New York § 499-GG Tax lien; interest and penalty

New York Statutes

§ 499-GG — Tax lien; interest and penalty

New York § 499-GG

Law RPTReal Property Tax

Title 4-ATax Abatement For Certain Commercial Properties In a City of One Million or More Persons

Art. 4Exemptions

This text of New York § 499-GG (Tax lien; interest and penalty) 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 § 499-GG (2026).

Text

  § 499-gg. Tax lien; interest and penalty.  All taxes, with 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 have been due but for the abatement granted pursuant to this\ntitle at the applicable rate or rates of interest imposed by such city\ngenerally for non-payment of real property tax with respect to the\neligible building for the period in question.  When a provision of this\ntitle requires the payment of a penalty in addition to interest, the\namount of such penalty shall be equal to the amount of interest that\nwould have been payable pursuant to such provision had such interest\nbeen calculated at the ra

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§ 499-gg. Tax lien; interest and penalty. All taxes, with 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 have been due but for the abatement granted pursuant to this\ntitle at the applicable rate or rates of interest imposed by such city\ngenerally for non-payment of real property tax with respect to the\neligible building for the period in question. When a provision of this\ntitle requires the payment of a penalty in addition to interest, the\namount of such penalty shall be equal to the amount of interest that\nwould have been payable pursuant to such provision had such interest\nbeen calculated at the rate of three percent per annum.\n