[Adopted 2-26-1996 by L.L. No. 1-1996]
A.
Statutory authority.
(1)
Article 11 of the Real Property Tax Law, as amended by Chapter 602
of the Laws of 1993, Chapter 532 of the Laws of 1994 and Chapter 579
of the Laws of 1995, establishes new procedures for the enforcement
of delinquent real property taxes, beginning with taxes becoming liens
on and after January 1, 2018.
[Amended 10-10-2017 by L.L. No. 6-2017]
(2)
New § 1110 of the Real Property Tax Law prescribes a standard
redemption period of two years after the lien date.
(3)
New § 1111 of the Real Property Tax Law allows a tax district
to adopt a local law extending the redemption period for residential
or farm property, or both, to three or four years after the lien date.
B.
The purpose of this article is to reduce the redemption period as
authorized by law.
[Amended 10-10-2017 by L.L. No. 6-2017]
[Amended 10-10-2017 by L.L. No. 6-2017]
The redemption period for residential and farm property shall
expire two years after the lien date.
A copy of this article shall be filed with the State Board of
Real Property Services within 30 days after its enactment.
[Added 10-10-2017 by L.L.
No. 6-2017]
This article shall become effective upon filing with the Secretary
of State.
