There is a newer version of the New York Consolidated Laws
2006 New York Code - Real Property Tax Exemption.
§ 26-602 Real property tax exemption. Real property of a housing company shall be exempt from real property taxes, in an amount equal to the rent increase exemptions actually credited to eligible heads of households pursuant to this chapter. Any such exemption shall be in addition to any other exemption or abatement of taxes authorized by law.
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