Over the course of the past year, the New York City Department of Finance (DOF) has implemented a policy whereby 420-a exemptions for properties used for religious or non-profit purposes will be revoked due to the presence of Class 1 New York City Department of Building’s (DOB) violations at the premises, regardless of the nature of the violations or whether they actually impact the exempted use of the premises. It is our understanding that it is now DOF policy that the tax exemption will not be reinstated, and no appeals will be granted, until after the violation is removed.
Due to the ongoing COVID-19 pandemic, many religious and non-profit organizations have been operating remotely and may not have received the notice of revocation from DOF, so we encourage you to review your recent tax bills to confirm if your building has been impacted by this new policy. You can view your tax bills and find other valuable information here.
If you do discover that your exemption has been revoked or would like more information on this new DOF policy, please contact Jason Labate or your Goldstein Hall attorney for additional information and assistance.