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Smith Johnsons
Established 1983
John Stephenson
Account Executive
Phone: 212-529-118
Fax: 646-111-2220
E-mail: johns@gmail.com
November 19, 2018
To All Shareholders
The Labyrinth Owners Corporation
541 East 92nd Street New York, New York 10110
Re: 541 East 92nd Street, NYC Co-op tax abatement
Ladies and Gentlemen:
As has been the practice of the corporation in past years, credits related to the 2017/2018 NYC real estate tax abatement will be distributed to qualified shareholders on the December 2018 maintenance statements. An assessment in the amount of $5.01 per share will also appear on your December 2018 maintenance statement. For most shareholders, the credit will effectively offset the assessment. Credits due under the Star and Veteran abatement programs will also be distributed on the December 2018 statements.
Please remember the abatement program was modified in 2013 by state legislation that made it contingent on your use of the apartment as a primary residence. Those shareholders whom the city has determined do not occupy their apartments as their primary residence, no longer receive the abatement. Please remember that neither the Board of Directors nor management determines the abatement amount per shareholder; this is solely determined by the Department of Finance. If you have not received the abatement, and 541 East 92nd Street is your primary residence, please call me so I may assist you in completing the necessary forms to file with the City.
Please contact me with any questions.
Sincerely,
Smith Johnsons Residential Management LLC
As Agent for 541 Labyrinth House Owners Corp.
By John Stephenson, Account Executive
Smith Johnsons
Established 1983
John Stephenson
Account Executive
Phone: 212-529-118
Fax: 646-111-2220
E-mail: johns@gmail.com
November 19, 2018
To All Shareholders
The Labyrinth Owners Corporation
541 East 92nd Street New York, New York 10110
Re: 541 East 92nd Street, NYC Co-op tax abatement
Ladies and Gentlemen:
As has been the practice of the corporation in past years, credits related to the 2017/2018 NYC real estate tax abatement will be distributed to qualified shareholders on the December 2018 maintenance statements. An assessment in the amount of $5.01 per share will also appear on your December 2018 maintenance statement. For most shareholders, the credit will effectively offset the assessment. Credits due under the Star and Veteran abatement programs will also be distributed on the December 2018 statements.
Please remember the abatement program was modified in 2013 by state legislation that made it contingent on your use of the apartment as a primary residence. Those shareholders whom the city has determined do not occupy their apartments as their primary residence, no longer receive the abatement. Please remember that neither the Board of Directors nor management determines the abatement amount per shareholder; this is solely determined by the Department of Finance. If you have not received the abatement, and 541 East 92nd Street is your primary residence, please call me so I may assist you in completing the necessary forms to file with the City.
Please contact me with any questions.
Sincerely,
Smith Johnsons Residential Management LLC
As Agent for 541 Labyrinth House Owners Corp.
By John Stephenson, Account Executive