RPTL 489-hhhhh · Title 2-E. Tax Exemption For Certain Construction Work On Mixed-use Property In Cities Having a Population of One Million or More
Tax lien; interest rate
Text — Law content up to date as of October 30, 2026, as published by the New York State Senate (Open Legislation)
§ 489-hhhhh. Tax lien; interest rate. All taxes plus interest required to be paid retroactively pursuant to this title shall constitute a tax lien as of the date it is determined such taxes and interest are owed. All interest shall be calculated from the date the taxes would have been due but for the exemption claimed pursuant to this title at three per centum above the applicable rate of interest imposed by such city generally for non-payment of real property tax with respect to such property for the period in question.
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/RPT489-HHHHH
- Text hash
- sha256 fad08a7b693472364f29f2d0a95b5cdbd97d3b5380b68b01de3f6b0959214b7f
- 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.