Laws of New York (Last Updated: November 21, 2014) |
RPT Real Property Tax |
Article 4. EXEMPTIONS |
Title 1. PUBLIC PROPERTY |
Section 414. Public housing, publicly assisted housing and limited-profit nursing homes
Latest version.
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Real property owned by a municipal housing authority and "war demobilization emergency housing" shall be entitled to the exemption provided in the public housing law. Real property owned by a limited-profit housing company, a limited dividend housing company or a housing development fund company shall be entitled to the exemption provided in the private housing finance law, except as otherwise provided in section four hundred twenty-two of this chapter. Real property owned by a limited-profit nursing home company shall be entitled to the exemption provided in the public health law.