Exemption Administration Manual, Part 1: Municipal Governments—Section 4.03 - RPTL Section 406(4): Municipal Corporations (Aqueducts in New York City water supply system)
Section 4.03 - RPTL Section 406(4): Municipal Corporations (Aqueducts in New York City water supply system)
Year originally enacted:
Administrative Code of City of New York §24, 301
Aqueducts that are part of the New York City water supply system are wholly exempt from taxes, special ad valorem levies, and special assessments. This exemption applies only to aqueducts, which are defined as those lands and improvements which are necessary (1) to maintain or enhance the flow of water in the system (e.g. shafts, pipes, and chutes used for dewatering purposes, reservoir gatehouses, and water pumping/regulating stations) or (2) to maintain the functioning of the system (e.g. roads, as well as their retaining walls and drainage systems, that provide access to necessary facilities).
Aqueducts must be owned by the City of New York.
Property location requirements:
Property use requirements:
Land and improvements must be used to provide New York City's water supply. Examples of property eligible for exemption are given in the Summary above.
Certification by state or local government:
Required construction start date or other time requirement:
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|
|c. Town or Town Special District||Ex||NA||Ex||Ex|
|e. School District||NA||Ex||NA||NA|
|Ex-Exempt Tax-Taxable NA-Not Applicable|
Payments in lieu of taxes
Calculation of exemption
General municipal and school district taxes:
100% of assessed value of aqueduct land and improvements.
Special Ad Valorem Levies and special assessments:
100% of assessed value or other basis of assessment.
Coding of exemption on assessment roll
|Code||Description of Alternative Codes Possible|
Assessment roll section(s)
Exempt (ARLM § 8).
Filing requirements (owner or occupant of property)
Reporting requirements (assessor)
Please send general questions or comments to ORPTS.