Local Finance Law § 139.00 · Title 10. Statement of Debt-contracting Power of Municipalities, Fire Districts and Certain School Districts
Debt statement to show valuations of taxable real property
Text — Law content up to date as of September 4, 2026, as published by the New York State Senate (Open Legislation)
§ 139.00. Debt statement to show valuations of taxable real property. a. The debt statement of a municipality or school district in a city shall contain a computation of the average full valuation of taxable real property of such municipality or school district. The debt statement of the city of New York also shall contain a computation of the average assessed valuation of the taxable real property of such city in the event a deduction is claimed pursuant to item (a) of subdivision seven of section 136.00 of this chapter.
b. The debt statement of a school district, other than a school district in a city, shall contain a computation of the full valuation of the real property subject to taxation by the school district.
c. The debt statement of a fire district shall contain a computation of the full valuation of taxable real property of such fire district.
Source of truth
- Edition
- Law content up to date as of September 4, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/LFN139.00
- Text hash
- sha256 36f7d89fc95ca2d10916fa97b47ea2f9bd6e9fe734d09e31476b954827750484
- Composed by
- gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.