There is a newer version of the New York Consolidated Laws
2022
2021
2020
2019
2018
Other previous versions
View our newest version here

2016 New York Laws
RPT - Real Property Tax
Article 4 - EXEMPTIONS
Title 2 - (420-A - 489) PRIVATE PROPERTY
456 - Municipal railroads.

NY Real Prop Tax L § 456 (2016) What's This?
  456.  Municipal railroads. Real property held and used for railroad
  purposes by any corporation, all of the capital stock of which is  owned
  by  a municipal corporation of this state, shall be exempt from taxation
  and exempt from special ad valorem levies and special assessments to the
  extent provided in section four hundred ninety of this chapter.

Disclaimer: These codes may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.