Assessor Manuals, 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
|Bridges and tunnels||14640|
|Industrial development projects||17000|
|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Year originally enacted: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
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.
Property must be owned or used by the Port Authority of New York & New Jersey.
Property location requirements:
All types of property, except industrial development and air terminal projects, must be located in New York City.
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.
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 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|
|c. Town or Town Special District||Ex||NA||Tax*||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.
Payments in lieu of taxes
Calculation of exemption
General municipal and school district taxes:
100% of assessed value.
Special ad valorem levies and special assessments:
Special ad valorem levies:
Industrial development projects - no exemption allowed. Other projects - not subject to such levies.
No exemption allowed.
Coding of exemption on assessment roll
|Code||Description of alternative codes possible|
|14610||World Trade Center|
|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.
Filing requirements (owner or occupant of property)
Reporting requirements (assessor)
|Public authorities||RPTL §412 & Pub Auth L|
Please send general questions or comments to ORPTS.