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Real Property Tax Credit

New York State Department of Taxation and Finance · State program

Refundable tax credit; amount depends on tax form rules and eligibility.

New York offers a refundable income tax credit for some low-income homeowners and renters based on real property taxes, not for hardening work. It is included only because it is a statewide homeowner tax incentive, but it does not fund disaster mitigation improvements.

Last verified: August 1, 2026
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Program details

How it works

This is a refundable personal income tax credit claimed on Form IT-214. It is based on eligibility rules tied to income, residency, property value, and whether the claimant is a homeowner or renter.

What the money covers

The official page describes relief from property taxes; it does not pay for home hardening work, mitigation improvements, or disaster repairs.

Amounts and matching

The page does not frame the benefit as a hardening subsidy. The credit amount depends on the tax form instructions and the claimant’s facts.

How to apply

If you file a New York State personal income tax return, you complete Form IT-214 and submit it with the return.

Timing and deadlines

The page notes that for tax years beginning on or before December 31, 2024, taxpayers should refer to the applicable IT-214 instructions for that year.

Full eligibility details

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