
1014290005	2012-02-24	details	estimated market value	21339000
1014290005	2012-02-24	details-abatements	j51 abatement	-1198
1014290005	2012-02-24	details-abatements	senior citizens rent increase exemption revocation	8948
1014290005	2012-02-24	details	tax before abatements	1231368		9118352
1014290005	2012-02-24	details	tax before exemptions and abatements	1255382		9345510
1014290005	2012-02-24	details	tax class		2 - residential, more than 10 units
1014290005	2012-02-24	details-exemptions	veteran exemption	-3674		-75738
1014290005	2012-01-15	nopv	expenses	1586130
1014290005	2012-01-15	nopv	gross income	4664310
1014290005	2011-11-18		Mailing address		C\O MAXWELL KATES\n\nNEW YORK, NY 10016-0003
1014290005	2011-11-18		Owner name		207 E. 74TH ST.
1014290005	2011-11-18	details	annual property tax	1020647

Let's say you live at "322 W 57th St" .  This is a condominium building.  It is simpler because the abatement is already broken down by apartment.

You will input the address and see:

NYC Exemption/Abatement Report cost: $10 Includes a tax consultation email tax billing lot (e.g., condo) Buy $10 Exemption/Abatement Report for 322 WEST 57 STREET MANHATTAN 1010477503Buy $10 Exemption/Abatement Report for 322 WEST 57 STREET 41P1 [1010472396]Buy $10 Exemption/Abatement Report for 322 WEST 57 STREET 18H [1010472050]Buy $10 Exemption/Abatement Report for 322 WEST 57 STREET 34Q1 [1010472309]

For example let's say you live at Apt 18H

You will select the appropriate buy link.

You will see

Most Recent Exemption/Abatement Report |  Tax History Report for input: BBL: 1010472050  Notes: Assuming equal shares in coop (coop only) and particular apartment is owner occupied should receive coop/condo abatement credit of $1832 for 2017-06-02 most recent year where information is available | Basic STAR Exemption not found 
Amount: $10 just now, generating report, can take a minute or so Payment complete.

A report will look like:

Most Recent Report
Abatements

bbl	activitythrough	section	key	value	valuestr	meta	metastr	apts	aptsstr
1010472050	2017-06-02	details-abatements	co-op/condo abatement	-1832				1

Exemptions

bbl	activitythrough	section	key	value	valuestr	meta	metastr	apts	aptsstr

Full

bbl	activitythrough	section	key	value	valuestr	meta	metastr	apts	aptsstr
1010472050	2017-06-02		Mailing address		Mailing address:\n322 W. 57TH ST. APT. 18H\nNEW YORK NY 10019-3720
1010472050	2017-06-02		Owner name		DAVID LIN
1010472050	2017-06-02	details	annual property tax	8637
1010472050	2017-06-02	details-abatements	co-op/condo abatement	-1832				1
1010472050	2017-06-02	details	co-op/condo benefit based on average assessed value of	145854
1010472050	2017-06-02	details	current tax rate		12.8920%
1010472050	2017-06-02	details	estimated market value	192261
1010472050	2017-06-02	details	tax before abatements	10469		10469
1010472050	2017-06-02	details	tax before exemptions and abatements	10469		81202
1010472050	2017-06-02	details	tax class		2 - residential, more than 10 units
1010472050	2015-06-05		Mailing address		LIN, SUJINTA\nAPT. 18H\nNEW YORK , NY 10019-3720
1010472050	2015-06-05		Owner name		DAVID LIN
1010472050	2015-06-05	details	annual property tax	9539
1010472050	2015-06-05	details	current tax rate		12.8550%
1010472050	2015-06-05	details	estimated market value	172435
1010472050	2015-06-05	details	tax before abatements	9539		9539
1010472050	2015-06-05	details	tax before exemptions and abatements	9539		74208