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Exemption From Real Estate Taxation For Property Owned By Nonprofit Orgranizations Application Form. This is a New York form and can be use in New York Local County.
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Tags: Exemption From Real Estate Taxation For Property Owned By Nonprofit Orgranizations Application, New York Local County, New York
NEW YORK CITY DEPARTMENT OF FINANCE
PROPERTY TAX EXEMPTION UNIT
EXEMPTION FROM REAL ESTATE TAXATION FOR
PROPERTY OWNED BY NONPROFIT ORGANIZATIONS
INSTRUCTIONS
(Pursuant to Article 4, Sections 420(a), 420(b), 446 and 462 of the New York State Real Property Tax Law, which provides for real
estate tax exemption for certain properties owned and used by nonprofit organizations that qualify under the provisions of these sections.)
G E N E R A L
I N F O R M A T I O N
CHECKLIST BEFORE SUBMITTING YOUR APPLICATION
A VOID
A DELAY IN THE PROCESSING OF YOUR APPLICATION . C HECK ()
TO MAKE SURE THAT YOU DO THE FOLLOWING THINGS BEFORE SUBMITTING
YOUR APPLICATION :
K Read the eligibility requirements below to be sure that you are qualified
K COMPLETE ALL SIX SECTIONS AND INDIVIDUAL QUESTIONS ON
THE ATTACHED FOUR PAGE APPLICATION
K Submit a separate Section 6 - Property Use for each individual lot for
which you are applying for exemption (Use individual sheets provided by
the Department of Finance or photocopies of Section 6.)
K Attach a copy of the most recent deed
K If the organization is required to file annual returns with the
Revenue Service, attach a copy along with all schedules
construction of buildings or other improvements, attach copy
K Sign the application and have it notarized where indicated
ELIGIBILITY REQUIREMENTS
T H EZ F O L L O W I N GZ I SZ I N T E N D E DZ T OZ S E R V EZ O N L YZ A SZ A
G U I D EZ I NZ D E T E R M I N I N GZ E L I G I B I L I T YZ F O RZ A N
EXEMPTION. ALL SUBMITTED APPLICATIONS ARE
SUBJECT TO REVIEW IN ACCORDANCE WITH THE
LEGAL STATUTORY AUTHORITIES CITED UNDER THE
HEADING OF THIS PAGE.
N
K Attach a copy of your organization's Articles of Incorporation
K Attach a copy of your organization's By-Laws or Constitution
K I the organization has a resolution(s) authorizing contemplated
Internal
N
K If the organization is exempt from federal income tax, attach a copy of
420(b): Benevolent, Bible, Enforcement of Law
relating to children or animals, Historical, Infirmary, Library,
Literary, Medical Society, Missionary, Patriotic, Public
playground, Scientific, Supervised youth sportsmanship or
Tract
K If the organization is not exempt from federal income tax, but has applied
for exemption, attach a copy of application, request or statement and
attachments
K If all or a portion of the property is leased to and used by another nonprofit
K If all or a portion of the property is used as a parsonage or manse, you
must submit a separate statement in addition to this application, which
should include the following information: names of all officiating clergy;
documentation of ordination; if no formal training and/or ordination was
received, please explain why; if clergy has an employment contract with
the owning organization, please submit most recent copy
K If there has been any substantial change in any aspect of the
organization’s financial activities since the period end as reported in
Section - 5 Organization Statement of Assets and Liabilities for the Last
Fiscal Year, attach a detailed explanation
The purpose(s) of the organization must be one of the exemptible
categories outlined in Sections 420(a), 420(b), 446 and 462 of the New
York State Real Property Tax Law, or two or more of those purposes, as
follows:
420(a): Charitable, Educational, Hospital, Moral or mental
improvement of men, women or children or Religious
Determination or Ruling Letter
organization, the above six items must also be attached for the lessee
(Articles of Incorporation, By-Laws or Constitution, IRS Returns, IRS Form
990-T, IRS exemption letter or IRS exemption application); additionally a
copy of the current lease must be attached
Legal title for the parcel(s) for which exemption benefits are being sought
must be in the name of the applicant organization.
446:
462:
N
N
N
Cemetery
Parsonage or Manse
The property for which exemption is being sought must be used for the
exemptible purposes of the organization. Unused portions or portions
leased to private entities are not exemptible.
Unimproved land and/or vacant buildings may be eligible if supporting
documentation of contemplated use or construction in progress is
supplied. If an exemption is granted, then a new "Application for
Exemption" must be filed once the improvement value is placed on the
assessment roll.
If all or a portion of the property is leased to or otherwise used by another
eligible exempt organization, that portion may be eligible for exemption, if
it is used for exempt purposes and the amount of rental income does not
exceed the normal carrying, maintenance or depreciation charges.
Rev. 12/04/08
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Real Estate Tax Exemption Application for Nonprofit Organizations
N
N
N
N
For applicants applying for exemption under Real Property Tax Law sections
446 (Cemetery) or 462 (Parsonage or Manse) only: Properties must be
acquired by the applicant organization on or before the annual taxable status
date of January 5. If the property was acquired before January 5 and all
other exempt criteria are met, the exemption will commence with the
following July 1 tax roll. If the property was acquired after January 5 and all
other exemption criteria are met, the exemption will commence on the July 1
following the next January 5.
Properties transferred from a currently property tax exempt nonprofit
organization to another qualifying nonprofit organization will maintain
continuous benefits. The January 5 taxable status date rule will not
affect such a transfer. The new organization should make application in
its own name immediately after the transfer.
If the submitted application is incomplete in any way, the applicant will
be notified and given a short period of time to make any and all
corrections.
In addition to this application, you may be required to supply additional
information. In such cases, either the attorney, agent or the contact
person will be notified.
INSPECTION BY THE DEPARTMENT OF FINANCE
Please note that prior to a determination of eligibility, the property may be
inspected by a representative of the Department of Finance.
ANNUAL RENEWAL NOTICES
If an exemption is granted, the organization will be required to file an annual
renewal form which will be mailed to the exempt organization each Fall.
CANCELLATION OF BACK YEAR REAL ESTATE TAXES
The Department of Finance implements exemption benefits for the current tax
year and the prior year. Unpaid real estate taxes for prior years are canceled
by the City of New York, Office of the Comptroller, Division of Claims and
Adjustment - Real Estate, which may be contacted at (212) 669-2028. That
office will not act on cancellations until the Department of Finance has
implemented exemption benefits for the current period. When the
Department of Finance notifies the applicant of approval of exemption
benefits, instructions will be included for filing with the Comptroller, if
applicable.
Page 2
NOT FOR PROFIT HOUSING ORGANIZATIONS
Under limited circumstances, some not-for-profit housing organizations may
be eligible for exemption benefits under Article 4, Section 420(a) or 420(c) of
the New York State Real Property Tax Law. In such cases, eligibility is
determined by the Department of Housing Preservation and Development
(HPD). For further information, please write to HPD, c/o Office of Tax
Incentives, 100 Gold Street, New York, NY 10038
WHEN AND WHERE TO FILE
Applications are accepted throughout the year.
Completed applications with appropriate attachments must be submitted to:
New York City Department of Finance
Property Tax Exemption Unit - NFP
59 Maiden Lane, 20th Floor
New York, NY 10038
WATER/SEWER CHARGE EXEMPTION
The exemption from water and sewer charges is administered by the
Department of Environmental Protection. For further information, contact the
DEP, Bureau of Water and Energy Conservation at (718) 595-6845, or 7803.
RIGHT OF APPEAL
Should the Department of Finance deny your application or grant only a
partial exemption, you may appeal by writing to the New York City Tax
Commission during the period January 15 through March 1 at the following
address:
Tax Commission
1 Centre Street, Room 936
New York, NY 10007
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NEW YORK CITY DEPARTMENT OF FINANCE
PROPERTY TAX EXEMPTION UNIT
EXEMPTION FROM REAL ESTATE TAXATION FOR
PROPER TY OWNED BY NONPROFIT ORGANIZATIONS
APPLICATION
FINANCE
NEW OF YORK
THE CITY
NEW YORK
●
DEPARTMENT OF FINANCE
nyc.gov/finance
COMPLETE IN FULL SECTIONS 1 THROUGH 6 (SEE SPECIAL NOTES REGARDING REQUIREMENTS FOR
COMPLETING SECTIONS 4 AND 5). FOR EACH SECTION, ATTACH ADDITIONAL SHEETS WHEN NECESSARY.
SECTION 1 - OWNERSHIP INFORMATION
1. Borough:
ddddsadsadasdasd
Block:
Lot:
2. Address of property (number and street)
3. Name of organization
4. Employer Identification
Number
5. Organization mailing address
6. Name of applicant's representative, agent or attorney
7. Telephone number
(
8. Mailing address of # 6 above
)
9. Date of acquisition as shown on deed
10. Name of contact person to arrange inspection
11. Telephone number
(
)
12. Was the property acquired from anyone who has any interest in the owning organization
(e.g., officer, director, employee, member, etc.)? ...................................................................................❑ yes
❑
no
If "yes," explain relationship and circumstances of sale (include purchase price and terms of sale): __________________________________________
________________________________________________________________________________________________________________________
13. Does any person or organization have a revisionary interest in this property?........................................❑ yes
❑
no
If "yes," indicate name and address of such person and state terms of right of reverter: ___________________________________________________
________________________________________________________________________________________________________________________
14. Is the property mortgaged? ............❑ yes
❑
no
If "yes," does the holder of the mortgage presently (or did it formerly) have
any interest in the owning organization? .................................................................................................❑ yes
❑
no
If "yes," explain relationship and details of mortgage(s), original principal amount, principal currently outstanding, interest rate, original term
of mortgage, term remaining: ________________________________________________________________________________________________
________________________________________________________________________________________________________________________
15. a. Has any part of this property been conveyed to another person or organization? .............................❑ yes
b. Is the property or any part thereof under contract for sale? ..............................................................❑ yes
c. Is the property or any part thereof for sale? ......................................................................................❑ yes
❑
❑
❑
no
no
no
If the answer to any of the three questions above is "yes," give full details: ______________________________________________________________
________________________________________________________________________________________________________________________
16. Has the applicant ever previously filed an application for exemption on this or any other parcel
owned or occupied by the organization? ................................................................................................❑ yes
❑
no
If "yes," list the borough, block and lot of all parcels for which application was made: _____________________________________________________
________________________________________________________________________________________________________________________
If "yes," for this parcel, state what action(s) was taken either by the Department of Finance or the NYC Tax Commission: __________________________
________________________________________________________________________________________________________________________
________________________________________________________________________________________________________________________
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Page 2
SECTION 2 - ORGANIZATION PURPOSE
1. Check (✓) the purpose(s) of the organization from the listing below:
❑
❑
❑
❑
❑
❑
Bar Association
Charitable
Infirmary
Missionary
Religious
❑
❑
❑
❑
❑
❑
❑
❑
❑
❑
❑
Benevolent
Educational
Library
Parsonage or Manse
Scientific
Enforcement of law relating to children or animals
Bible
Historical
Literary
Patriotic
Supervised youth sportsmanship
❑
❑
❑
❑
❑
Cemetery
Hospital
Medical Society
Public playground
Tract (religious)
Moral or mental improvement of men, women or children
2. State briefly specific activities related to each purpose checked above: __________________________________________________________
__________________________________________________________________________________________________________________
__________________________________________________________________________________________________________________
SECTION 3 - FEDERAL INCOME TAX STATUS OF ORGANIZATION
1. Is the organization exempt from federal income tax? ..............................................................................❑ yes
❑
no
IF EXEMPT, COMPLETE QUESTIONS 2, 3 AND 4 AND ATTACH A COPY OF EXEMPTION DETERMINATION OR RULING LETTER. OMIT SECTIONS 4 AND 5.
IF NOT EXEMPT, COMPLETE QUESTIONS 5 THROUGH 7 OF THIS SECTION, AND IF APPLICABLE, COMPLETE SECTIONS 4 AND 5 AND ATTACH A COPY OF
EACH RETURN FILED FOR THE ORGANIZATION FOR THE LAST FISCAL YEAR.
2. If exempt, indicate section, subsection and paragraph of the Internal Revenue Code (IRC): ________________________________________________
3. If exemption was recognized by an advance ruling, indicate expiration date of ruling: ______ / ______ / ______
4. If exemption was recognized by a group exemption letter, provide name and address of organization receiving group exemption.
Organization: ______________________________________ Address: _____________________________________________________________
5. If the organization is not currently exempt from federal income tax, has it applied for exemption? ........❑ yes
❑
no
6. If the application has been made, but not approved, indicate section, subsection and paragraph of the IRC: ___________________________________
ATTACH A COPY OF THE APPLICATION, REQUEST OR STATEMENT AND ATTACHMENTS.
7. For the last fiscal year, did the organization file IRS Form 990-T (Exempt Organization Business Income Tax Return)? .......❑ yes
❑
no
IF "YES," ATTACH COPY OF FORM 990-T.
SECTION 4 - ORGANIZATION STATEMENT OF RECEIPTS AND E X P E N D I T U R E S
COMPLETE ONLY IF SECTION
3,
QUESTIONS
1
OR
5
WERE ANSWERED
" N O ."
STATEMENT OF RECEIPTS AND EXPENDITURES FOR THE LAST FISCAL YEAR ENDING ______ / ______ / ______
RECEIPTS
1. Gross dues and assessments of members ...................................................................................................
1.
2. Gross contributions, gifts, etc.......................................................................................................................
2.
3. Gross amount derived from activities related to organizations exempt
purpose(s) (attach schedule) ..................................................................................
Less: Cost of sales (attach schedule) .............................................................................
3.
4. Gross amounts from unrelated business activities (attach schedule) .....................
Less: Cost of sales...............................................................................................
4.
5. Gross amount received from sales of assets, excluding inventory items (att. sch.)
Less: Cost or other basis and sales expense of assets sold (attach schedule) ........
5.
6. Interest, dividends, rents and royalties .........................................................................................................
6.
7. Other receipts (attach schedule) ......................................................................................................................
7.
8. TOTAL RECEIPTS (add lines 1 through 7) ...................................................................................................
8.
continued on page 3
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Page 3
STATEMENT OF RECEIPTS AND EXPENDITURES, continued
EXPENDITURES
9. Fund raising expenses ..................................................................................................................................
9.
10. Contributions, gifts, grants and similar amounts paid (attach schedule) .........................................................
10.
11. Disbursements to or for the benefit of members (attach schedule) .................................................................
11.
12. Compensation of officers, directors and trustees .........................................................................................
12.
13. Other salaries and wages..............................................................................................................................
13.
14. Interest .........................................................................................................................................................
14.
15. Rent..............................................................................................................................................................
15.
16. Depreciation and depletion ...........................................................................................................................
16.
17. Other expenditures (attach schedule) ..............................................................................................................
17.
18. TOTAL EXPENDITURES (add lines 9 through 17).........................................................................................
18.
19. EXCESS OF RECEIPTS OVER EXPENDITURES (line 8 less line 18) ..............................................................
19.
SECTION 5 - ORGANIZATION STATEMENT OF ASSETS AND LIABILITIES FOR LAST FISCAL YEAR
COMPLETE ONLY IF SECTION
3,
QUESTIONS
1
OR
5
WERE ANSWERED
" N O ."
▼ Beginning date ▼
ASSETS
▼ Ending date ▼
1. Cash
(a) interest bearing accounts .................................................................................................
1a.
(b) other.................................................................................................................................
1b.
2. Accounts receivable, net .........................................................................................................
2.
3. Inventories ..............................................................................................................................
3.
4. Bonds and notes (attach schedule) ............................................................................................
4.
5. Corporate stocks (attach schedule)...............................................................................................
5.
6. Mortgage loans (attach schedule) ..............................................................................................
6.
7. Other investments (attach schedule) .........................................................................................
7.
8. Depreciable and depletable assets (attach schedule) .................................................................
8.
9. Land........................................................................................................................................
9.
10. Other assets (attach schedule) ..................................................................................................
10.
11. TOTAL ASSETS (add lines 1 through 10)................................................................................
11.
LIABILITIES
12. Accounts payable....................................................................................................................
12.
13. Contributions, grants, etc. payable ........................................................................................
13.
14. Mortgages and notes payable (attach schedule) ........................................................................
14.
15. Other liabilities (attach schedule) ..............................................................................................
15.
16. TOTAL LIABILITIES (Add lines 12 through 15)
16.
FUND BALANCE OR NET WORTH
17. Total fund balance or net worth .............................................................................................
17.
18. TOTAL LIABILITIES AND FUND BALANCE OR NET WORTH (line 16 plus line 17) .................
18.
19. Has there been any substantial change in any aspect of the organization's financial activities since the period
ended , as shown above? ❑ yes ❑ no IF "YES," ATTACH A DETAILED EXPLANATION.
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SECTION 6 - PROPERTY USE
COMPLETE A SEPARATE SECTION
6
FOR EACH INDIVIDUAL LOT FOR WHICH YOU ARE APPLYING FOR EXEMPTION, USING INDIVIDUAL
SHEETS PROVIDED BY THE DEPARTMENT OF FINANCE OR PHOTOCOPIES OF THIS PAGE.
1. Borough: _______________________ Block: ___________ Lot: ___________ (if different from that shown under Section 1 - Ownership Information)
2. Are there any buildings or other improvements on the property?...................................................................................................❑ yes
❑
no
3. If there are no buildings or other improvements, describe the use of the property: ________________________________________________________
4. If there are no buildings or improvements, are such contemplated? ..............................................................................................❑ yes
❑
no
5. If "yes," indicate anticipated date of construction start: ______ / ______ / ______
6. If buildings or other improvements are contemplated, give full details of proposed use(s): __________________________________________________
_________________________________________________________________________________________________________________________
7. Do the minutes of the organization contain a resolution(s) authorizing the contemplated building or other improvement?...........❑ yes
❑
no
IF "YES," ATTACH A COPY OF RESOLUTION(S).
8. State detailed financial resources for contemplated buildings or other improvements: _____________________________________________________
_________________________________________________________________________________________________________________________
9. If the property contains a building, describe in detail the use(s) of the building, floor by floor (attach additional pages, if necessary):
Basement: __________________________
1st Floor: __________________________
2nd Floor: __________________________
3rd Floor: __________________________
4th Floor: __________________________
5th Floor: __________________________
Additional Floors: _________________________
Additional Comments: ____________________________________________________________
10. Is the property or any portion thereof occupied by persons or organizations other than the applicant?.........................................❑ yes
❑
no
11. If "yes," indicate the following: a) Name of occupant(s) ___________________________________ b) Type of use _____________________________
c) Portions of the property so occupied _________________________________________________________________________________________
d) Term(s) of occupancy (length of lease), etc. ____________________________________ e) Amount of rent paid ___________________________
12. Are there unoccupied/vacant buildings, portions of buildings or other improvements on the property? ........................................❑ yes
❑
no
13. If "yes," describe the future contemplated use(s) of the unoccupied/vacant areas: _________________________________________________________
_________________________________________________________________________________________________________________________
14. Is the property or any portion thereof occasionally used by persons or organizations other than the applicant? ...........................❑ yes
❑
no
15. If "yes," state use and indicate specific portion of the property used, frequency of use, and fee charged or contributions received for use: ____________
_________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________
-
AFFIDAVIT
-
STATE OF NEW YORK
SS:
COUNTY OF
_____________________________________________________________ being duly sworn, says under penalty of perjury that
he/she is the owner/applicant or the ___________________________________ of the owner/applicant(s), that the statements
contained in this application, including any attachments to this application, are true to his/her knowledge.
Signature of APPLICANT OR REPRESENTATIVE
Subscribed and sworn to before me this
___________day of________________ 20______
________________________________________
Notary Public
Affix
official stamp or
seal, here.
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NEW YORK CITY DEPARTMENT OF FINANCE
FINANCE
NEW YORK
●
THE CITY OF NEW YORK
DEPARTMENT OF FINANCE
nyc.gov/finance
PROPERTY TAX EXEMPTION UNIT
EXEMPTION FROM REAL ESTATE TAXATION FOR
PROPER TY OWNED BY NONPROFIT ORGANIZATIONS
APPENDIX
PROPERTY USE
COMPLETE A SEPARATE PROPERTY USE FOR EACH INDIVIDUAL LOT FOR WHICH YOU ARE APPLYING FOR EXEMPTION.
1. Borough: _______________________ Block: ___________ Lot: ___________ (if different from that shown under Section 1 - Ownership Information)
2. Are there any buildings or other improvements on the property?...................................................................................................❑ yes
❑
no
3. If there are no buildings or other improvements, describe the use of the property: ________________________________________________________
4. If there are no buildings or improvements, are such contemplated? ..............................................................................................❑ yes
❑
no
5. If "yes," indicate anticipated date of construction start: ______ / ______ / ______
6. If buildings or other improvements are contemplated, give full details of proposed use(s): __________________________________________________
_________________________________________________________________________________________________________________________
7. Do the minutes of the organization contain a resolution(s) authorizing the contemplated building or other improvement?...........❑ yes
❑
no
IF "YES," ATTACH A COPY OF RESOLUTION(S).
8. State detailed financial resources for contemplated buildings or other improvements: _____________________________________________________
_________________________________________________________________________________________________________________________
9. If the property contains a building, describe in detail the use(s) of the building, floor by floor (attach additional pages, if necessary):
Basement: __________________________
1st Floor: __________________________
2nd Floor: __________________________
3rd Floor: __________________________
4th Floor: __________________________
5th Floor: __________________________
Additional Floors: _________________________
Additional Comments: ____________________________________________________________
10. Is the property or any portion thereof occupied by persons or organizations other than the applicant?.........................................❑ yes
❑
no
11. If "yes," indicate the following: a) Name of occupant(s) ___________________________________ b) Type of use _____________________________
c) Portions of the property so occupied _________________________________________________________________________________________
d) Term(s) of occupancy (length of lease), etc. ____________________________________ e) Amount of rent paid ___________________________
12. Are there unoccupied/vacant buildings, portions of buildings or other improvements on the property? ........................................❑ yes
❑
no
13. If "yes," describe the future contemplated use(s) of the unoccupied/vacant areas: _________________________________________________________
_________________________________________________________________________________________________________________________
14. Is the property or any portion thereof occasionally used by persons or organizations other than the applicant? ...........................❑ yes
❑
no
15. If "yes," state use and indicate specific portion of the property used, frequency of use, and fee charged or contributions received for use: ____________
_________________________________________________________________________________________________________________________
STATE OF NEW YORK
AFFIDAVIT
-
SS:
COUNTY OF
_____________________________________________________________ being duly sworn, says under penalty of perjury that
he/she is the owner/applicant or the ___________________________________ of the owner/applicant(s), that the statements
contained in this application, including any attachments to this application, are true to his/her knowledge.
Signature of APPLICANT OR REPRESENTATIVE
Subscribed and sworn to before me this
___________day of________________ 20______
________________________________________
Notary Public
Affix
official stamp or
seal, here.
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