Practice Areas

420-a Real Estate Tax Benefits

The 420-a program provides a full or partial real estate tax exemption to not-for-profit organizations if their property is used exclusively for religious, charitable, hospital or educational purposes.

Ownership
Legal title to the real property for which exemption is sought must be in the name of the not-for-profit applicant.

Type of Organization and Use of the Property
The purposes for which the 420-a applicant is organized and the use of the real property owned by the 420-a applicant must be religious, charitable, hospital, educational or moral or mental improvement of men, women or children.

Ineligible Uses / Partial Exemption
If a portion of the property is used for ineligible purposes (i.e. commercial uses), an exemption may be sought only for the part of the property that is used for eligible purposes. Unused portions of the property leased for ineligible purposes are not eligible for the exemption. Unimproved land and/or vacant buildings may be eligible if proof of contemplated use or construction in progress is submitted.

Please contact Jay G. Seiden at .(JavaScript must be enabled to view this email address) to discuss your project’s eligibility for 420-a benefits.