New York § 495 Exemption reports

New York Statutes

§ 495 — Exemption reports

New York § 495

Law RPTReal Property Tax

Title 3Miscellaneous Provisions

Art. 4Exemptions

This text of New York § 495 (Exemption reports) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Real Property Tax § 495 (2026).

Text

§ 495. Exemption reports.

1.Whenever a county, city, town, village or\nschool district is required to prepare an annual budget, the official\nrequired to prepare a tentative or preliminary version of that budget\nshall annex thereto an exemption report. This report shall be on a form\nprescribed by the commissioner and shall show how much of the total\nassessed value on the final assessment roll or rolls used in that\nbudgetary process is exempt from taxation. This report shall list every\ntype of exemption granted, identified by statutory authority, and shall\nshow (a) the cumulative impact of each type of exemption expressed\neither as a dollar amount of assessed value or as a percentage of the\ntotal assessed value on the roll, (b) the cumulative amount expected to\nbe received from

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§ 495. Exemption reports. 1. Whenever a county, city, town, village or\nschool district is required to prepare an annual budget, the official\nrequired to prepare a tentative or preliminary version of that budget\nshall annex thereto an exemption report. This report shall be on a form\nprescribed by the commissioner and shall show how much of the total\nassessed value on the final assessment roll or rolls used in that\nbudgetary process is exempt from taxation. This report shall list every\ntype of exemption granted, identified by statutory authority, and shall\nshow (a) the cumulative impact of each type of exemption expressed\neither as a dollar amount of assessed value or as a percentage of the\ntotal assessed value on the roll, (b) the cumulative amount expected to\nbe received from recipients of each type of exemption as payments in\nlieu of taxes or other payments for municipal services, and (c) the\ncumulative impact of all exemptions granted. Exemptions that result in\nan impact of less than one percent may be aggregated as a single entry.\nIn no case shall an individual exemption recipient be named in the\nreport.\n 2. Notice of this report shall be included in any notice of the\npreparation of the budget otherwise required by law. The report shall be\nposted on any bulletin board maintained by the budgeting authority for\npublic notices and on any website maintained by the budgeting authority.\nThis report shall be annexed to any tentative or preliminary budget and\nshall become part of the final budget.\n