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Volume 1 - Opinions of Counsel SBEA No. 96

Opinions of Counsel index

Farm exemption (scope) - Real Property Tax Law, § 483:

The partial exemption authorized by section 483 of the Real Property Tax Law applies to school taxes as well as to town and county taxes.

We have received an inquiry as to whether the exemption set forth in section 483 of the Real Property Tax Law applies to school taxes as well as to town and county taxes.

The answer to this question is yes, with the qualification that section 483 provides for only a partial exemption from real property taxes. Property which qualifies for the exemption provided by section 483 is favored in that any increase in value due to the improvement is not assessed against that property for five years. And since the assessment roll is the basis for all real property taxes, the county, local and school district taxes will all be affected by the exemption.

November 20, 1969

Updated: