Coronavirus (COVID-19) Relief Center
Coronavirus (COVID-19) Relief Center
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New York State
These resources – like the public health crisis itself – are constantly evolving and are only current as to the date of publication. This page was last updated on July 20, 2020.
We recommend that you monitor this site, as well as the sites referenced in these resources, for updates and changes as we expect the situation and solutions to change over the coming weeks and months. For information on specific programs, we encourage you to visit the websites of the organizations or government entities that are responsible for the relief.
Description of Program and Relief
NYC Property Tax and Interest Deferral Program
The New York City Department of Finance offers the Property Tax and Interest Deferral (PT AID) program, which allows qualifying homeowners to defer their property tax payments, or pay only a small percentage of their income, so that they can remain in their home after suffering unexpected financial hardship due to “extenuating circumstances.” Qualified participants can enter a payment plan that limits their payments to a maximum of 8% of their adjusted gross income while the hardship persists.
Government or Lead Agency
New York City Department of Finance
Dates Available
Available immediately.
Eligibility Requirements/Restrictions
The Department of Finance defines “extenuating circumstances” as involving the death or serious illness of a property’s owner or immediate family member, loss of income, or enrollment in the Department of Environmental Protection’s Water Debt Assistance Program. An applicant must satisfy the following additional requirements:
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The property must be a one to three unit tax class 1 residential property, or a condominium;
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The property must have been their primary residence for at least one year; and
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They must have a federal adjusted gross income (AGI) of $58,399 or less.
Application Deadlines (If Applicable)
No deadline.
Applications can be submitted (1) online; (2) by mail to the NYC Department of Finance, 59 Maiden Lane, 19th Floor, New York, NY 10038; or (3) in-person at any Department of Finance business center (although this is not recommended in light of the outbreak).
Contact for More Information
List of Additional Information
© 2021 Paul, Weiss, Rifkind, Wharton & Garrison LLP. This does not constitute legal advice and does not create an attorney-client relationship. In some jurisdictions, this publication may be considered attorney advertising. Past representations are no guarantee of future outcomes.