Title RPT, Real Property Tax

§ 489-bbb. Industrial and commercial incentive board. Any city of one\nmillion or more persons may, by local law, establish an industrial and\ncommercial incentive board to consist of the deputy mayor for, economic\npolicy and development, who shall be chairman of the board, the…

§ 489-bbbb. Power to enact local law; real property tax exemption;\ndeferral of tax payments. Any city having a population of one million or\nmore, acting through its local legislative body, is authorized and\nempowered to determine that incentives in the form of exemption from …

§ 489-bbbbb. Real property tax exemption. 1. Within the mixed-use\nconstruction exemption area specified in subdivision twelve of section\n489-aaaaa of this title, the following benefits shall be available to\nqualified recipients: A recipient who, following the effective date o…

§ 489-bbbbbb. Power to enact local law; industrial and commercial real\nproperty tax abatement. 1. Authority to enact local law. Any city having\na population of one million or more, acting through its local\nlegislative body, is authorized and empowered to determine that\nincen…

§ 489-c. Assessment of real property of railroads. 1. The assessor in\neach city, town and village and in each county having a county\ndepartment of assessment shall annually assess all real property of\nrailroad companies situated in such city, town, village or county, as\nthe …

§ 489-cc. Assessment of real property of railroads. 1. The assessor in\neach city, town and village and in each county having a county\ndepartment of assessment shall annually assess all real property of\nrailroad companies situated in such city, town, village or county, as\nthe…

§ 489-ccc. Functions, powers and duties of the board; annual\ndesignation of exemption areas and restricted commercial uses. 1. The\nmembers of the board shall have the following functions, powers and\nduties:\n (a) to receive and review applications for certificates of eligibil…

§ 489-cccc. Temporary commercial incentive area boundary commission;\nclasses of area; excluded areas. 1. Any city enacting a local law\npursuant to section four hundred eighty-nine-bbbb of this title shall\nestablish a temporary commercial incentive area boundary commission to\…

§ 489-ccccc. Eligibility for benefits. 1. A recipient of a\ncertificate of eligibility with an effective date of July first,\nnineteen hundred ninety-five or after must make one-half the minimum\nrequired expenditure within eighteen months of the effective date of\nsuch certific…

§ 489-cccccc. Eligibility for benefits. 1. Time limit for meeting\nminimum required expenditure. Applicants must meet the appropriate\nminimum required expenditure as provided in subdivision three of section\nfour hundred eighty-nine-bbbbbb of this title relating to the abatemen…

§ 489-d. Exemption of railroad real property from taxation. 1.\nSubsidized railroad real property shall be exempt from taxation. The\nexemption shall be granted each year only upon (a) application by the\nowner of said property on a form prescribed by the commissioner and (b)\ns…

§ 489-dd. Exemption of railroad real property from taxation. 1.\nSubsidized railroad real property shall be exempt from taxation. The\nexemption shall be granted each year only upon (a) application by the\nowner of said property on a form prescribed by the commissioner and (b)\n…

§ 489-ddd. Real property tax exemption. 1. A real property tax\nexemption pursuant to this title shall be granted to an applicant who,\nwithin a period of thirty-six months, or following an extension pursuant\nto section four hundred eighty-nine-hhh of this title within a period…

§ 489-dddd. Eligibility for benefits. 1. A recipient of a certificate\nof eligibility with an effective date of June thirtieth, nineteen\nhundred ninety-two or before must make one-half the minimum required\nexpenditure within eighteen months of the effective date of such\nrecip…

§ 489-ddddd. Application for certificate of eligibility. 1.\nApplication for a certificate of eligibility pursuant to this title may\nbe made on or after July first, nineteen hundred ninety-five and\ncontinuing until June thirtieth, nineteen hundred ninety-nine, provided,\nhowev…

§ 489-dddddd. Applying for benefits. 1. Application. (a) Application\nfor benefits pursuant to this title may be made immediately following\nthe effective date of a local law enacted pursuant to this title and\ncontinuing until March first, two thousand twenty-nine.\n (b) Applic…

§ 489-e. Railroad ceiling. For the purpose of determining the extent\nto which railroad real property shall be exempt under this title, a\nrailroad ceiling for the railroad real property other than subsidized\nrailroad real property of each railroad company situated in each\nass…

§ 489-ee. Railroad ceiling. A railroad ceiling for the railroad real\nproperty other than subsidized railroad real property of each railroad\ncompany situated in each assessing unit shall be established annually by\nthe commissioner as follows:\n 1. Determine (a) the average rai…

§ 489-eee. Applications for certificates of eligibility. 1.\nApplications for a certificate of eligibility pursuant to this title\nshall be submitted for preliminary approval to the office for economic\ndevelopment commencing immediately after the effective date of a local\nlaw …

§ 489-eeee. Application for certificate of eligibility. 1. Application\nfor a certificate of eligibility pursuant to this title may be made\nimmediately following the effective date of a local law enacted pursuant\nto this title and continuing until June thirtieth, two thousand …

§ 489-eeeee. Reporting requirement; termination of benefits. 1. Upon\napproval of the department of buildings of the plans submitted in\nconnection with the building permit and any amendments to such plans,\nthe recipient shall file with the department of finance a narrative\nde…

§ 489-eeeeee. Reporting requirement. 1. Continuing use. For the\nduration of the benefit period, the recipient of benefits shall file\nbiennially with the department, on or before the appropriate taxable\nstatus date, a statement of the continuing use of such property and any\nc…

§ 489-f. Relationships among elements used in computation of railroad\nceiling. In order to effectuate the legislative policy that the amount\nof exemptions from real property taxation granted to railroads should be\nrelated to their individual rates of earnings, and in order to…

§ 489-ff. Average railway revenues and expenses. 1. The average\nrailway revenues shall be determined for each railroad company as\nfollows:\n (a) Ascertain so far as may be practicable the revenues which such\nrailroad company is entitled to receive from transportation service …

§ 489-fff. Approval of tax exemption. On completion of the\nreconstruction or construction work the applicant shall notify the board\nin writing of said completion. The board shall determine the\neligibility of the applicant for the tax exemption as provided in\nsubdivision one …

§ 489-ffff. Reporting requirement; termination of benefits. 1. Upon\napproval by the department of buildings of the plans submitted in\nconnection with the building permit and any amendments to such plans,\nthe recipient shall file with the department of finance a narrative\ndes…

§ 489-fffff. Conversion of property. 1. Any recipient whose property\nis the subject of a certificate of eligibility pursuant to this title,\nand who converts square footage within such property from the\nresidential and commercial uses authorized pursuant to this title where\ns…

§ 489-ffffff. Conversion of property. 1. Conversion from commercial to\nindustrial use. Where a property has been granted benefits for\ncommercial or renovation construction work, but such property is used as\nindustrial property before the benefits period expires, such property…

§ 489-g. System reproduction cost. 1. The system reproduction cost of\neach railroad company shall be determined by ascertaining so far as may\nbe practicable for the property of each railroad company used by it for\ntransportation purposes and owned by or leased to it constitut…

§ 489-gg. Ratio. The commissioner shall compute to the nearest\nthousandth of one percent a ratio for each railroad company by dividing\nits average railway expenses by its average railway revenues; provided,\nhowever, that if a railroad company shall have operated for less than…

§ 489-ggg. Continuation of tax exemption; termination of tax\nexemption. The tax exemption approved by the board shall continue in\naccordance with this title, provided that the applicant files an annual\ncertificate of continuing use stating that the structure and property\ncon…

§ 489-gggg. Conversion of property. 1. Any recipient whose property is\nthe subject of a certificate of eligibility for commercial or renovation\nconstruction work, and who, prior to the expiration of the benefit\nperiod, uses such property as industrial property, shall continue…

§ 489-ggggg. Administration of the benefit program. The department of\nfinance of any city having a population of one million or more persons\nshall have, in addition to any other functions, powers and duties which\nhave been or may be conferred on it by law, the following funct…

§ 489-gggggg. Temporary commercial incentive area boundary commission;\ndesignation of special commercial abatement areas; excluded and\nrenovation areas. 1. Commission members. Any city enacting a local law\npursuant to section four hundred eighty-nine-bbbbbb of this title shal…

§ 489-h. Average railway earnings. 1. The average railway earnings\nshall be determined for each railroad company as follows:\n (a) Ascertain so far as may be practicable the revenues which such\nrailroad company is entitled to receive from transportation service and\nfrom rents…

§ 489-hh. Economic factor. (a) In accordance with the policy of\nreflecting the effect of the rate of earnings of a railroad company upon\nthe taxable value of its railroad property, an economic factor for each\nrailroad company shall be determined in relation to its ratio compu…

§ 489-hhh. Extension of time for completion. Where an applicant has\nreceived a certificate of eligibility but has not completed or will not\nbe able to complete the construction or reconstruction work within\nthirty-six months, the board shall, upon application, extend to\nfort…

§ 489-hhhh. Administration of the benefit program. 1. The department\nof finance of any city enacting a local law pursuant to section four\nhundred eighty-nine-bbbb of this title shall have, in addition to any\nother functions, powers and duties which have been or may be conferr…

§ 489-hhhhh. Tax lien; interest rate. All taxes plus interest\nrequired to be paid retroactively pursuant to this title shall\nconstitute a tax lien as of the date it is determined such taxes and\ninterest are owed. All interest shall be calculated from the date the\ntaxes would…

§ 489-hhhhhh. Administration of the benefit program. The department\nshall have the following additional functions, powers and duties:\n 1. To require that any documents submitted in support of or as part of\nan application be certified;\n 2. To audit documents submitted by an a…

§ 489-i. Earnings ratio. The commissioner shall determine the earnings\nratio for each railroad company by ascertaining the ratio of its average\nrailway earnings to its system reproduction cost, computed to the\nnearest hundredth of one per cent.\n

§ 489-ii. Local reproduction cost. 1. The commissioner shall determine\nthe local reproduction cost for each railroad company in each assessing\nunit as follows:\n (a) Ascertain in each assessing unit the cost of reproduction new less\ndepreciation of the railroad real property …

§ 489-iii. Prior certificates of eligibility. Any project for which\na certificate of eligibility has been approved by the industrial and\ncommercial incentive board prior to the enactment of this section shall\nbe eligible for a tax exemption computed according to the tax exemp…

§ 489-iiii. Code violations; suspension or termination of benefits. A\nlocal law enacted pursuant to this title may provide that benefits\npursuant to this title shall be suspended or terminated if the recipient\nis found to have failed to cure violations of the applicable build…

§ 489-iiiii. Penalties for non-compliance, false statements and\nomissions. 1. The department of finance may deny, reduce, suspend,\nterminate or revoke any exemption from tax payments pursuant to this\ntitle whenever (a) a recipient fails to comply with the requirements of\nthi…

§ 489-iiiiii. Code violations; suspension, termination or revocation\nof benefits. 1. Abatement benefits shall be suspended, terminated or\nrevoked if the recipient is found to have failed to cure violations of\napplicable building, fire, or air pollution control codes on the\np…

§ 489-j. Exemption factor. (a) In accordance with the policy of\ngranting increasingly greater exemptions as the rate of earnings of a\nrailroad company declines, the exemption factor for each railroad\ncompany shall be determined in accordance with its earnings ratio. For\neach…

§ 489-jj. State equalization rate. 1. In determining railroad\nceilings, the commissioner shall apply the latest state equalization\nrate for the appropriate assessing unit, except that, if a special\nequalization rate has been established as provided in subdivision two of\nthis…

§ 489-jjjj. Tax lien; interest rate. 1. All taxes plus interest\nrequired to be paid retroactively pursuant to this title shall\nconstitute a tax lien as of the date it is determined such taxes and\ninterest are owed. All interest shall be calculated from the date the\ntaxes wou…

§ 489-jjjjjj. Penalties for non-compliance, false statements and\nomissions. Denial, reduction, suspension, termination or revocation. The\ndepartment may deny, reduce, suspend, terminate or revoke any abatement\nbenefits where:\n 1. A recipient fails to comply with the requirem…