The Nonprofit Exemption is a New York City property tax benefit that allows eligible nonprofit organizations to reduce or eliminate their real estate tax obligations. By lowering operating costs, the program enables charities, educational institutions, healthcare providers, and other nonprofit organizations to focus more resources on delivering essential services to the community. Metropolitan Realty Exemptions provides the expertise needed to secure and maintain this valuable tax relief.
This exemption ensures that properties dedicated to public-serving purposes can operate without the financial burdens associated with property taxation. The program supports the long-term sustainability of organizations that improve quality of life across New York City.
The Nonprofit Exemption applies to properties that are:
Eligibility depends on both ownership status and qualifying property use.
The exemption delivers significant financial and operational advantages:
The Nonprofit Exemption is an essential tool that supports the mission and financial health of New York City nonprofits. With Metropolitan Realty Exemptions as your partner, your organization can secure maximum tax relief while staying fully compliant—allowing you to serve the community without unnecessary financial strain.
Contact Metropolitan Realty Exemptions today to protect your nonprofit’s resources and maximize its community impact.