RPTL 434 · Title 2. Private Property
Academies of music
Text — Law content up to date as of October 30, 2026, as published by the New York State Senate (Open Legislation)
§ 434. Academies of music. The financial board of any city having a population of one hundred seventy-five thousand or more according to the latest federal census may by resolution exempt from taxation and exempt from special ad valorem levies and special assessments to the extent provided in section four hundred ninety of this chapter, all or any part of the real property consisting of, and owned by a corporation or association organized to maintain, an academy of music, if, in the opinion of such board, the interest of such city requires the maintenance of such academy of music and it appears that the property was purchased with the proceeds of popular or general subscription. No such exemption shall be granted for any year if it appears that the corporation or association during the preceding year earned a net annual income upon the net cost of such academy and the furniture thereof.
Source of truth
- Edition
- Law content up to date as of October 30, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/RPT434
- Text hash
- sha256 a8dac957f9b061703be6299e98bce130dd674135699b3b6224124f488a2dde57
- 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.