New York Interest And Penalties On Real Property Taxes.




 
    §   1520.   Interest   and  penalties  on  real  property  taxes.  The
  commissioner  shall  charge,  receive  and  collect  the  interest   and
  penalties  upon  taxes  on  real estate not paid when due and payable in
  such manner and at such rates as shall be  provided  by  law,  provided,
  however, where such taxes are not escrowed, and where such interest does
  not exceed five dollars, it shall be forgiven.