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Department of Taxation and Finance

Assessor's Manual, Volume 4, Exemption Administration

Exemption Administration Manual - Part 1
New York State Government

Section 4.02 - Ed L Section 657

New York State Higher Education Services Corporation

Exemption code(s): 12430  Year originally enacted: 1957

Related statutes: None.

Summary: Real property owned by the New York State Higher Education Services Corporation is wholly exempt from taxation, special ad valorem levies, and special assessments.

  1. Eligibility requirements:
    1. Ownership requirements: Property must be owned by the New York State Higher Education Services Corporation.
    2. Property location requirements: None.
    3. Property use requirements: None.
    4. Certification by state or local government: None required.
    5. Required construction start date or other time requirement: None.
  2. Local option: No.
  3. Limitation on exemption:
     Limitation on exemption
      General Municipal Taxes School District Taxes Special Ad Valorem Tax Special Assessments
    1. Amount No limit No limit No limit No limit
    2. Duration No limit No limit No limit No limit
    3. Taxing Jurisdiction
    a. County or County Special Districts Ex NA Ex Ex
    b. City Ex NA NA Ex
    c. Town or Town Special District Ex NA Ex Ex
    d. Village Ex NA NA Ex
    e. School District NA Ex NA NA
      Ex-Exempt      Tax-Taxable      NA-Not Applicable

  4. Payments in lieu of taxes: None required. 
  5. Calculation of exemption:
    1. General municipal and school district taxes: 100% of assessed value.
    2. Special Ad Valorem Levies and special assessments: 100% of assessed value or other basis of assessment. 
  6. Coding of exemption on assessment roll:
     Coding on exemption on assessment roll
    Code Description of Alternative Codes Possible

    Assessment roll section(s): Exempt (ARLM Section 8).

    Note: This code should not be used to identify property that is exempt under any of the statutes listed under Similar Exemptions below. For coding of such property, see the Exemption Profile for the statute that applies.

  7. Filing requirements (owner or occupant of property): None.
  8. Reporting requirements (assessor): None.
  9. Similar exemptions:
     Similar exemptions
    Subject Statute
    Public authorities RPTL §412 & Pub Auth L
    State of New York (generally) RPTL §404(1)

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