The “parsonage” exemption in New York Real Property Tax Law (RPTL) §462 exempts from taxation homes provided by religious congregations to their “officiating clergy,” and is generally well-recognized by religious organizations and local taxing authorities.
Another tax exemption that is available to religious organizations (and other not-for-profit entities), contained in RPTL §420-a, is less well understood. In many ways, however, it may be even more beneficial, and more valuable, to congregations than the parsonage exemption.
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