More incentives. Less taxing

RE Tax Service brings you veteran real estate tax experts who strategically plan the tax incentive process for you, ensuring the approval and success of significant tax relief on your properties.

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We obtain max tax benefits for new construction and rehabilitation projects under 421A(16), also known as Affordable New York Housing Program; ICAP, also known as the Industrial Commercial Abatement Program; and other incentive programs.

About 421A About ICAP
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Our knowledge is your power

It may sound simple, but good, trusted counsel is the result of data and experience. As a tax certiorari-based firm, we don’t just guide you through the tax incentive process. We educate you with rich, hard-won information before taking action.



Part of our passion is to deliver honest recommendations. We believe thorough situational analysis saves time and effort for everyone involved, helping avoid exemption filings that are destined for negative results. Indeed, knowledge is not merely a valuable asset for our clients—it defines RE Tax Service!

421A

The 421A (16) Opportunity

Affordable New York Housing Program (ANYHP)

Maximize the gains on your next residential project with the 421A (16) exemption. We take pride in assisting real estate owners and developers navigate the intricacies of NYC’s property tax system and procure the program’s benefits.



The NYC Department of Finance, in cooperation with the NYC Department of Housing Preservation and Development (HPD), offers this program to property owners and developers, disburdening them of their property tax liability for a period of 35 years above base tax, thus allowing them substantial savings.

Benefits Full Requirements

The Condo Criteria

While rental projects can receive up to 35+ years in tax exemption, condo projects can benefit of 20+ years in capped tax relief.

Benefits

How we untangle the knots & show you the ropes

To ensure your obtain the maximum available tax benefitsh

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Practice with Prescience

We wield profound understanding of property value and assessment. From successfully correcting building-classification inaccuracies to tax appealing and consulting, property tax specifics are our primary language—a significant advantage to our clients.



When we review all the available tax relief options with you, we can reliably predict whether it pays to apply for the tax exemption. While the 421A (16) program is very beneficial to many developers, property owners, and mid-high income tenants, there are scenarios where the aforementioned will result negatively.

2

Practice with Prescience

We wield profound understanding of property value and assessment. From successfully correcting building-classification inaccuracies to tax appealing and consulting, property tax specifics are our primary language—a significant advantage to our clients.



When we review all the available tax relief options with you, we can reliably predict whether it pays to apply for the tax exemption. While the 421A (16) program is very beneficial to many developers, property owners, and mid-high income tenants, there are scenarios where the aforementioned will result negatively.

3

Practice with Prescience

We wield profound understanding of property value and assessment. From successfully correcting building-classification inaccuracies to tax appealing and consulting, property tax specifics are our primary language—a significant advantage to our clients.



When we review all the available tax relief options with you, we can reliably predict whether it pays to apply for the tax exemption. While the 421A (16) program is very beneficial to many developers, property owners, and mid-high income tenants, there are scenarios where the aforementioned will result negatively.

Maximize Your Benefits

The Industrial & Commercial Abatement Program (ICAP) Opportunity

Industrial and Commercial projects subject to alteration, renovation or new construction may be eligible for the Industrial and Commercial Abatement Program (ICAP) property tax abatement.

Benefits Full Requirements