Statute · New York Real Property Tax Law
N.Y. Real Prop. Tax Law § 561 — Payments in lieu of taxes; change of assessment; effective date
N.Y. Real Prop. Tax Law § 561
- Type
- Statute
- Source
- New York Real Property Tax Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 561. Payments in lieu of taxes; change of assessment; effective date. Notwithstanding any other provision of law, for any payment in lieu of taxes agreement entered into on or after the effective date of this section, when the assessment of a property making payments in lieu of taxes is…
Citator
N.Y. Real Prop. Tax Law § 561 — Payments in lieu of taxes; change of assessment; effective date is in force in the current edition of the Code, and nothing recorded condemns it.
§ 561. Payments in lieu of taxes; change of assessment; effective date. Notwithstanding any other provision of law, for any payment in lieu of taxes agreement entered into on or after the effective date of this section, when the assessment of a property making payments in lieu of taxes is challenged through the grievance process, any reduction in payments in lieu of taxes made to a school district resulting from such challenge shall not take effect until the following taxable status year.