Exemption Administration Manual, Part 2: Multiple dwellings and urban renewal—Section 4.07 - McK U Con L Section 6369: New York State Project Finance Agency
Assessor Manuals
Section 4.07 - McK U Con L Section 6369: New York State Project Finance Agency
Exemption code(s)
18190
Year originally enacted:
1975
Related statutes:
None.
Summary:
Real property owned by the New York State Project Finance Agency is wholly exempt from taxation but is liable for special ad valorem levies and special assessments.
Eligibility requirements
Ownership requirements:
Property must be owned by the New York State Project Finance Agency.
Property location requirements:
None.
Property use requirements:
None.
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 exemption allowed | No exemption allowed | |
| 2. Duration | No limit | No limit | No exemption allowed | No exemption allowed | |
| 3. Taxing Jurisdiction | a. County or County Special Districts | Ex | NA | Tax | Tax |
| b. City | Ex | NA | NA | Tax | |
| c. Town or Town Special District | Ex | NA | Tax | Tax | |
| d. Village | Ex | NA | NA | Tax | |
| 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.
Special ad valorem levies and special assessments:
No exemption allowed.
Coding of exemption on assessment roll
| Code | Description of alternative codes possible |
|---|---|
| 18190 |
Assessment roll section(s):
Exempt (RPS Section 8).
Note: This code should not be used to identify property that is exempt under any of the statutes listed under Similar exemptions below.
Filing requirements (owner or occupant of property)
None.
Reporting requirements (assessor)
None.
Similar exemptions
| Subject | Statute |
|---|---|
| Public authorities | RPTL §412 & Pub Auth L |
| State of New York (generally) | RPTL §404(1) |
| See also: Chart IA and Chart IB. | |
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