Exemption Administration Manual, Part 1: Municipal Governments—Section 4.03 - RPTL Section 406(4): Municipal Corporations (Aqueducts in New York City water supply system)
Assessor Manuals
Section 4.03 - RPTL Section 406(4): Municipal Corporations (Aqueducts in New York City water supply system)
Exemption code(s):
13360
Year originally enacted:
Before 1896
Related statutes:
Administrative Code of City of New York §24, 301
Summary:
Aqueducts that are part of the New York City water supply system are wholly exempt from taxes, special ad valorem levies, and special assessments. This exemption applies only to aqueducts, which are defined as those lands and improvements which are necessary (1) to maintain or enhance the flow of water in the system (e.g. shafts, pipes, and chutes used for dewatering purposes, reservoir gatehouses, and water pumping/regulating stations) or (2) to maintain the functioning of the system (e.g. roads, as well as their retaining walls and drainage systems, that provide access to necessary facilities).
Eligibility requirements
Ownership requirements:
Aqueducts must be owned by the City of New York.
Property location requirements:
None.
Property use requirements:
Land and improvements must be used to provide New York City's water supply. Examples of property eligible for exemption are given in the Summary above.
Certification by state or local government:
None required.
Required construction start date or other time requirement:
None.
Local option
No.
Limitation on exemption
| General municipal taxes | School district taxes | Special ad valorem tax | Special assessments | ||
|---|---|---|---|---|---|
| 1. Amount | No limit | No limit | No limit | No limit | |
| 2. Duration | No limit | No limit | No limit | No limit | |
| 3. Taxing Jurisdiction | a. County or County Special Districts | Ex | NA | Ex | Ex |
| b. City | Ex | NA | NA | Ex | |
| c. Town or Town Special District | Ex | NA | Ex | Ex | |
| d. Village | Ex | NA | NA | Ex | |
| e. School District | NA | Ex | NA | NA | |
| Ex-Exempt Tax-Taxable NA-Not Applicable | |||||
Payments in lieu of taxes
None required.
Calculation of exemption
General municipal and school district taxes:
100% of assessed value of aqueduct land and improvements.
Special Ad Valorem Levies and special assessments:
100% of assessed value or other basis of assessment.
Coding of exemption on assessment roll
| Code | Description of Alternative Codes Possible |
|---|---|
| 13360 |
Assessment roll section(s)
Exempt (ARLM § 8).
Filing requirements (owner or occupant of property)
None.
Reporting requirements (assessor)
None.
Similar exemptions:
None.
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