Assessor Manuals, Exemption Administration
Exemption Administration Manual—Part 1: Municipal Governments
Section 4.03 - Racing L Section 513: Regional Off Track Betting Corporations
Year originally enacted:
Real property owned by a regional off-track betting corporation outside New York City is wholly exempt from taxation but is liable for special ad valorem levies and special assessments.
Property must be owned by a regional off-track betting corporation.
Property location requirements:
Property must be located outside New York City.
Property use requirements:
Property used other than for off-track pari-mutuel betting purposes is not exempt.
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 exemption allowed||No exemption allowed|
|2. Duration||No limit||No limit||No exemption allowed||No exemption allowed|
|3. Taxing Jurisdiction|
|a. County or County Special Districts||Ex||NA||Tax||Tax|
|c. Town or Town Special District||Ex||NA||Tax||Tax|
|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 except for that portion of the property not used for off-track pari-mutuel betting purposes.
Special Ad Valorem Levies and special assessments:
No exemption allowed.
Coding of exemption on assessment roll
|Code||Description of alternative codes possible|
Assessment roll section(s):
Exempt (RPS § 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.
Filing requirements (owner or occupant of property)
Reporting requirements (assessor)
|NYC Off-Track Betting Corporation||Racing L §617|
Please send general questions or comments to ORPTS.