Skip to main content
Department of Taxation and Finance

Assessor's Manual, Volume 4, ExemptionAdministration

Exemption Administration Manual - Part 1
New York State Government

Section 4.02 - RPTL Section 402

U.S. Government or State of New York
(Property held under contract of sale)

Exemption code(s): Not Applicable  Year Originally Enacted: 1925

Related statutes: None

Summary: Real property that is owned by the U.S. Government or the State of New York but is occupied or otherwise used by another person or organization under a contract of sale or other agreement granting the right to acquire the property is subject to taxation to the extent of the user's interest in the property.

| Top of Page | | Table of Contents| | Next Page| | Assessors' Manuals |

Please send general questions or comments to ORPTS.