Laws of New York (Last Updated: November 21, 2014) |
ADC New York City Administrative Code(NEW) |
Title 26. HOUSING AND BUILDINGS |
Chapter 7. RENT INCREASE EXEMPTION FOR LOW INCOME ELDERLY PERSONS AND PERSONS WITH DISABILITIES |
Section 26-602. Real property tax exemption
Latest version.
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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.