ABOUT US
Taxace NY is a boutique real estate tax consultancy specializing in a range of exemption filings, including ICAP Commercial, 421a Residential, and Not-for-Profit (NFP) exemptions. We also provide in-depth tax analysis tailored to your project's unique needs. With our extensive industry expertise, we are dedicated to securing the most favorable outcomes and maximizing the benefits for your development.
OUR SERVICES
ICAP Abatement
ICAP is a commercial abatement program for new construction , rehabilitation and enlargement projects of retail, commercial, community facility, and manufacturing spaces. Maximize your credit and you have maximized your benefits for the entire abatement period. That's our goal.
MIH and UAP Universal Affordability Preference
Inclusionary Housing provides a bump in FAR for Developers in exchange for Affordable Housing. Both MIH and UAP work well together with 421a and 485x . The increase in FAR will be based on the lot and type of inclusionary.
421a Residential Exemption
The 421a Residential exemption is a 35 year exemption for new construction projects. All projects starting construction prior to June 15, 2022 will grandfather into the existing program.
NFP Exemption
Not For Profit Exemption is an exemption for properties owned and used by 501C3 Entities. The exemption provides a 100% benefit for the property.