Reduce or Waive Property Tax Interest

Michael Littman

Property Tax Interest Abatement Program

If you have unpaid New York City property taxes and you were impacted by COVID-19, the Property Tax Interest Abatement Program may be able to help.

The Department of Finance will reduce or completely waive up to six months of late payment interest charges on eligible property tax payments due July 1 or October 1, 2021. To have your interest waived or reduced, you must submit an application by November 30, 2021. If you are eligible, interest on your late property tax payments will be waived for the period from July 1 through December 31. You must pay by December 31 to avoid interest charges that cannot be waived.

The application and details about eligibility criteria, can be found on the NYC Department of Finance’s website.

 
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