Childcare Center Property Tax Abatement – Property owners: join in the effort to make childcare available in New York City! NYC is investing in an accessible, equitable, and high-quality childcare system. Among the many strategies to accomplish this goal is the expansion and extension of the property tax abatement for property owners who retrofit space to accommodate childcare centers.
Property owners who create a childcare center or increase the number of seats at an existing childcare center may be eligible for a property tax abatement covering up to $750,000 of construction costs required to create the child care seats (over five years).
The application deadline for the 2026 tax period is March 16, 2026.
Download the FAQ document here. If you have questions about the abatement, please email OfficeofChildCare@cityhall.nyc.gov.