RPTL 455 · Title 2. Private Property
Exemption option
Text — Law content up to date as of October 30, 2026, as published by the New York State Senate (Open Legislation)
§ 455. Exemption option. Notwithstanding any provision of this title to the contrary, real property owned by one or more persons where one of such owners qualifies for a real property tax exemption pursuant to section four hundred fifty-nine-c or four hundred sixty-seven of this title, and another of such owners qualifies for a different tax exemption pursuant to such sections of this title, such owners shall have the option of choosing the one exemption which is most beneficial to such owners. Such owners shall not be prohibited from taking one such exemption solely on the basis that such owners qualify for more than one exemption and therefore are not eligible for any exemptions.
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/RPT455
- Text hash
- sha256 6116aa7fc5a4d5cad976b8a9ff01ee2580bf68ed56f9e96980bc62acc8e810dd
- 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.