ABOUT US
Taxace NY is a boutique real estate tax firm. We provide ICAP Commercial Exemption Filings, 421a Residential Exemption Filings, NFP Exemption Filings and and extensive Tax Analysis . With our extensive knowledge, we will ensure the best outcome for your project. Taxace NY is committed to maximizing your projects benefits.
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.
Mandatory and Voluntary Inclusionary Housing
Inclusionary Housing provides a bump in FAR for Developers in exchange for Affordable Housing. Both MIH and VIH work well together with 421a. 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.