Form J-51 Tax Exemption and Abatement for Residential Rehabilitation or Conversion to Multiple Dwellings Application - New York City

What Is Form J-51?

This is a legal form that was released by the New York City Department of Finance - a government authority operating within New York City. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is the Form J-51 Tax Exemption and Abatement?
A: The Form J-51 Tax Exemption and Abatement is a program offered in New York City that provides tax benefits for residential rehabilitation or conversion to multiple dwellings.

Q: Who is eligible for the Form J-51 Tax Exemption and Abatement?
A: Property owners in New York City who are rehabilitating or converting residential buildings into multiple dwellings may be eligible for the Form J-51 Tax Exemption and Abatement.

Q: What are the benefits of the Form J-51 Tax Exemption and Abatement?
A: The benefits of the Form J-51 Tax Exemption and Abatement include tax exemptions and abatements, which can help reduce the property owner's tax liability.

Q: How do I apply for the Form J-51 Tax Exemption and Abatement?
A: To apply for the Form J-51 Tax Exemption and Abatement, property owners must submit the application form, along with supporting documentation, to the New York City Department of Housing Preservation and Development.

Q: Are there any deadlines for applying for the Form J-51 Tax Exemption and Abatement?
A: Yes, there are deadlines for applying for the Form J-51 Tax Exemption and Abatement. Property owners must submit their applications within 60 days of commencing work on the rehabilitation or conversion project.