New York's Cooperative and Condominium Community
I found this on the Department of Finance website. My co-op never gives us this information. It just says Star/Abatement (one amount) on the monthly statement. It would be great to request this type of breakdown especially 60 days in advance.
“Cooperative apartment corporations must provide to each eligible tenant-shareholder a written statement detailing the full amount of the STAR exemption (or STAR-related savings) including information regarding how the amount was calculated, and how the exemption or saving is being credited to the tenant-shareholder. Such a written statement must be mailed to each eligible tenant stockholder within 60 days of the corporation’s receiving the exemption of savings.”
Introduce yourself to other members of Board Talk! Log in below or register here.
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.
Habitat U: learn about how to manage a building, and what you should know as a co-op or condo board member.
Search, by word or phrase, all magazine articles from January 2002 to present. You may print or email your results. Print subscribers receive free access to the Habitat Article Archive.
Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments
Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise
Got elected? Are you on your co-op/condo board?
Then don’t miss a beat! Stories you can use to make your building better, keep it out of trouble, save money, enhance market value, and make your board life a whole lot easier!