Property Tax Payment Plan

If you have overdue property taxes, you may be eligible to set up a payment plan, so you can pay what you owe in installments instead of all at once.

With a DOF payment plan, also called a payment agreement, you make quarterly or monthly payments over a period of time ranging from 1 to 10 years. You don’t have to make a down payment. You must continue to make payments on your current property taxes.

Property Tax and Interest Deferral (PT AID) Program

If you are experiencing hardship and have fallen behind on your property taxes or are in danger of falling behind, you may want to consider applying for a Property Tax and Interest Deferral (PT AID) plan instead of a standard payment plan.

Like standard payment plans, PT AID payment plans allow you to pay overdue property taxes in multiple installments, but because it takes into account your income and ability to pay, your scheduled payments are likely to be lower and you may be able to defer payments. Standard plans also don't allow you to defer payments for future property tax bills; you must continue to make payments on your property taxes as they become due.

If you're currently on a standard payment plan, you may switch to a PT AID plan if you are in good standing and meet the eligibility requirements of the program.

To learn more about PT AID, visit the Property Tax Payment Deferral page.

You can submit a Property Tax Payment Plan application online, in person, or by mail.

You need to provide:

Government-issued photo ID, such as a valid driver’s license or non-driver ID
Proof of relationship to the property, such as the most recent recorded deed or Power of Attorney from the owner of record

If the property is owned by a corporation, the individual who signs the payment agreement must first provide written proof of Power of Attorney or that they are an officer of the corporation.

DOF staff will review your request and documents to determine if you're eligible for a payment plan. If you're eligible, they'll discuss payment terms with you and give instructions on how the plan works and how much and how often you must pay.

Online

Apply for a property tax payment plan.

Documents may be attached as photos or scanned.

In Person

Bring your completed application and the required documents to a DOF Business Center. Paper applications are available at all DOF Business Centers. No appointment is necessary, however you can schedule an appointment to ensure social distancing at the centers.

By Mail

Mail the required documents and application to:

NYC Department of Finance
Lien Sale Exemptions Unit
59 Maiden Lane, 22nd Floor
New York, NY 10038

Download the property tax payment plan application.

You can request a paper application by mail.

Call 311 to request a paper copy.

After you are enrolled in the program, you will make quarterly or monthly payments over a period of time ranging from 1 to 10 years. Down payments aren't required.

You can use the Payment Agreement Estimator to help you calculate out how much each payment installment would be on the plan.

Once your plan is set up, you will have to pay both your current property taxes and your scheduled payment for the plan. Property taxes continue to accrue interest. If the property is assessed at $250,000 or less, the interest rate is 7%. For properties valued over $250,000, the interest rate is 18%.

You must make your scheduled payments on time. If you fail to do so for six months, your agreement will be in default and the Department of Finance may cancel it.

Mail payments to:

NYC Department of Finance
Payment Operations

59 Maiden Lane, 19th Floor

New York, NY 10038

Bring these documents to your interview:

Government-issued photo ID, such as a valid driver’s license or non-driver I.D.
Proof of relationship to the property, such as the most recent recorded deed or Power of Attorney from the owner of record

Corporations

If the property is owned by a corporation, the individual who signs the payment agreement must first provide written proof of Power of Attorney or that they are an officer of the corporation.

Once your plan is set up, you will have to pay both your current property taxes and your scheduled payment for the plan.

You must make your scheduled payments on time. If you fail to do so for six months:

Your agreement will be in default and may be cancelled by the Department of Finance
The property may be at risk for the tax lien sale and you may get the 90-Day Tax Lien Sale Warning Notice
You can't enter into a payment plan for the property for the next five years

You may be eligible to have a defaulted payment agreement reinstated or enter into a new payment agreement if you pay 20% down for all charges, interest, and fees owed, or if you have a qualifying extenuating circumstance.

Extenuating Circumstances

Extenuating circumstances are limited to the following four categories:

The death of someone who signed the payment agreement, of any person named on the property deed, or of a contributing household member
A loss of income to the person who signed the payment agreement, to any person named on the property deed, or to a contributing household member due to an involuntary absence from the property for a consecutive period of six months or more for treatment of an illness, for military service, or under court order
A loss of income to the person who signed the payment agreement, to any person named on the property deed, or to a contributing household member due to unemployment for any consecutive period of six months or more
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