Property Tax Payment Agreement Request Form - New York City Department Of Finance
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2NEW YORK CITY DEPARTMENT OF FINANCE
PAYMENT OPERATIONS DIVISION
PROPERTY TAX PAYMENT AGREEMENT REQUEST
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ALL INFORMATION MUST BE COMPLETE FOR THE APPLICATION TO BE CONSIDERED
Department of Finance
Bring your completed application to one of Finance’s
Business
Centers.
SECTION 1 - PROPERTY INFORMATION
1. Address
a.______________
b.___________________________________________
c._______________
HOUSE NUMBER
STREET NAME
APARTMENT NUMBER
Your property’s BBL can be found on the notice re-
2. BBL
a.____________________ b._____________
c._______________
ceived with this form or at
BOROUGH
BLOCK
LOT
SECTION 2 - APPLICANT INFORMATION
1. Applicant
a.___________________________________
b._______________________________________
FIRST NAME
LAST NAME
2. Social Security #:
3. Date of Birth:
4. Phone:____________________
MM
DD
YYYY
5. Email:__________________________________________
6. Is this your Primary Residence?
YES
NO
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SECTION 3 - INSTRUCTIONS
DOCUMENTATION
Only an owner, an owner’s authorized agent, or other eligible person (such as an estate beneficiary) may file a request for a payment
agreement at any Finance Business Center.
To complete the application process, the filer must provide:
Proof of identity (e.g., copy of a driver’s license or non-driver ID), and
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Proof of relationship to the property (e.g., copy of most recent recorded deed or Power of Attorney from owner of record).
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Proof of being an officer of the corporation (if the property is owned by a corporation).
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OPTIONS
Finance offers payment agreements with:
A down payment as little as zero. The Department of Finance recommends making a greater than zero down payment to reduce inter-
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est payments.
Monthly or quarterly installments.
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Terms can range from one year to ten years. Please indicate the desired length by filling in the blank below.
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Check if you already have an existing Payment Agreement that is in default and would like to have a Second Chance Payment
Agreement that requires a 20% down payment on all outstanding debt as of today.
SUMMARY OF AGREEMENT RULES
The interest rate is 6% or 18%, depending on the assessed value of the property. Interest continues to accrue on any unpaid
amount until the agreement is paid in full.
If you fail to make both your scheduled installment payments and pay any new taxes/charges on the property for a period of six
months:
Your agreement is considered in default and may be cancelled.
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The property will then be eligible for any and all collection actions, including tax lien sales
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You will be unable to enter into another payment agreement for that property for the next five years.
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If you can show that you had unusual circumstances that may have impacted your ability to pay your property taxes (which we call “extenuating
circumstances), you may be able to enter into another payment agreement even if you defaulted on a prior one.
PROPERTY TAX EXEMPTIONS
There are exemptions from Property Tax for which you may apply. If you are eligible for one or more of the applicable exemptions, your
property may be excluded from a tax lien sale.
I have received information regarding eligibility for Property Tax exemption programs.
Initial the box to the right to verify receipt of exemption information.
MAKING PAYMENTS
Payments should be made payable to New York City Department of Finance and mailed to the NYC Department of Finance, Pay-
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ment Operations, 59 Maiden Lane, 19th Floor, New York, NY 10038, made online at
nyc.gov/payonline
or brought into one of the
Business
Centers.
INDICATE LENGTH OF AGREEMENT
INDICATE PAYMENT FREQUENCY
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You must indicate the length of the agreement: ___________ Years.
Quarterly
Monthly
INDICATE DOWN PAYMENT AMOUNT
Indicate the percent of the debt to be paid now. 20% or higher is required to reinstate agreements that are in default: ______________%
Property Tax Installment Agmt Req. - Rev. 02.09.2017
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