INSTRUCTIONS: NEW YORK APPLICATION FOR REAL PROPERTY TAX EXEMPTION FOR RESIDENTIAL-COMMERCIAL URBAN EXEMPTION PROGRAM (Form RP-485-a)

In any New York city, town or village other than New York City which has adopted section 485-a of the state's real property tax law, business owners who convert a non-residential property into a property with mixed residential and commercial uses may apply for a 12-year property tax exemption. If approved, taxes will not be paid for the first eight years, after which the percentage of exemption will decrease until regular property taxes must be paid. The form can be found on the website of the state's tax department.

New York Application For Real Property Tax Exemption For Residential-Commercial Urban Exemption Program RP-485-a Step 1: Give the name and telephone numbers of the owners in section one, their mailing address in section two, and the location of the property in section three, as well as the property identification number.

New York Application For Real Property Tax Exemption For Residential-Commercial Urban Exemption Program RP-485-a Step 2: In section four, give a general description of the property. You may attach plans or specifications if necessary.

New York Application For Real Property Tax Exemption For Residential-Commercial Urban Exemption Program RP-485-a Step 3: In section five, describe how the property is used.

New York Application For Real Property Tax Exemption For Residential-Commercial Urban Exemption Program RP-485-a Step 4: In section six, describe the alterations, improvements or installations made to convert the non-residential facility into a mixed-use facility.

New York Application For Real Property Tax Exemption For Residential-Commercial Urban Exemption Program RP-485-a Step 5: In section seven, give the cost of this conversion.

New York Application For Real Property Tax Exemption For Residential-Commercial Urban Exemption Program RP-485-a Step 6: In section eight, give the date on which conversion began. In section nine, give the date on which it ended. Attach a certificate of occupancy or any other document certifying completion of the project.

New York Application For Real Property Tax Exemption For Residential-Commercial Urban Exemption Program RP-485-a Step 7: In section ten, note if this property has ever received any other exemptions. If so, give all details requested about this exemption.

New York Application For Real Property Tax Exemption For Residential-Commercial Urban Exemption Program RP-485-a Step 8: One property owner should sign and date the form.