NYC Homeowners Will Get Up To $150 Property Tax Rebate: Mayor

NEW YORK CITY — A $150 property tax rebate is headed toward hundreds of thousands of low- and middle-income New York City homeowners, Mayor Eric Adams said.

Adams signed legislation Wednesday morning that provides a one-time rebate to homeowners with a combined income of $250,000 or less.

"This is about delivering direct relief to homeowners in New York who are struggling to get by," he said in a statement.

Checks will automatically go out as soon as this month for some property owners, officials said.

The rebate covers 2022 fiscal year taxes and be the lesser of $150 or the amount of real estate tax liability, officials said.

Eligible properties must be a one-, two- or three-family residence or dwelling in a cooperative or condominium, and be the primary home of the owner, according to the legislation.

The City Council passed the bipartisan legislation this month shepherded by Speaker Adrienne Adams and lawmakers Justin Brannan, Kalman Yeger and Joe Borelli.

Brannan said state lawmakers need enact wider property tax relief.

"To all condo, co-op, and homeowners: consider this a good faith rebate from the city while you wait," he said in a statement.