[Adopted 8-19-1997 by L.L. No. 12-1997]
Article 11 of the Real Property Tax Law,[1] as amended by Chapter 602 of the Laws of 1993 by Chapter
532 of the Laws of 1994 and by 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, 1995.
New § 1110 of the Real Property Tax Law prescribes a standard
redemption period of two years after lien date. The purpose of this
article is to phase in the standard two-year redemption period as
authorized by law.
[1]
Editor's Note: See § 1100 et seq.
of the Real Property Tax Law.
The standard two-year redemption period provided
by § 1110 of the Real Property Tax Law shall be phased in
as follows:
A.
For taxes becoming liens in 1995, the redemption period
shall expire four years after the lien date.
B.
For taxes becoming liens in 1996, the redemption period
shall expire three years after the lien date.
C.
For taxes becoming liens after 1996, the standard
two-year redemption period provided by § 1110 of the Real
Property Tax Law shall apply.
A copy of this law shall be filed with the State
Board of Real Property Services within 30 days of its enactment.
