Nonprofits losing property-tax exemptions - NYPOST.com: The city has yanked property-tax exemptions worth $38 million from more than 900 nonprofits that couldn’t prove they deserved the breaks or didn’t bother to respond to a city survey, The Post has learned.
The action by the Finance Department takes effect July 1 and comes after outreach efforts, warning letters and in-person visits by assessors trying to determine which organizations legitimately deserve the waivers, which ones are gaming the system, and which simply slipped under the radar.
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