SCHE lowers the property taxes of eligible seniors. You may be able to reduce your home's assessed value by 5-50% depending on your income.
Apply by March 15th for benefits to begin on July 1st of that year. If March 15 falls on a weekend or holiday, the deadline is the next business day.Requires proof of age, income, and tax deduction.If your property qualifies for SCHE and the Disabled Homeowners Exemption (DHE), you will only be granted SCHE. You cannot get both.Renew every two years by March 15. The Department of Finance will send you a renewal application when it is time to renew. If you do not renew, your property taxes could increase significantly.
To be eligible for SCHE, you must meet these requirements:Own a one-, two-, or three-family home, condo, or coop apartment.All owners of the property are 65 or older. However, if you own the property with a spouse or sibling, only one of you need to be 65 or older.All owners must live on the property as the primary residence.The combined income for all owners must be less than or equal to $58,399.You must own the property for at least 12 consecutive months before the date of filing for the exemption. This is not a requirement if you got the exemption on a property that you owned before.
To apply for SCHE you will need to prove the following:Your age: you need a copy of a government-issued IDYour income: copies of federal tax returns and additional forms (schedules) for all owners. If any owners do not file a tax return, provide proof of yearly earnings.Your deductions:Copies of receipts for your paid medical bills not covered by insurance for your income documentation year, ORCopy of your Schedule ADepending on your application, you may need a trust agreement, will, or other legal documents.
How to Apply
Apply by March 15 for benefits to begin on July 1 of the same year. If March 15 falls on a weekend or holiday, the deadline is the next business day. Apply online: (https://a836-pts-efile.nyc.gov/SmartFile/Filing/FilingType/Info/NYC_SCHE) Complete the online application (https://a836-pts-efile.nyc.gov/SmartFile/Filing/FilingType/Info/NYC_SCHE_COOP) . If you live in a co-op, apply using the (https://www1.nyc.gov/assets/finance/downloads/pdf/payment_operations/2020/sche-initial.pdf) SCHE co-ops application (http://www1.nyc.gov/site/finance/pay-now/person.page) .Apply by mail: (https://a836-pts-access.nyc.gov/care/search/commonsearch.aspx?mode=address) Download and print the initial exemption application or call 311 to get one mailed to you. Mail your completed application and documents to:New York City Department of FinanceHomeowner Tax BenefitsP.O. BOX 311 Maplewood, NJ 07040-0311Apply in person: Visit a Department of Finance Business Center.When applying, you will need the borough, block, and lot (BBL) for your home. Use the Property Address Search to get this information.
(https://a836-pts-efile.nyc.gov/SmartFile/Filing/FilingType/Info/NYC_SCHE) Apply online (https://a836-pts-efile.nyc.gov/SmartFile/Filing/FilingType/Info/NYC_SCHE_COOP) by March 15 for benefits to begin on July 1. If March 15 falls on a weekend or holiday, the deadline is the next business day.If you live in a co-op, apply using the (https://a836-pts-access.nyc.gov/care/search/commonsearch.aspx?mode=address) SCHE co-ops application.When applying, you will need the borough, block, and lot (BBL) for your home. Use the Property Address Search to get this information.
Find a center
Send a message at nyc.gov/contactdof (http://www.nyc.gov/contactdof) Visit the SCHE website (http://www1.nyc.gov/site/finance/benefits/landlords-sche.page) to learn more.Call 212-NEW-YORK (212-639-9675)