Form RP-467-K1: Partial Tax Exemption for Flood Insurance Properties in Syracuse

Form RP-467-K1 is a New York State property tax form used specifically by homeowners in the City of Syracuse whose residential property sits within an area covered by the Federal Flood Insurance Program. It’s issued by the New York State Department of Taxation and Finance, but the exemption itself is a local option adopted under Real Property Tax Law provisions that let certain municipalities offer partial tax relief to residents who face the added financial burden of mandatory flood insurance.

The form is officially titled “Application for Partial Tax Exemption for Residential Property in the Federal Flood Insurance Program in the City of Syracuse.” That title is long, but it tells you exactly what the form does: it lets eligible homeowners apply for a reduction in their assessed property taxes because their home is located in a flood zone requiring federal flood insurance coverage.

Who Needs This Form

This exemption applies narrowly. You need Form RP-467-K1 only if you own residential property physically located within the City of Syracuse boundaries, and your property falls inside a designated flood zone that requires you to carry federal flood insurance under the National Flood Insurance Program. If either of those conditions doesn’t apply to you, this particular form isn’t relevant to your situation.

Homeowners outside Syracuse dealing with flood-related tax questions should check with their own local assessor’s office, since flood insurance property tax exemptions are typically enacted on a municipality-by-municipality basis rather than as a blanket statewide benefit. Syracuse adopted this specific exemption locally, and the RP-467-K1 form is the official application tied to that local law.

When to File

Property tax exemption applications in New York generally follow the taxable status date set by the local assessing unit, which is typically March 1st in most municipalities, though Syracuse may have its own specific deadline worth confirming directly with the city assessor’s office. Filing after the deadline usually means waiting until the following assessment cycle, so it’s worth marking your calendar and gathering documentation well ahead of time.

You’ll generally need to renew or reapply periodically, since exemption status isn’t always permanent and assessors may require updated proof of your flood insurance requirement and property eligibility each cycle. Keep copies of your flood insurance policy and any correspondence from FEMA or your insurer showing the flood zone designation, since assessors typically want that documentation attached to or referenced in your application.

How to Get and Complete the Form

The form is available as a fillable PDF directly from the New York State Department of Taxation and Finance website. Because it’s built as an AcroForm, you can type your information directly into the PDF fields on your computer before printing it for signature and submission, rather than filling it out by hand. This makes the process faster and reduces the chance of illegible entries that could slow down processing at the assessor’s office.

When completing the form, you’ll typically need to provide your property’s tax map or parcel identification number, your name and mailing address, proof that your property is located in a federally designated flood zone, and confirmation that you carry the required flood insurance. Double-check every entry against your deed and insurance documents before submitting, since mismatched information is one of the most common reasons applications get delayed.

Once completed, the form goes to the City of Syracuse assessor’s office rather than to the state tax department, since local assessors administer property tax exemptions even when the forms themselves are standardized statewide. If you’re unsure where exactly to submit it or what supporting documents your local office wants, a quick call to the assessor’s office beforehand can save you a resubmission.

Homeowners exploring other property tax relief options in New York might also want to look at Form RP-467-D for senior or disabled living quarters exemptions, or review municipal-specific exemptions like Form RP-466-G for volunteer firefighters in Onondaga County, since many New York exemptions are similarly tied to local law adoption. There’s also Form RP-466-M for ocean rescue squad members in Southampton, another example of a hyper-local exemption form worth knowing about if you’re researching how these municipal tax breaks function across the state.