Brooklyn Property Tax Exemptions: Are You Missing Out on Thousands in Savings?

Brooklyn Property Tax Exemptions: Are You Missing Out on Thousands in Savings?

For many Brooklyn homeowners, rising property taxes feel like an unavoidable part of ownership. But what if you’re paying more than you should — and there’s a way to reduce your tax bill significantly?

The truth is: there are exemptions specifically designed to support homeowners like you. Yet each year, countless New Yorkers miss out simply because they’re unaware or unsure of how to apply.

At Pen Realty, we believe smart ownership means smart savings. Here’s what you need to know.

Who Qualifies for Property Tax Exemptions in Brooklyn?

New York City offers a range of programs that provide partial tax relief — especially for those who own and occupy their homes as a primary residence. Some of the most impactful exemptions include:

• Senior Citizen Homeowners Exemption (SCHE): For homeowners aged 65+ with limited income.

• Disabled Homeowners Exemption (DHE): Designed for individuals with documented disabilities.

• Veterans Exemption: Benefits those who have served in the military, offering several tiers based on service and combat status.

• School Tax Relief (STAR) Program: Available to primary residence owners with household incomes under $250,000.

You can find more information and access applications via the NYC Department of Finance or your local tax assessor’s office.

Why These Exemptions Matter

Let’s put it into perspective: A modest exemption might shave $500–$3,000 or more off your annual property tax bill — and those savings can compound year over year.

With the average Brooklyn property tax bill approaching $6,000–$10,000, that’s not pocket change. It’s real money that can be reinvested in home improvements, family needs, or even giving back to causes you care about.

Why Many Homeowners Miss Out

According to the New York Times and The Real Deal, many homeowners don’t realize they qualify — or assume the application process is too complicated. In reality, most exemptions require a simple application and proof of eligibility.

As a local real estate professional and long-time Brooklyn resident, I’ve walked clients through this process many times. It’s one more way we advocate for the long-term financial health of our community.

How to Apply — And Get Expert Help

Your first step is to verify eligibility with the NYC Department of Finance or call your local assessor. But if the paperwork feels overwhelming or if you’re unsure where to start, I’m happy to guide you.

📞 Connect with me at penrealty.net
📧 Email: [email protected]

And when you do save, I invite you to join me in supporting CaringKind, an organization near to my heart providing dementia care and education in New York City.
Donate here 💜

Final Thoughts

Being a homeowner in Brooklyn comes with pride — and responsibility. But it shouldn’t come with unnecessary expenses. If you or someone you love might qualify for tax relief, now is the time to act.

Let’s unlock those savings together.

  Ready to Save on Property Taxes?

Let Peter Mancini help you determine which exemptions you qualify for.
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💜 Support Dementia Care:
Donate to CaringKind NYC → penrealty.net/donate-to-caring-kind-ny