I cannot find any specific guidance on this from New York City but normally a rebate such as this would have you reduce the applicable tax that you would deduct as an itemized deduction; in this case property taxes. It is not necessary to report the rebate as an income item unless this is a reimbursement for a prior year that you have previously deducted on your return.
As New York and New York City are known as high tax jurisdictions, the property taxes paid in the past may not have had a beneficial effect on your personal returns if all your other state and local taxes exceeded $10,000, the limit for state and local taxes.
@tjpeluso1
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