RPTL 489-jjjj · Title 2-D. Tax Exemption and Deferral of Tax Payments For Certain Industrial and Commercial Properties In a City of One Million or More Persons
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-jjjj. Tax lien; interest rate. 1. 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, abatement or deferral 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 on such date.
2. All taxes for which payment is deferred pursuant to section four hundred eighty-nine bbbb of this title shall constitute a tax lien as of the date they are due and payable in accordance with the provisions of that section.
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-JJJJ
- Text hash
- sha256 e19a5f771981a0f52015b4f88e7d12233597588f787baa3804947713f6a7a44d
- 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.