New York § 561 Payments in lieu of taxes; change of assessment; effective date

New York Statutes

§ 561 — Payments in lieu of taxes; change of assessment; effective date

New York·Law RPT Real Property Tax·Title 4 Miscellaneous Provisions·Art. 5 Assessment Procedure

  § 561. Payments in lieu of taxes; change of assessment; effective\ndate. Notwithstanding any other provision of law, for any payment in\nlieu of taxes agreement entered into on or after the effective date of\nthis section, when the assessment of a property making payments in lieu\nof taxes is challenged through the grievance process, any reduction in\npayments in lieu of taxes made to a school district resulting from such\nchallenge shall not take effect until the following taxable status year.\n

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§ 561. Payments in lieu of taxes; change of assessment; effective\ndate. Notwithstanding any other provision of law, for any payment in\nlieu of taxes agreement entered into on or after the effective date of\nthis section, when the assessment of a property making payments in lieu\nof taxes is challenged through the grievance process, any reduction in\npayments in lieu of taxes made to a school district resulting from such\nchallenge shall not take effect until the following taxable status year.\n

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