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As usual, Steve is correct in noting that the coop itself can't condition abatements or assessments on income, and I don't believe the city does, either - at least for the Coop/Condo abatement. However, the STAR credit *does* have an income limit set by the state of NY. You're not eligible if your household income exceeds $500,000. See https://www.tax.ny.gov/star/
- Carl
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I don't think so. Imposing such an income test would create two separate classes of shareholders, which is strictly prohibited. It's the DoF who determines who's eligible for the abatement. They send a list each year with the amount of the abatement for each unit, and which units are ineligible. If you're on the list as eligible you get it regardless of your income.
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