Property Tax Alert: New York

September 2006

The New York property tax exemption allowed for improvements to multiple dwellings that are used for single-room occupancies has been extended from December 31, 2007, to December 31, 2011. The improvements must be commenced prior to December 31, 2011 (formerly, December 31, 2007), and completed within 36 months of commencement.

Please contact Rash & Associates for more information.