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Department of Taxation and Finance

Assessor's Manual, Volume 4, Exemption Administration

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Year originally enacted:    Above sections of law enacted as follows 1931, 1955, 1962, 1947, 1978, 1979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

  1. Coding of exemption on assessment roll:
     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 § 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.

  2. Filing requirements (owner or occupant of property): None.  
  3. Reporting requirements (assessor): None.
  4. Similar exemptions:
     Similar exemptions
    Subject Statute
    Public authorities RPTL §412 & Pub Auth L

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