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The Tax Amnesty program aims to provide relief to homeowners who have fallen into foreclosure status by waiving City interest and penalties on unpaid taxes. This will allow residents to focus on paying off the principal amount owed. The City will also work with property owners to create a payment plan for any outstanding balances, with the goal of having them paid off by June 30, 2024.
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Since its launch in March 2023, the program has already helped over 250 families become current with their taxes and remain in their homes. Many of these families were overcome with tears of relief upon learning that their tax debt would no longer be a burden.
According to Finance Commissioner Edward Ritter, this program provides residents with an opportunity to get back on their feet and preserve their homes. He also noted that while the City is waiving interest, it will still gain significant cash flow and clear up many outstanding balances without having to go through the in-rem/foreclosure process.
For more information on the Tax Amnesty program, interested individuals can contact the Tax Office at (914) 654-2059.
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