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Assessor's Manual, Volume 4, ExemptionAdministration

Exemption Administration Manual - Part 1
U.S., Foreign Governments, and Interstate Agencies

Section 4.04 - McK U Con L Sections 6515,
6562, 6611, 6635, 7181, 7210

Port Authority of New York & New Jersey

Exemption Code(s):     Air terminals 14620
   Bridges and tunnels 14640
   Industrial development projects 17000
   Narrows bridge 14600
   Urban bus transportation facilities 14630
   World Trade Center 14610

Year Originally Enacted:    Above sections of law enacted as follows 1931, 1955, 1962, 1947, 1978, 1979

Related Statutes: None.

SUMMARY: The following types of real property owned or used by the Port Authority of New York & New Jersey are wholly exempt from taxation but are liable for special assessments: bridges and tunnels, Narrows bridge, World Trade Center, air terminals, industrial development projects, and urban bus transportation facilities. In addition, industrial development projects are liable for special ad valorem levies.

  1. ELIGIBILITY REQUIREMENTS:
    1. Ownership Requirements: Property must be owned or used by the Port Authority of New York & New Jersey.
       
    2. Property Location Requirements: All types of property, except industrial development and air terminal projects, must be located in New York City.
       
    3. Property Use Requirements: Property must be one of the following types:     bridge, tunnel, Narrows bridge, World Trade Center, air terminal, industrial development project, or urban bus transportation facility.
       
    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:
        General
    Municipal
    Taxes
    School
    District
    Taxes
    Special
    Ad Valorem
    Levies
    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
    b. City Ex NA NA Tax
    c. Town or Town
    Special District
    Ex NA Tax* Tax
    d. Village Ex NA NA Tax
    e. School District NA Ex NA NA
      Ex-Exempt      Tax-Taxable      NA-Not Applicable

    * Applies only to industrial development projects; other types of projects are not subject to special ad valorem levies.
     
  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:

      Special Ad Valorem Levies: Industrial development projects - no exemption allowed. Other projects - not subject to such levies.

      Special Assessments: No exemption allowed.

  6. CODING OF EXEMPTION ON ASSESSMENT ROLL:
    Code Description of Alternative Codes Possible
    14600 Narrows bridge
    14610 World Trade Center
    14620 Air terminals
    14630 Urban bus transportation
    14640 Bridges and tunnels
    17000 Industrial development projects

    Assessment Roll Section(s): Exempt (RPS Section 8).

    NOTE: These codes 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:
    Subject Statute
    Public authorities RPTL §412 & Pub Auth L

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