Statute · New York Real Property Tax Law
N.Y. Real Prop. Tax Law § 456 — Municipal railroads
N.Y. Real Prop. Tax Law § 456
- Type
- Statute
- Source
- New York Real Property Tax Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 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…
Citator
N.Y. Real Prop. Tax Law § 456 — Municipal railroads is in force in the current edition of the Code, and nothing recorded condemns it.
§ 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.