Everything You Need to Know About NYC’s 421-a Tax Program

The original 421a tax abatement program began in 1971 and is named after section 421-a of the New York Property Tax Law. The tax abatement was meant to encourage developers to build multi-family residential buildings, with an emphasis on affordable housing, in New York City. There are multiple variations of the 421a tax abatement, ranging from terms of 10 to 25 years.

How Long Will My 421a Tax Abatement Last?

What is the 421a Tax Abatement in NYC? (2019) | HauseitⓇ

Risks to Buying a 421a Tax Abatement Unit

Selling a 421a Tax Abatement Apartment

What’s the Difference Between Maintenance and Common Charges in NYC? (2019) | Hauseit®

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