Property Tax Payment Agreement Application - New York City

Property Tax Payment Agreement Application is a legal document that was released by the New York City Department of Finance - a government authority operating within New York City.

FAQ

Q: What is a Property Tax Payment Agreement?
A: A Property Tax Payment Agreement is an arrangement made between a property owner and the City of New York to pay property taxes on a monthly or quarterly basis.

Q: Who is eligible for a Property Tax Payment Agreement?
A: Property owners in New York City who are delinquent on their property taxes and meet certain criteria may be eligible for a Payment Agreement.

Q: How can I apply for a Property Tax Payment Agreement in New York City?
A: To apply for a Property Tax Payment Agreement in New York City, you will need to contact the Department of Finance and complete an application.

Q: What are the benefits of a Property Tax Payment Agreement?
A: A Property Tax Payment Agreement allows property owners to avoid penalties and interest on delinquent property tax payments and provides a structured plan for repayment.

Q: Can I make partial payments through a Property Tax Payment Agreement?
A: Yes, property owners can make partial payments towards their property tax debt through a Payment Agreement.

Q: What happens if I default on my Property Tax Payment Agreement?
A: If you default on your Property Tax Payment Agreement, the City of New York may take legal action to collect the outstanding balance, and you may incur additional penalties and interest.

Q: Are there any fees associated with a Property Tax Payment Agreement?
A: There may be fees associated with setting up a Property Tax Payment Agreement, such as an application fee, processing fee, or installment agreement fee.

Q: Can I negotiate the terms of a Property Tax Payment Agreement?
A: The terms of a Property Tax Payment Agreement are generally non-negotiable, but you can discuss your specific situation with the Department of Finance.

Q: Can a Property Tax Payment Agreement be modified?
A: In certain circumstances, a Property Tax Payment Agreement may be modified to accommodate changes in financial circumstances. Contact the Department of Finance for more information.

Q: How long does a Property Tax Payment Agreement last?
A: The length of a Property Tax Payment Agreement varies depending on the amount owed and the agreed-upon terms. It can range from several months to several years.