J-51 R Tax Abatement Program Extension and Update
Sector: Commercial • Location: New York City, New York, United States
Source: Habitat Magazine
The J-51 R tax abatement program is an incentive for co-ops and condos in New York City to offset costs of major building repairs and upgrades, including facade repairs and roof replacements. The program allows eligible owners to offset 70% of qualifying capital improvement costs against their property tax bill over a minimum of 12 years. The current program is set to expire on June 30, 2026, and
- Status
- Prospective
- Sector
- Commercial, Residential, Government
- Location
- New York City, New York, United States of America
- Updated
- 22 Jul 2026
- Source
- Habitat Magazine
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Project Information
Participants
Sponsoring Agency |
Status
Original status | planned |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The J-51 R tax abatement program is an incentive for co-ops and condos in New York City to offset costs of major building repairs and upgrades, including facade repairs and roof replacements. The program allows eligible owners to offset 70% of qualifying capital improvement costs against their property tax bill over a minimum of 12 years. The current program is set to expire on June 30, 2026, and advocates are pressing lawmakers to extend and update the program to help buildings meet city regulations on climate and infrastructure, expand eligibility, reduce application fees, and address the tight timeline for completing work. |
Original sector | Built Sector |
Location
Country | United States of America (USA) |
State | New York |
City | New York City |
Source
Source | Habitat Magazine |
URL |
More Details
Record type | Project |
Sector | Commercial, Residential, Government |
Article published date | 2025-12-06 |
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