Title RPT, Real Property Tax

§ 404. State of New York. 1. Real property owned by the state of New York or any department or agency thereof, including but not limited to real property described in subdivisions two and three of this section, whether heretofore or hereafter acquired or constructed, is and shal…

§ 406. Municipal corporations. 1. Real property owned by a municipal corporation within its corporate limits held for a public use shall be exempt from taxation and exempt from special ad valorem levies and special assessments to the extent provided in section four hundred ninet…

§ 408. School districts and boards of cooperative educational services. Notwithstanding any limitation contained in section four hundred six of this chapter, all real property owned by a school district or board of cooperative educational services and all improvements thereon le…

§ 410. Special districts. Real property owned by a special district, or the property owners therein, within its boundaries used exclusively for the purpose for which such district was established shall be exempt from taxation and exempt from special ad valorem levies and special…

§ 410-a. Special districts. Real property owned by a special district, or the property owners therein, not within its district boundaries which is used as a sewage disposal plant or system, including necessary connections and appurtenances, or real property owned by a special di…

§ 410-b. 1. Special water districts. Real property in the county of Oswego owned by a special water district, not within its district boundaries and used as a pumping station, water treatment plant, pipeline and/or reservoir, including all necessary connections and appurtenances…

§ 412. Public authorities. Real property owned by public authorities enumerated in the public authorities law shall be entitled to such exemption as may be provided therein.

§ 412-a. Industrial development agencies. 1. Real property owned by or under the jurisdiction, supervision or control of industrial development agencies enumerated in the general municipal law shall be entitled to such exemption as may be provided therein. 2. Application for suc…

§ 412-b. Industrial development agency railroad property. Railroad real property owned by or under the jurisdiction, supervision or control of an industrial development agency enumerated in the general municipal law which is leased by such agency to a railroad company shall be e…

§ 414. Public housing, publicly assisted housing and limited-profit nursing homes. Real property owned by a municipal housing authority and "war demobilization emergency housing" shall be entitled to the exemption provided in the public housing law. Real property owned by a limi…

§ 416. United Nations. Real property owned by the United Nations or of any world-wide international organization of which the United States shall be a member and which shall be established and shall provide international agencies in order to maintain international peace and secu…

§ 418. Foreign governments. 1. Real property of a foreign\ngovernment which is a member of the United Nations or any world-wide\ninternational organization as defined in section four hundred sixteen of\nthis chapter, the legal title to which stands in the name of such\nforeign g…

§ 420-a. Nonprofit organizations; mandatory class. 1. (a) Real property owned by a corporation or association organized or conducted exclusively for religious, charitable, hospital, educational, or moral or mental improvement of men, women or children purposes, or for two or mor…

§ 420-b. Nonprofit organizations; permissive class. 1. (a) Real property owned by a corporation or association which is organized exclusively for bible, tract, benevolent, missionary, infirmary, public playground, scientific, literary, bar association, medical society, library, …

§ 420-c. Exemption from local real property taxation of certain low income housing accommodations in a city having a population of one million or more. 1. In a city having a population of one million or more, real property owned by a corporation, partnership or limited liability…

§ 421-a. Affordable New York Housing Program. 1. The following terms,\nwhenever used or referred to in this section, shall have the following\nmeaning, unless a different meaning clearly appears in the context.\n a. "Adjusted Monthly Rent." The rent payable per month as provided…

§ 421-b. Exemption of certain private dwellings, multiple dwellings and improvements from local taxation; certain cases. 1. (a) Within a city having a population of one million or more, private dwellings (land and improvements) to be occupied as a residence for the first time, w…

§ 421-c. Exemption of certain new multiple dwellings from local taxation. 1. The provisions of this section shall apply to each town, village or city with a population of less than one million which has declared an emergency in accordance with the provisions of the emergency ten…

* § 421-d. Exemption of multiple dwellings financed by the New York state housing finance agency from local taxation. 1. The local legislative body of any city, town or village having a population of less than one million is hereby authorized and empowered to adopt and amend a l…

§ 421-e. Exemption of cooperative, condominium, homesteading and rental projects from local taxation. The local legislative body of any city, town or village is hereby authorized and empowered to adopt and amend a local law to provide that any cooperative, condominium, homestead…

§ 421-f. * Exemption of capital improvements to residential buildings and certain new construction. * NB Effective until January 1, 2026 * Exemption of capital improvements to residential buildings. * NB Effective January 1, 2026 1. Residential buildings reconstructed, altered o…

§ 421-ff. Exemption of capital improvements to residential buildings\nin cities with a population between twenty-seven thousand five hundred\nand twenty-eight thousand based upon the two thousand ten federal\ncensus. 1. Residential buildings which have been reconstructed, altere…

§ 421-g. Exemption from local taxation of certain multiple dwellings. 1. When used in this section: (a) "Aggregate floor area" shall mean the sum of the gross areas of the several floors of a building, measured from the exterior faces of exterior walls or from the center lines o…

* § 421-h. Exemption of capital improvements to multiple dwelling buildings within certain cities. 1. Multiple dwelling buildings, reconstructed, altered, converted back to an owner occupied single family dwelling or any owner occupied multiple dwelling located in any city havin…

* § 421-h. Exemption of capital improvements to residential buildings.\n1. Residential buildings reconstructed, altered or improved subsequent\nto the effective date of a local law or resolution pursuant to this\nsection shall be exempt from taxation and special ad valorem levie…

* § 421-i. Exemption of capital improvements to multiple dwelling buildings within certain cities. 1. Multiple dwelling buildings, reconstructed, altered, converted back to an owner occupied single family dwelling or any owner occupied multiple dwelling located in any city havin…

* § 421-i. Exemption of capital improvements to multiple dwelling buildings within certain cities. 1. Multiple dwelling buildings, reconstructed, altered, converted back to an owner occupied single family dwelling or any owner occupied multiple dwelling located in any city havin…

* § 421-j. Exemption of capital investment in multiple dwelling buildings within certain cities. 1. New construction of a multiple dwelling building, reconstruction, alteration, or improvement of a pre-existing multiple dwelling building or structure which is to be occupied or i…

* § 421-j. Exemption of capital improvements to multiple dwelling buildings within certain cities. 1. Multiple dwelling buildings, reconstructed, altered, converted back to an owner occupied single family dwelling or any owner occupied multiple dwelling located in any city havin…

§ 421-k. Exemption of certain multiple dwellings. 1. Multiple dwelling buildings, reconstructed, altered, converted back to an owner occupied single family dwelling or any owner occupied multiple dwelling located in any city having a population of more than twenty-eight thousand…

§ 421-l. Exemption of capital improvements to residential buildings in\ncertain towns. 1. Residential buildings designed and occupied\nexclusively for residential purposes by not more than three families\nthat are reconstructed, altered or improved subsequent to the effective\nd…

§ 421-m. Exemption of certain new or substantially rehabilitated multiple dwellings from local taxation. 1. (a) A city, town or village may, by local law, provide for the exemption of multiple dwellings constructed or substantially rehabilitated in a benefit area designated in s…

§ 421-n. Exemption of capital improvements to multiple dwelling buildings within certain cities. 1. Multiple dwelling buildings, reconstructed, altered, converted back to an owner occupied single family dwelling or any owner occupied multiple dwelling located in any city having …

* § 421-o. Exemption of capital improvements to multiple dwelling buildings within certain cities. 1. Multiple dwelling buildings, reconstructed, altered, converted back to an owner occupied single family dwelling located in any city having a population of more than eight thousa…

* § 421-o. Exemption of capital improvements to multiple dwelling buildings within certain cities. 1. Multiple dwelling buildings, reconstructed, altered, converted back to an owner occupied single family dwelling located in any city having a population of more than ten thousand…

* § 421-p. Exemption of newly-constructed or converted rental multiple dwellings. 1. (a) A city, town or village may, by local law, provide for the exemption of rental multiple dwellings constructed or converted in a benefit area designated in such local law from taxation and sp…

* § 421-p. Exemption of capital improvements to residential new\nconstruction involving the creation of accessory dwelling units. 1.\nResidential buildings reconstructed, altered, improved, or newly\nconstructed in order to create one or more additional residential\ndwelling uni…

§ 421-pp. Exemption of newly converted or constructed fully income restricted rental multiple dwellings. 1. (a) A city, town or village may, by local law, provide for the exemption of rental multiple dwellings constructed or converted in a benefit area designated in such local l…

§ 421-q. Exemption from taxation for capital improvements to\nresidential buildings to reduce carbon emissions. 1. For the purposes of\nthis section, the following terms shall have the following meanings:\n (a) "Eligible real property" means any owner-occupied building or\nstruc…

§ 422. Not-for-profit housing companies. 1. (a) Real property owned by a not-for-profit corporation organized pursuant to the not-for-profit corporation law and the provisions of article two of the private housing finance law, used exclusively to provide housing and auxiliary fa…

§ 423. Phase out of exemption for redevelopment company projects upon\nthe cessation of the tax exemption granted pursuant to contract. (1)\nAfter the expiration of any tax exemption granted a redevelopment\nproject pursuant to section one hundred twenty-five of the private\nhou…

§ 424. Institute of arts and sciences. Real property which may hereafter be acquired within a city having a population of one million or more by a corporation, organized exclusively as an institute of arts and sciences for the general purposes of the encouragement of the study o…

§ 425. School tax relief (STAR) exemption. 1. Generally. Real property\nwhich satisfies the requirements of this section shall be exempt from\ntaxation for school purposes as provided herein.\n 2. Exempt amount. (a) Overview. There shall be two variations of the\nexemption autho…

§ 425-a. Abatement of county taxes in special assessing units. 1.\nLocal option. The local legislative body of a county that is a special\nassessing unit may provide by local law for the partial abatement of\ncounty taxes pursuant to this section. Such abatement shall apply to\n…

§ 426. Opera houses. Real property owned by any corporation whose certificate of incorporation is approved by the commissioner of education and which is organized to sustain, encourage and promote musical art and to educate the general public in good music, provided moneys donat…

§ 427. Performing arts buildings. Real property owned by any corporation whose certificate of incorporation is approved by the commissioner of education and which is organized to sustain, encourage and promote musical and performing art, including opera, concerts, ballet, drama …

§ 428. Fraternal organizations; entire net income for education and relief of members. Real property owned by any fraternal corporation, association or body created to build and maintain a building or buildings for its meeting or meetings of the general assembly of its members o…

§ 429. Real property used for professional major league sports. Real property within a city having a population of one million or more, used by both a professional major league hockey team which is a member of the National Hockey League and a professional major league basketball…

§ 430. Interdenominational centers. 1. Real property owned by a corporation organized for the purposes of establishing an interdenominational center to assist in the work of and to promote cooperation among various religious denominations, and to acquire or erect a building or b…

§ 432. Theatrical corporations created by act of congress. 1. Real property owned by a corporation created by an act of the congress of the United States on a non-profit basis and without capital stock, and organized and used exclusively for the purposes of stimulating public in…