Property Tax and Interest Deferral (PT AID) Program

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Property Tax and Interest Deferral
(PT AID) Program

Check your eligibility

The NYC Department of Finance recognizes that an unexpected event or hardship may make it difficult for you to pay your property taxes. If you qualify for the Property Tax and Interest Deferral (PT AID) program, you can defer your property tax payments, or pay only a small percentage of your income, so that you can remain in your home.

To determine the best payment plan for you, use the payment plan screening tool.

Highlights

The payment of property taxes can be deferred for a fixed length of time for a temporary hardship, or for a longer period due to a chronic hardship.

The amount you can defer paying is limited to a maximum of 25% of the equity you have in your tax class 1 residential property, or up to 50% of the equity of your condominium unit.

Unpaid debt continues to accrue interest (currently 2.5%).

There are four payment plan options: the Low-Income Senior (LIS), Fixed-Term Income-Based (FTI), Extenuating Circumstances Income-Based (ECI), and Circuit Breaker Plan payment agreements.

Download the PT AID Infosheet

Available plans

Low-Income Senior (LIS) Plan

Senior homeowners experiencing hardship can fully or partially defer payment of their delinquent and future property taxes for either a fixed or indefinite period of time. You can choose to pay 0% (full deferral), 25%, 50%, or 75% of your delinquent and future property taxes. For more information, including terms and conditions, download an application from the list below.

Eligibility

You must be 65 or older.

Your property must be a tax class 1 residential property, or a condominium.

The property must have been your primary residence for at least one year.

You must have a federal adjusted gross income (AGI) of $107,300 or less.

Visit the PT AID Payment Terms Estimate to get an idea of what your payments may look like.

Download the PT AID brochure for seniors.

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Fixed-Term Income-Based (FTI) Plan

Homeowners can enter into a payment plan which limits their payments to a maximum of 8% of their adjusted gross income. The plan may include only the delinquent amount or the delinquent amount plus charges projected to be due over the next year. For more information, including terms and conditions, download an application from the list below.

Eligibility

Your property must be a tax class 1 residential property, or a condominium.

The property must have been your primary residence for at least one year.

You must have a federal adjusted gross income (AGI) of $107,300 or less.

Visit the PT AID Payment Terms Estimate to get an idea of what your payments may look like.

Download the PT AID brochure.

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Extenuating Circumstances Income-Based (ECI) Plan

Homeowners experiencing extenuating circumstances can enter into a payment plan which limits their payments to a maximum 8% of their adjusted gross income while the hardship persists. The Department of Finance defines "extenuating circumstances" as involving the death or serious illness of a property’s owner or immediate family member, loss of income, or enrollment in the Department of Environmental Protection’s Water Debt Assistance Program.

Eligibility

Your property must be a tax class 1 residential property, or a condominium.

The property must have been your primary residence for at least one year.

You must have a federal adjusted gross income (AGI) of $107,300 or less.

You must be able to document an extenuating circumstance such as the death or serious illness of a property’s owner or immediate family member, loss of income, or enrollment in the Department of Environmental Protection’s Water Debt Assistance Program.
Visit the PT AID Payment Terms Estimate to get an idea of what your payments may look like.

Download the PT AID brochure.

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Circuit Breaker Plan

You may be eligible for a payment plan which limits your annual payment to 10% of your adjusted gross income, or $1,500, whichever is greater. The plan includes property tax charges projected over the full tax year plus any delinquent charges you might owe.

Eligibility

Your property must be a tax class 1 residential property, or a condominium.

The property’s assessed value must be $250,000 or less.

The property must have been your primary residence for at least one year.

You must have a federal adjusted gross income of $107,300 or less.

Your most recent quarterly property tax charges must exceed 10% of your quarterly income.

Visit the PT AID Payment Terms Estimate to get an idea of what your payments may look like.

Download the PT AID brochure.

PT AID payment agreement applications & worksheets

Initial Application - Online (the fastest, easiest way to apply)

Initial Application – Paper Application

Online Renewal Application

Income Worksheet

Online Renewal Instructions

Contact PT AID using the online Customer Service Center for any questions not addressed by the above links.

To inquire about the status of your application, contact PT AID using the online Customer Service Center.

Please note that the Department of Finance will send you an online link to a renewal and change form with your current plan information when it is time for you to renew. Unless you are enrolled in the LIS plan, you may only make changes to your plan once every six months.

If you are not eligible for PT AID, Department of Finance has a standard payment plan and a reduced interest rate payment plan. Visit the property tax payment plans page for more information

Frequently asked questions (FAQs)

Apply in person

Department of Finance business centers

You can submit your PT AID application to a Department of Finance business center.
Manhattan / New York County
Bronx / Bronx County
Brooklyn / Kings County
Queens / Queens County
Staten Island / Richmond County
Business Center Services

Foreign language interpretation services for over 175 spoken languages are available in all five of our borough business centers. Visit the information desk and request an interpreter for your language.
Sign language interpreters are available for Department of Finance transactions, including parking ticket hearings and appeals. Call 311 or download and submit the e Request for Sign Language Interpreter application.

For TTY service for the hearing impaired
Call 212-639-9675 (a tele typewriter device is required to use this service).

Get help

Need help? Contact 311 or PT AID.