New York City has reportedly nixed a tax break worth nearly $50,000 that President Trump Donald John TrumpBiden on Trump's refusal to commit to peaceful transfer of power: 'What country are we in?' Romney: 'Unthinkable and unacceptable' to not commit to peaceful transition of power Two Louisville police officers shot amid Breonna Taylor grand jury protests MORE was expected to receive for his Trump Tower condo.

The New York Daily News reported on Thursday that the city made the decision after receiving inquiries from the newspaper regarding his eligibility for the city's condominium abatement, which is a tax break available to condo and co-op owners.

“We have removed the exemption and have contacted the managing agent to update their records,” New York City's Department of Finance spokeswoman Sonia Alleyne told the News on Thursday. “Managing agents are required by law to inform the Department of Finance of primary residency changes.”

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The newspaper noted that on Tuesday, city records had indicated Trump was going to save $48,834.62 on his tax bill for the year beginning July 1.

But a homeowner can only be eligible to receive the specific tax break if a condo is one's primary residence, the outlet reported. Trump has not kept a primary residence at the Trump Tower since moving to the White House on Jan. 20, 2017, the day of his inauguration.