Assessor Manuals, Volume 4, Exemption Administration, Part 1, Section 3

Section 3: Summary Chart of Exemptions

Legend:

Tax—Taxable
Ex—Exempt
O-1—Local option to exempt
O-2—Local option to tax
O-3—Agreement to exempt
ALS—Amount limited by statute
LID—Limited in duration
PILOT—Payments in lieu of taxes required
L—Liable only for county and town charges for capital costs of
- (1) sewer systems,
- (2) water supply systems,
- (3) waterways and drainage, and
- (4) streets and highways and for special assessments for indebtedness contracted before 7/1/53
CV—Liable for city and village special assessments
NA—Not applicable

Summary chart of exemptions
Legend	Municipal	School district	Capital costs of construction	Operation and maintenance costs	Capital costs of construction	Operation and maintenance costs	Specified use requirements	Section	Page
	General taxes		Special ad valorem levies		Special	Assessments		Exemption profile
Real property tax law
Section 400(1) U.S. Government (Generally)	Ex	Ex	Ex	Ex	Ex	Ex	No	4.04	181.01
Section 400(2) U.S. Government (Property occupied under purchase contract authorized by Public Buildings Purchase Contract Act)	Ex LID PILOT	Ex LID PILOT	L LID	Ex LID	L CV LID	Ex CV LID	Yes	4.04	183.01
Section 402 U.S. Government or State of New York (Property held under contract of sale)	Tax	Tax	Tax	Tax	Tax	Tax	NA	4.02	41.01
Section 4.04(1) State of New York (Generally)	Ex PILOT	Ex PILOT	Ex PILOT	Ex PILOT	L CV PILOT	Ex CV PILOT	No	4.02	43.01
Section 4.04(2) State of New York State and Local Employees' Retirement System)	Ex PILOT	Ex PILOT	Ex	Ex	L CV	Ex CV	Yes	4.02	45.01
Section 404(3) State of New York (Teachers' Retirement System)	Ex PILOT	Ex PILOT	Ex	Ex	L CV	Ex CV	Yes	4.02	47.01
Section 406(1) Municipal Corporations (Property within corporate limits held for public use)	Ex	Ex	L	Ex	L CV	Ex CV	Yes	4.03	101.01
Section 406(2) Municipal Corporations (Property outside corporate limits parks, airfields, highways, flood control and soil conservation, or fire protection)	Ex O-3	Ex O-3	Tax	Tax	Tax	Tax	Yes	4.03	103.01
Section 406(3) Municipal Corporations (Property outside corporate limits-- sewer or water facilities) *Local option may limit (see Exemption Profile)	Ex O-3 ALS*	Ex O-3 ALS*	Ex ALS*	Ex ALS*	Ex ALS*	Ex ALS*	Yes	4.03	105.01
Section 406(4) Municipal Corporations (Aqueducts in New York City water supply system)	Ex	Ex	Ex	Ex	Ex	Ex	Yes	4.03	107.01
Section 406(5) Municipal Corporations (Property acquired by tax deed)	Ex LID	Tax	Ex LID	Ex LID	Tax	Tax	Yes	4.03	109.01
Section 406(6) Municipal Corporations (Reforested lands owned by counties) *Exempt from county taxes	Ex*	Tax	Tax	Tax	Tax	Tax	Yes	4.03	111.01
Section 406(7) Municipal Corporations (Airfields outside corporate limits served by three or more major passenger carriers)	Ex PILOT	Ex PILOT	Tax	Tax	Tax	Tax	Yes	4.03	113.01
Section 406(8) Municipal Corporations (Property outside corporate limits-electrical generation and distribution facilities) *see exemption profile	Ex O-3 ALS*	Ex O-3 ALS*	Ex ALS*	Ex ALS*	Ex ALS*	Ex ALS*	Yes	4.03	114.01
Section 408 School Districts and Boards of Cooperative Educational Services (BOCES)	Ex	Ex	L	Ex	L CV	Ex CV	Yes	4.03	115.01
Section 410 Special Districts (Property within district boundaries)	Ex	Ex	L	Ex	L CV	Ex CV	Yes	4.03	117.01
Real property tax law
Section 410-a Special Districts (Property outside district boundaries--sewage disposal or water facilities) *Local option may limit (see Exemption Profile)	Ec O-3 ALS*	Ex O-3 ALS*	L ALS*	Ex ALS*	L CV ALS*	Ex CV ALS*	Yes	4.03	119.01
Section 410-b Special Water Districts (Oswego County)	Ex	Ex	L	Ex	L CV	Ex CV	Yes	4.03	121.01
Section 412 & Public Authorities Law Public Authorities	See Exemption Profile							4.02	49.01
Section 412-a & General Municipal Law Section 874 Municipal Industrial Development Agencies * One agency only (see Exemption Profile) ** Most types of property (see Profile)	Ex PILOT*	Ex PILOT*	Tax**	Tax**	Tax**	Tax**	Yes	4.03	125.01
Section 414 Public Housing, Publicly Assisted Housing, and Limited-Profit Homes	See Exemption Profile							4.07	413.01
Section 416 United Nations and Similar International Organizations * Certain U.N. reuse project in NYC(see Exemption Profile)	Ex PILOT*	Ex PILOT*	Ex	Ex	Ex Tax*	Ex Tax*	Yes	4.04	187.01
Section 418 Foreign Governments (Embassies)	Ex	Ex	L	Ex	Tax	Tax	Yes	4.04	189.01
Section 420-a Nonprofit Organizations (Mandatory class)	Ex	Ex	L	Ex	L CV	Ex CV	Yes	4.05	241.01
Section 420-b Nonprofit Organizations (Permissive class) *In some cases (see Exemption Profile)	Ex O-2	Ex O-2	L	Ex*	L CV	Ex CV	Yes	4.05	243.01
Section 420-c Low-Income Housing in New York City	Ex	Ex	NA	NA	Tax	Tax	Yes	4.07	414.01
Section 421-a New Multiple Dwellings in New York City * For certain types of property (see Exemption Profile)	Ex O-1* ALS LID	Ex O-1* ALS LID	NA	NA	Tax	Tax	Yes	4.07	415.01
Section 421-b Private One- and Two-Family Dwellings in New York City	Ex ALS LID	Ex ALS LID	NA	NA	Tax	Tax	Yes	4.01	1.01
Section 421-c New Multiple Dwellings outside New York City	Ex O-1 ALS LID	Ex O-1 ALS LID	Tax	Tax	Tax	Tax	Yes	4.07	417.01
Section 421-d Multiple Dwellings outside New York City Financed by New York State Housing Finance Agency	Ex O-1 ALS LID	Ex O-1 ALS LID	Tax	Tax	Tax	Tax	Yes	4.07	419.01
Section 421-e Low- or Moderate-Income Housing Developed through Housing Trust Fund or Affordable Housing Development Program	Ex O-1 ALS LID	Ex O-1 ALS LID	Tax	Tax	Tax	Tax	Yes	4.07	421.01
Real property tax law
Section 421-f Home Improvements	Ex O-1 ALS LID	Ex O-1 ALS LID	Ex ALS LID	Ex ALS LID	Tax	Tax	Yes	4.01	4.01
Section 421-g Multiple Dwellings in New York City Converted from Other Uses	Ex ALS LID	Ex ALS LID	NA	NA	Tax	Tax	Yes	4.07	422.01
Section 421-h Multiple Dwellings Converted to Owner-Occupied Residences in Certain Cities *Exempt from city taxes only.	Ex* O-1 ALS LID	Tax	NA	NA	Tax	Tax	Yes	4.01	4A.01
Section 421-i Multiple Dwellings Converted to Owner-Occupied Residences in Certain Cities *Exempt from city taxes only.	Ex* O-1 ALS LID	Tax	NA	NA	Tax	Tax	Yes	4.01	4A.01
Section 421-j Multiple Dwellings Converted to Owner-Occupied Residences in Certain Cities *Exempt from city taxes only	Ex* O-1 ALS LID	Tax	NA	NA	Tax	Tax	Yes	4.01	4A.01
Section 421-j Capital Investment in Multiple Dwellings in Certain Cities *Exempt from city taxes only	Ex* O-1 ALS LID	Tax	NA	NA	Tax	Tax	Yes	4.07	422A.01
Section 421-k Multiple Dwellings Converted to Owner-Occupied Residences in Certain Cities *Exempt from city taxes only	Ex* O-1 ALS LID	Tax	NA	NA	Tax	Tax	Yes	4.01	4A.01
Section 421-l Capital Improvements to Residential Buildings in Certain Towns *see exemption profile	Ex* O-1 ALS LID	Ex* O-1 ALS LID	Ex* ALS LID	Ex* ALS LID	Tax	Tax	Yes	4.01	4B.01
Section 421-m Certain New or Substantially Rehabilitated Multiple Dwellings outside New York City * see exemption profile	Ex* O-1* ALS LID	Ex* O-1* ALS LID	Ex* ALS LID	Ex* ALS LID	Tax	Tax	Yes	4.07	422B.01
Section 421-ff Residential Capital Improvements in Certain Cities *see exemption profile	Ex* O-1* ALS LID	Tax	Tax	Tax	Tax	Tax	Yes	4.01	4M.01
Section 422 Not-for-Profit-Housing Companies * For some types of property (see Exemption Profile)	Ex O-3* ALS*	Ex O-3* ALS*	L	Ex	L CV	Ex CV	Yes	4.07	423.01
Section 423 Redevelopment Company Housing Projects (Continuation (phase-out) of other housing exemption) See also Private Housing Finance Law Sections 125 and 127	Ex ALS LID	Ex ALS LID	Tax	Tax	Tax	Tax	Yes	4.07	425.01
Section 424 Institutes of Arts and Sciences (New York City)	Ex	Ex	NA	NA	Tax	Tax	Yes	4.05	245.01
Section 425 School Tax Relief (STAR)	Tax ALS	Ex	Tax	Tax	Tax	Tax	Yes	4.01	5.01
Section 425-a Enhanced STAR Recipients in Nassau County *Exempt for county tax purposes only	Ex* O-1 ALS LID	Tax	Tax	Tax	Tax	Tax	Yes	4.01	5A.01
Section 426 Opera Houses	Ex	Ex	L	Ex	L CV	Ex CV	Yes	4.05	249.01
Section 427 Performing Arts Buildings	Ex	Ex	L	Ex	L CV	Ex CV	Yes	4.05	251.01
Section 428 Fraternal Organizations	Ex	Ex	L	Ex	L CV	Ex CV	Yes	4.05	253.01
Section 429 Sports Arena Used by National Hockey League and National Basketball Association (New York City)	Ex ALS LID	Ex ALS LID	NA	NA	Tax	Tax	Yes	4.06	331.01
Section 430 Interdenominational Centers *In some cases (see Exemption Profile)	Ex	Ex	L*	Ex*	L* CV	Ex* CV	Yes	4.05	255.01
Section 432 Theatrical Corporations Created by Act of Congress	Ex ALS	Ex ALS	L ALS	Ex ALS	L CV ALS	Ex CV ALS	Yes	4.05	257.01
Section 434 Academies of Music (In cities with population of 175,000 or more) Local option may limit (see Exemption Profile)	Ex O-1 ALS*	Ex O-1 ALS*	L ALS*	Ex ALS*	L CV ALS*	Ex CV ALS*	Yes	4.05	259.01
Section 436 Clergy (Property held in trust for benefit of church members)	Ex	Ex	L	Ex	L CV	Ex CV	Yes	4.01	6.01
Section 438 Property Held by (a) Trustees of Hospital, Playground, or Library or (b) Hospital Corporation for Benefit of a City * In some cases (see Exemption Profile) ** Playground or library only	Ex O-2**	Ex O-2**	L*	Ex*	L* CV*	Ex* CV	Yes	4.05	261.01
Section 440 Infant Homes	Ex	Ex	Ex	Ex	Ex	Ex	Yes	4.05	263.01
Section 442 and Not-For-Profit Corporation Law Section 1405 Soldiers Monument Corporations	Ex	Ex	Ex	Ex	Ex	Ex	Yes	4.05	265.01
Section 444 and Not-For-Profit Corporation Law Section 1408 Historical Societies	Ex ALS	Ex ALS	Tax	Tax	Tax	Tax	Yes	4.05	267.01
Real property tax law
Section 444-a Historic Property	Ex O-1 ALS LID	Ex O-1 ALS LID	Ex	Ex	Tax	Tax	Yes	4.01	7.01
Section 446 Cemeteries (Public or private)	Ex	Ex	Ex	Ex	Ex	Ex	Yes	4.03	127.01
Section 450 Agricultural Societies	Ex	Ex	L	Ex	L CV	Ex CV	Yes	4.05	273.01
Section 452 Veterans Organizations * See exemption profile	Ex*	Ex*	L	Ex*	L CV	Ex* CV	Yes	4.05	275.01
Section 454 Indian Reservations	Ex	Ex	L	Ex	L CV	Ex CV	Yes	4.04	191.01
Section 456 Municipal Railroads (All capital stock owned by a municipal corporation)	Ex	Ex	L	Ex	L CV	Ex CV	Yes	4.06	333.01
Section 457 First-time Homebuyers of Newly Constructed Homes	Ex O-1 ALS LID	Ex O-1 ALS LID	Ex	Ex	Tax	Tax	Yes	4.01	7A.01
Section 458(1) Veterans (Exemption based on eligible funds)	Ex ALS	Tax	Tax	Tax	Tax	Tax	No	4.01	8.01
Section 458(2) Veterans (Disabled -- property purchased through donations)	Ex ALS	Ex ALS	Tax	Tax	Tax	Tax	No	4.01	8.01
Section 458(3) Veterans (Seriously disabled)	Ex	Ex	Ex	Ex	Ex	Ex	Yes	4.01	8.01
Section 458(5) (former) Veterans (Exemption increased or decreased following full-value reassessment pro rata)	Ex O-1 ALS	Tax	Tax	Tax	Tax	Tax	No	4.01	8.01
Section 458(5) (current) Veterans (Exemption increased or decreased following revaluation or update -- change in level)	Ex O-1 ALS	Tax	Tax	Tax	Tax	Tax	No	4.01	8.01
Section 458-a Veterans (Alternative exemption for wartime veterans)	Ex O-2 ALS	Ex O-1 ALS	Tax	Tax	Tax	Tax	Yes	4.01	9.01
Section 458-b Veterans (Cold War)	Ex O-1 ALS LID	Ex O-1 ALS LID	Tax	Tax	Tax	Tax	Yes	4.01	10.01
Section 458-c Severely injured members of the armed forces	Ex 0-1 ALS LID	Ex 0-1 ALS LID	Ex O-1 ALS	Ex O-1 ALS	Tax	Tax	Yes	4.01	10.20
Section 459 Physically Disabled	Ex O-1 ALS	Ex O-1 ALS	Ex	Ex	Tax	Tax	Yes	4.01	11.01
Section 459-a Improvements to Property Pursuant to the Americans with Disabilities Act of 1990	Ex O-1 ALS LID	Ex O-1 ALS LID	Ex O-1 ALS LID	Ex O-1 ALS LID	Tax	Tax	Yes	4.06	355.01
Section 459-b Disabled Crime Victims	Ex ALS	Ex ALS	Tax	Tax	Tax	Tax	Yes	4.01	12.01
Section 459-c Persons with Disabilities and Limited Incomes	Ex O-1 ALS	Ex O-1 ALS	Tax	Tax	Tax	Tax	Yes	4.01	13.01
Section 460 Clergy	Ex ALS	Ex ALS	Tax	Tax	Tax	Tax	No	4.01	14.01
Section 462 Clergy Residence (Owned by Religious Corporation)	Ex	Ex	Tax	Tax	Tax	Tax	Yes	4.05	277.01
Section 464(1) Incorporated Associations of Volunteer Firemen	Ex ALS	Ex ALS	Tax	Tax	Tax	Tax	Yes	4.05	279.01
Section 464(2) Incorporated Volunteer Fire Companies or Departments	Ex	Ex	L	Ex	L CV	Ex CV	Yes	4.05	281.01
Real property tax law
Section 466 Volunteer Firemen and Fire Companies in Villages *Exempt from village taxes only	Ex* O-1 ALS	Tax	Tax	Tax	Tax	Tax	No	4.01	15.01
Section 466-a Volunteer Firefighters and Ambulance Workers	Ex O-1 ALS	Ex O-1 ALS	Ex O-1 ALS	Ex O-1 ALS	Tax	Tax	Yes	4.01	16b.01
Section 466-a Volunteer Firefighters and Ambulance Workers in Certain Counties	Ex O-1 ALS	Tax	Ex O-1 ALS	Ex O-1 ALS	Tax	Tax	Yes	4.01	16.01
Section 466-b Volunteer Firefighters and Ambulance Workers in Certain Counties	Ex O-1 ALS	Tax	Ex O-1 ALS	Ex O-1 ALS	Tax	Tax	Yes	4.01	16.01
Section 466-c Volunteer Firefighters and Ambulance Workers in Certain Counties *In certain counties (see Exemption Profile)	Ex O-1 ALS*	See Exemp- tion Profile	Ex 0-1 ALS*	Ex 0-1 ALS*	Tax	Tax	Yes	4.01	16.01
Section 466-d Volunteer Firefighters and Ambulance Workers in Certain Counties *In certain counties (see Exemption Profile)	Ex O-1 ALS*	See Exemp- tion Profile	Ex 0-1 ALS*	Ex 0-1 ALS*	Tax	Tax	Yes	4.01	16.01
Section 466-e Volunteer Firefighters and Ambulance Workers in Certain Counties	Ex O-1 ALS	See Exemp- tion Profile	Ex 0-1 ALS	Ex 0-1 ALS	Tax	Tax	Yes	4.01	16.01
Section 466-f Volunteer Firefighters and Ambulance Workers in Certain Counties *In certain counties (see Exemption Profile)	Ex O-1 ALS*	See Exemp- tion Profile	Ex 0-1 ALS*	Ex 0-1 ALS*	Tax	Tax	Yes	4.01	16.01
Section 466-g Volunteer Firefighters and Ambulance Workers in Certain Counties	Ex O-1 ALS	See Exemp- tion Profile	Ex 0-1 ALS	Ex 0-1 ALS	Tax	Tax	Yes	4.01	16.01
Section 466-h Volunteer Firefighters and Ambulance Workers in Certain Counties	Ex O-1 ALS	Ex 0-1 ALS	Ex 0-1 ALS	Ex 0-1 ALS	Tax	Tax	Yes	4.01	16.01
Section 466-i Volunteer Firefighters and Ambulance Workers in Certain Counties	Ex O-1 ALS	Ex 0-1 ALS	Ex 0-1 ALS	Ex 0-1 ALS	Tax	Tax	Yes	4.01	16.01
Section 466-j Volunteer Firefighters and Ambulance Workers in Certain Counties	Ex O-1 ALS	Ex 0-1 ALS	Ex 0-1 ALS	Ex 0-1 ALS	Tax	Tax	Yes	4.01	16.01
Section 466-k Volunteer Firefighters and Ambulance Workers in Certain Counties	Ex O-1 ALS	Ex O-1 ALS	Ex O-1 ALS	Ex O-1 ALS	Tax	Tax	Yes	4.01	16.01
Section 467 Persons 65 Years of Age or Older	Ex O-1 ALS	Ex O-1 ALS	Tax	Tax	Tax	Tax	Yes	4.01	17.01
Section 467-a Class 2 Cooperatives and Condominiums in New York City	See Exemption Profile		NA	NA	Tax	Tax	Yes	4.07	426.01
Section 467-b Rent-Controlled or Rent-Regulated Property Occupied by Senior Citizens	See Exemption Profile		Tax	Tax	Tax	Tax	Yes	4.07	427.01
Section 467-c Rent-Controlled Property Occupied by Senior Citizens in New York City	See Exemption Profile		NA	NA	Tax	Tax	Yes	4.07	429.01
Section 467-d Certain Living Quarters Constructed To Be Occupied by a Senior Citizen or Disabled Individual * Exempt from town taxes only	Ex* O-1 ALS	Tax	Ex* O-1 ALS	Ex* O-1 ALS	Tax	Tax	Yes	4.01	18.01
Section 467-f Protective and Safety Devices Installed in Multiple Dwellings in New York City	See Exemption Profile		NA	NA	Tax	Tax	Yes	4.07	430.01
Section 467-k Residential Property In Flood Insurance Program In Certain Cities (Syracuse) *Exempt from City taxes only	Ex* O-1 ALS	See Exemption Profile	Tax	Tax	Tax	Tax	Yes	4.01	18K1.01
Section 467-k Senior Long-time Residents In Certain Cities (Buffalo) *Exempt from City taxes only County may adopt after city		See Exemption Profile	Tax	Tax	Tax	Tax	Yes	4.01	18K2.01
Section 468 Fire Patrol and Salvage Corps	Ex	Ex	Tax	Tax	Tax	Tax	Yes	4.05	285.01
Section 469 Living Quarters for Parent or Grandparent	Ex O-1 ALS	Ex O-1 ALS	Ex O-1 ALS	Ex O-1 ALS	Tax	Tax	Yes	4.01	19.01
Section 470 Green Buildings	Ex O-1 ALS LID	Ex O-1 ALS LID	Tax	Tax	Tax	Tax	Yes	4.06	337.01
Section 472 Pharmaceutical Societies (In cities with population of 175,000 or more) * In some cases (see Exemption Profile	Ex O-2	Ex O-2	L*	Ex*	L* CV	Ex* CV	Yes	4.05	287.01
Section 474 Dental Societies (In cities with population of 175,000 or more) * In some cases (see Exemption Profile)	Ex O-2 ALS	Ex O-2 ALS	L* ALS	Ex* ALS	L* CV ALS	Ex* CV ALS	Yes	4.05	289.01
Section 476-a Railroad Passenger Stations in New York City	Ex	Ex	NA	NA	Tax	Tax	Yes	4.06	339.01
Section 477 Industrial Waste Treatment Facilities	Ex ALS	Ex ALS	Ex ALS	Ex ALS	Tax	Tax	Yes	4.06	341.01
Section 477-a Air Pollution Control Facilities	Ex ALS	Ex ALS	Ex ALS	Ex ALS	Tax	Tax	Yes	4.06	343.01
Section 478 Off-Street Parking Facilities Providing Underground Shelters (In cities and villages only) * Exempt from city and town taxes only	Ex* O-1 ALS LID	Tax	Tax	Tax	Tax	Tax	Yes	4.06	345.01
Section 479 Fallout Shelter Facilities	Ex ALS	Ex ALS	Ex ALS	Ex ALS	Ex ALS	Ex ALS	Yes	4.06	347.01
Section 480 Forest and Reforested Lands (Certified prior to 9/1/74) (Fisher Act)	Ex ALS	Ex ALS	Tax	Tax	Tax	Tax	Yes	4.08	613.01
Section 480-a Forest Land (Certified on or after 9/1/74)	Ex ALS	Ex ALS	Tax	Tax	Tax	Tax	Yes	4.08	615.01
Section 482 Quarantined Lands	Ex ALS O-3	Tax	Tax	Tax	Tax	Tax	Yes	4.08	617.01
Section 483 Structures and Buildings Essential to the Operation of Agricultural and Horticultural Lands	Ex ALS	Ex ALS	Tax	Tax	Tax	Tax	Yes	4.08	619.01
Section 483-a Farm Silos, Bulk Milk Tanks and Coolers, Farm Feed Grain Storage Bins, Commodity Sheds, and Manure and Handling Facilities	Ex	Ex	Ex	Ex	Ex	Ex	Yes	4.08	620.01
Real property tax law
Section 483-b Historic Barns	Ex O-1 ALS LID	Ex O-1 ALS LID	Tax	Tax	Tax	Tax	Yes	4.08	621.01
Section 483-c Temporary Greenhouses	Ex	Ex	Ex	Ex	Ex	Ex	Yes	4.08	622.01
Section 483-d Farm or Food Processing Labor Camps or Commissaries	Ex	Ex	Ex	Ex	Ex	Ex	Yes	4.08	623.01
Section 485 Nuclear Powered Electric Generating Facilities	Ex O-1 PILOT	Ex O-1 PILOT	L	Ex O-1 PILOT	L CV	Ex CV O-1 PILOT	Yes	4.06	351.01
Section 485-a Mixed-use Properties in Certain Cities *County and school district local option conditional on city adoption of local option.	Ex* O-1 ALS LID	Ex* O-1 ALS LID	Ex*	Ex*	Tax	Tax	Yes	4.06	352.01
Section 485-b Business Investment Property outside New York City * Initial exemptions granted on or after 8/5/97 are liable for fire district levies	Ex O-2 ALS LID	Ex O-2 ALS LID	Ex ALS LID	Ex* ALS LID	Tax	Tax	Yes	4.06	353.01
Section 485-c Steel Manufacturing Property(In cities with population of 50,000 or more)	Ex	Ex	Tax	Tax	Tax	Tax	Yes	4.06	355.01
Section 485-d Waterworks Corporations (New York City) * If prescribed by local law (see Exemption Profile)	Ex O-1 ALS*	Ex O-1 ALS*	NA	NA	Tax	Tax	Yes	4.06	357.01
Section 485-e Property Improvements in Empire Zones	Ex O-1 ALS LID	Ex O-1 ALS LID	Ex ALS LID	Ex ALS LID	Tax	Tax	No	4.06	359.01
Section 485-f Branch Banks in Banking Development Districts	Ex O-1 ALS LID	Ex O-1 ALS LID	Ex ALS LID	Ex ALS LID	Tax	Tax	Yes	4.06	360.01
Section 485-g Residential Subdivision Infrastructure	Ex O-1 ALS LID	Ex O-1 ALS LID	Tax	Tax	Tax	Tax	Yes	4.06	361.01
Section 485-h Residential Investment in Certain Municipalities *Taxable for county purposes	Ex* O-1 ALS LID	Tax	NA	NA	Tax	Tax	Yes	4.01	19A.01
Section 485-i Residential Investment in Certain Municipalities	See exemption profile	See exemption profile	NA	NA	Tax	Tax	Yes	4.01	19A.01
Section 485-j Residential Investment in Certain Municipalities	Ex O-1 ALS LID	See exemption profile	NA	NA	Tax	Tax	Yes	4.01	19A.01
Section 485-j Residential Property Improvements in Certain Cities *Exempt from city taxes only	Ex* O-1 ALS LID	Ex O-1 ALS LID	NA	NA	Tax	Tax	Yes	4.01	19B.01
Section 485-k Residential Investment in Certain Municipalities	Tax	Ex O-1 ALS LID	NA	NA	Tax	Tax	Yes	4.01	19A.01
Section 485-i Residential Investment in Certain Municipalities	Tax	Ex O-1 ALS LID	NA	NA	Tax	Tax	Yes	4.01	19A.01
Section 485-i Residential Property Improvements in Certain Towns * Exempt from town taxes only	Ex* O-1 ALS LID	Tax	Ex*	Ex*	Tax	Tax	Yes	4.01	19C.01
Section 485-m Residential Property Improvements in Certain Municipalities	Tax	Ex* O-1 ALS LID	NA	NA	Tax	Tax	Yes	4.01	19A.01
Section 485-n Residential-commercial Property in Certain Counties *(see Exemption Profile)	Ex* O-1 ALS LID	Ex* O-1 ALS LID	NA	NA	Tax	Tax	Yes	4.06	361A.01
Section 485-o New Residential Property in Certain Cities *Exempt from city and fiscally dependent school taxes only	Ex* O-1 ALS LID	Ex* O-1 ALS LID	NA	NA	Tax	Tax	Yes	4.01	19D.01
Section 485-p Economic Transformation Areas	Ex O-1 ALS LID	Ex O-1 ALS LID	Ex ALS LID	Ex ALS LID	Tax	Tax	Yes	4.06	361B.01
Section 485-u Nassau County Reassessment	Ex O-1 ALS LID	Ex O-1 ALS LID	Ex ALS LID	Ex ALS LID	Tax	Tax	Yes	4.01	19H.01
Section 485-v Residential and Mixed Use in Certain Cities and School Districts *Local option for counties and school districts	Ex O-1 ALS LID	Ex O-1 ALS LID	Tax	Tax	Tax	Tax	Yes	4.06	361S.01
Section 485-v Statewide Residential Revaluation	Ex O-1 ALS LID	Ex O-1 ALS LID	Ex O-1 ALS LID	Ex O-1 ALS LID	Tax	Tax	Yes	4.01	19K.01
Section 485-w Newly Constructed Residential Property in Certain Villages	Ex O-1 ALS LID	Tax	Tax	Tax	Tax	Tax	Yes	4.01	19L.01
Section 486 and Insurance Law Section 4310(j) Nonprofit Medical and Dental Indemnity Corporations and Health and Hospital Service Corporations	Ex	Ex	Tax	Tax	Tax	Tax	No	4.05	291.01
Section 486-a Nonprofit Health Maintenance Organizations	Ex	Ex	Tax	Tax	Tax	Tax	Yes	4.05	293.01
Section 487 Solar, Wind, or Farm Waste Energy Systems *In certain instances	Ex O-2 ALS LID PILOT*	Ex O-2 ALS LID PILOT*	Tax	Tax	Tax	Tax	Yes	4.01	20.01
Section 487-a Energy Conservation Improvements to Certain Residential Premises	Ex ALS	Ex ALS	Ex ALS	Ex ALS	Tax	Tax	Yes	4.01	21.01
Section 488 and Insurance Law Section 4607 Retirement Systems (Private nonprofit)	Ex	Ex	Tax	Tax	Tax	Tax	No	4.05	295.01
Section 488-a Multiple Dwellings (Rehabilitation of Class B dwellings and rehabilitation of Class A dwellings used for single-room occupancy) 8City purposes only **Big 5 cities only	Ex* O-1 (not in NYC) ALS LID	Ex** O-1 (not in NYC) ALS LID	Tax	Tax	Tax	Tax	Yes	4.07	431.01
Section 489 Multiple Dwellings (Various improvements)	Ex O-1 ALS LID	Ex O-1 ALS LID	Tax	Tax	Tax	Tax	Yes	4.07	433.01
Section 489-d Railroad Companies (Intrastate) * For some types of property(see Exemption Profile)	Ex ALS*	Ex ALS*	Ex ALS*	Ex ALS*	Tax	Tax	Yes	4.06	362.01
Section 489-dd Railroad Companies (Interstate) * For some types of property(see Exemption Profile)	Ex ALS*	Ex ALS*	Ex ALS*	Ex ALS*	Tax	Tax	Yes	4.06	361.01
Real property tax law
Section 489-bbbb Industrial and Commercial Properties in New York City (Project certified by NYC Department of Finance)	Ex O-1 ALS LID	Ex O-1 ALS LID	NA	NA	Tax	Tax	Yes	4.06	365.01
Section 489-bbbbb Mixed Use Properties in New York City	Ex ALS LID	Ex ALS LID	NA	NA	Tax	Tax	Yes	4.06	367.01
Section 489-bbbbbb Industrial and Commercial Properties in New York City (Project certified by NYC Department of Finance after June 30, 2008)	See Exemption Profile		NA	NA	Tax	Tax	Yes	4.06	368.01
Sections 491, 491-a and 491-b Conservation Easement Agreement in Certain Towns * County and school district local option conditional on town adoption of local option **Based on length of commitment	Ex* O-1 ALS LID**	Ex* O-1 ALS LID**	Ex* ALS LID**	Ex* ALS LID**	Tax	Tax	Yes	4.08	625.01
Section 499-b Commercial Properties in Designated Areas of Manhattan (New York City)	See Exemption Profile		NA	NA	Tax	Tax	Yes	4.06	371.01
Section 499-bb Commercial Properties in New York City Outside Designated Areas of Manhattan	See Exemption Profile		NA	NA	Tax	Tax	Yes	4.06	373.01
Section 499-bbb Green Roof Properties in New York City	See Exemption Profile		NA	NA	Tax	Tax	Yes	4.06	374.01
Section 499-bbbb Solar Electric Generating Systems in New York City	See Exemption Profile		NA	NA	Tax	Tax	Yes	4.06	375.01
Section 499-qqqq Mass Telecommunication Ceilings	Ex ALS		Ex ALS	Ex ALS	Ex ALS	Ex ALS	Yes	4.06	376.01
Section 532 Certain State-Owned Lands Subject to Taxation for All Purposes	Tax	Tax	Tax	Tax	L CV	Ex CV	Yes	4.02	53.01
Section 534 State-Owned Reforestation Lands *Exempt for county purposes only	Ex*	Tax	Ex*	Ex*	Ex	Ex	Yes	4.02	55.01
Section 536 State-Owned Lands Subject to Taxation for School Purposes Only	Ex	Tax	Ex	Ex	L CV	Ex CV	Yes	4.02	57.01
Section 1138 Withdrawal of Parcels from Foreclosure	Ex	Ex	Ex	Ex	Ex	Ex	No	4.06	377.01
Agricultural and markets law
Section 305 Agricultural Districts (Formed by county or New York State)	Ex ALS	Ex ALS	Ex	Ex	Ex	Ex	Yes	4.08	631.01
Section 305(7) Replanted or Expanded Orchard and Vineyard Land	Ex ALS LID	Ex ALS LID	See Exemption Profile		See Exemption Profile		Yes	4.08	632.01
Section 306 Agricultural Land outside Agricultural District	Ex ALS	Ex ALS	Tax	Tax	Tax	Tax	Yes	4.08	633.01
Arts and cultural affairs law
Section 20 New York Sate Cultural Resources Trust	Ex	Ex	Tax	Tax	Tax	Tax	No	4.02	65.01
Section 21 New York City Cultural Resources Trust	Ex	Ex	NA	NA	Tax	Tax	No	4.03	135.01
Banking law
Section 420-e New York State Savings and Loan Insurance	Ex	Ex	Tax	Tax	Tax	Tax	Yes	4.02	71.01
Education law
Section 468 New York City Educational Construction Fund	Ex PILOT	Ex PILOT	NA	NA	Tax	Tax	Yes	4.03	145.01
Section 492 City of Yonkers Educational Construction Fund	Ex PILOT	Ex PILOT	NA	NA	Tax	Tax	Yes	4.03	147.01
Section 657 New York State Higher Education Services Corporation	Ex	Ex	Ex	Ex	Ex	Ex	No	4.02	75.01
Section 2853 Charter School Incorporated by New York State Board of Regents	Ex	Ex	L	Ex	L CV	Ex CV	Yes	4.03	148.01
Section 6282 City University Construction Fund (New York City)	Ex	Ex	NA	NA	Tax	Tax	Yes	4.03	149.01
Environmental conservation law
Section 15-1909(4) Drainage Improvement Districts	Ex	Ex	Tax	Tax	Tax	Tax	Yes	4.03	141.01
Section 15-2115 River Regulating Districts	Tax	Tax	Tax	Tax	L CV	Ex CV	Yes	4.02	73.01
Section 15-2309 River Improvement Districts	Ex	Ex	Tax	Tax	Tax	Tax	Yes	4.03	143.01
Section 21-0701(14.3) Delaware River Basin Compact	Ex PILOT	Ex PILOT	Tax	Tax	Tax	Tax	Yes	4.04	211.01
Section 21-0901(Art. IV) Great Lakes Basin Compact	Ex	Ex	Tax	Tax	Tax	Tax	Yes	4.04	213.01
Environmental conservation law
Section 21-1301(15.3) Susquehanna River Basin Compact	Ex PILOT	Ex PILOT	Tax	Tax	Tax	Tax	Yes	4.04	215.01
General municipal law
Section 120-u(10) Emergency Water Supply Pipelines and Conduits	Ex	Ex	Tax	Tax	Tax	Tax	Yes	4.03	151.01
Section 411 Municipal Corporations (Certain revenue-producing under-takings not exempt under Real Property Tax Law Section 406(1))	Ex	Ex	Tax	Tax	Tax	Tax	Yes	4.03	155.01
Section 506, 555, and 560 Urban Renewal Property Owned by Municipality or Municipal Urban Renewal Agency	Ex	Ex	Tax	Tax	Tax	Tax	Yes	4.07	563.01
Section 696 Urban Development Action Area Projects	Ex O-3 ALS LID PILOT	Ex O-3 ALS LID PILOT	Tax	Tax	Tax	Tax	Yes	4.07	565.01
Not for profit corporation law
Section 1608 Land Banks	Ex	Ex	Tax	Tax	Tax	Tax	Yes	4.05	300.01
Private housing finance law
Section 33(1)(a) Limited-Profit Housing Companies(Property partially used for purposes exempt under Real Property Tax Law Section 422)	Ex O-3 ALS LID	Ex O-3 ALS LID	L LID	Ex LID	L CIV LID	Ex CV LID	Yes	4.07	451.01
Section 33(1)(a) Limited-Profit Housing Companies (Property not described by other subsections of Section 33)	Ex O-3 ALS LID	Ex O-3 ALS LID	Tax	Tax	Tax	Tax	Yes	4.07	451.01
Section 33(1)(c) Limited-Profit Housing Companies (Urban Development Corporation subsidiary other than not-for-profit)	Ex ALS LID	Ex ALS LID	Tax	Tax	Tax	Tax	Yes	4.07	453.01
Section 33(1)(d) Limited-Profit Housing Companies(Projects financed by federally insured mortgage loan)	Ex ALS LID	Ex ALS LID	Tax	Tax	Tax	Tax	Yes	4.07	455.01
Section 33(2) Limited-Profit Housing Companies (Dwellings leased to New York State Housing Finance Agency)	Ex ALS LID PILOT	Ex ALS LID PILOT	Ex ALS LID PILOT	Ex ALS LID PILOT	Tax	Tax	Yes	4.07	457.01
Section 33(3) Limited-Profit Housing Companies(Dwellings leased to municipality or municipal housing authority)	Ex ALS LID	Ex ALS LID	Ex ALS LID	Ex ALS LID	Tax	Tax	Yes	4.07	459.01
Section 33(4) Limited-Profit Housing Companies(Mutual company (co-op) organized for acquisition of building by its residents)	Ex O-3 ALS LID	Ex O-3 ALS LID	Tax	Tax	Tax	Tax	Yes	4.07	461.01
Section 36-a(2) Municipally Owned Housing Projects Acquired from Housing Development Fund Company or Limited-Profit Housing Company	Ex LID	Ex LID	Tax	Tax	Tax	Tax	Yes	4.07	463.01
Section 36-a(4) Municipally Owned Housing Projects Sold or Leased to Housing Develop-ment Fund Company or Limited-Profit Housing Company * Local option may limit (see Exemption Profile)	Ex O-3 ALS* LID	Ex O-3 ALS* LID	Tax	Tax	Tax	Tax	Yes	4.07	465.01
Section 45-a New York State Housing Finance Agency Subsidiary(Housing Trust Fund Corporation)	Ex	Ex	Tax	Tax	Tax	Tax	Yes	4.07	467.01
Private housing finance law
Section 45-b New York State Housing Finance Agency Subsidiary(Affordable Housing Corporation)	Ex	Ex	Tax	Tax	Tax	Tax	Yes	4.07	469.01
Section 53 New York State Housing Finance Agency	Ex	Ex	Tax	Tax	Tax	Tax	No	4.07	471.01
Section 93(3) and 93(5) Limited Dividend Housing Companies(Project completed prior to 1/1/39)	Ex O-3 ALS LID	Ex O-3 ALS LID	Tax	Tax	Tax	Tax	Yes	4.07	473.01
Section 93(4) and 93(5) Limited Dividend Housing Companies (Project completed between 1/1/39 and 12/31/72 or after 1/1/79)	Ex O-3 ALS LID	Ex O-3 ALS LID	Tax	Tax	Tax	Tax	Yes	4.07	475.01
Section 93(6) Limited Dividend Housing Companies(Urban Development Corporation subsidiary)	Ex ALS LID	Ex ALS LID	Tax	Tax	Tax	Tax	Yes	4.07	477.01
Section 97 Limited Dividend Housing Companies Organized Pursuant to State Housing Law of 1926(Building erected before 1/2/37) *Local option may limit (see Exemption Profile)	Ex O-3 ALS* LID	Ex O-3 ALS* LID	Tax	Tax	Tax	Tax	Yes	4.07	479.01
Sections 125 and 127 Redevelopment Company Housing Projects (First exemption ) See also Real Property Tax Law Section 423 * Local option may limit (see Exemption Profile)	Ex O-3 ALS* LID	Ex O-3 ALS* LID	Tax	Tax	Tax	Tax	Yes	4.07	481.01
Section 211 Urban Renewal Property Owned by Urban Redevelopment Corporations	Ex O-1 ALS LID	Ex O-1 ALS LID	Ex ALS LID	Ex ALS LID	Tax	Tax	Yes	4.07	581.01
Section 260 Urban Renewal Property Owned by Community Development Corporation	Ex	Ex	Tax	Tax	Tax	Tax	Yes	4.07	583.01
Section 405 Rent-Controlled Multiple Dwellings Improved through Loan Made Pursuant to Private Housing Finance Law Article 8 * In certain cases (see Exemption Profile)	Ex O-1 ALS LID* PILOT*	Ex O-1 ALS LID* PILOT*	Tax	Tax	Tax	Tax	Yes	4.07	483.01
Section 556 Limited Dividend Housing Companies or Limited-Profit Housing Companies (Property purchased or leased from municipality or municipal housing authority) * Local option may limit (see Exemption Profile)	Ex O-3 ALS* LID	Ex O-1 ALS* LID	Tax	Tax	Tax	Tax	Yes	4.07	485.01
Section 577(1) Housing Development Fund Companies(Property not described by other sections of law) * Local option may limit (see Exemption Profile)	Ex O-3 ALS* LID	Ex O-1 ALS* LID	Tax	Tax	Tax	Tax	Yes	4.07	487.01
Section 577(3) Housing Development Fund Companies (Urban Development Corporation subsidiaries other than not-for-profit)	Ex ALS LID	Ex ALS LID	Tax	Tax	Tax	Tax	Yes	4.07	489.01
Sections 654-a, 654-b, 654-c New York City Housing Development Corporation Subsidiaries Not Described Below	Ex	Ex	NA	NA	Tax	Tax	Yes	4.07	491.01
Private housing finance law
Section 654-a New York City Housing Development Corporation Subsidiaries -- Limited-Profit Housing Company or Housing Development Fund Company * Local option may limit (see Exemption Profile)	Ex O-3 ALS* LID	Ex O-3 ALS* LID	NA	NA	Tax	Tax	Yes	4.07	491.01
Section 663 New York City Housing Development Corporation	Ex	Ex	NA	NA	Tax	Tax	No	4.07	493.01
Section 1106-h Low-Income Turnkey/Enhance Housing Trust Fund Program	Ex O-1 ALS	Tax	Ex* ALS	Ex* ALS	Ex* ALS	Ex* ALS	Yes	4.07	495.01
Public health law
Section 2864 Limited-Profit Nursing Home Companies	Ex ALS LID	Ex ALS LID	Ex ALS LID	Ex ALS LID	Tax	Tax	Yes	4.07	511.01
Public housing law
Sections 52(3), 52(5), 52(6) Municipal Housing Authorities(Project financed or aided by federal government or municipality, but not New York State)	Ex LID	Ex LID	Tax	Tax	Tax	Tax	Yes	4.07	521.01
Sections 52(4), 52(5), and 52(6) Municipal Housing Authorities(Project financed or aided by New York State)	Ex ALS LID	Ex ALS LID	Ex ALS LID	Ex ALS LID	Tax	Tax	Yes	4.07	523.01
Section 58(3) Municipal Housing Authorities(Project sold or leased to limited-profit mutual (co-op) housing company)	Ex O-3 ALS LID	Ex O-3 ALS LID	Tax	Tax	Tax	Tax	Yes	4.07	523.01
Section 214-a(2) Rent-Controlled Multiple Dwellings Erected Before 4/18/29 and Improved through Loan Made Pursuant to Public Housing Law Article 10 * In some cases (see Exemption Profile)	Ex O-1 ALS LID*	Ex O-1 ALS LID*	Tax	Tax	Tax	Tax	Yes	4.07	527.01
Racing, pari-mutuel wagering, and breeding law
Section 513 Regional Off-Tracking Betting Corporations	Ex	Ex	Tax	Tax	Tax	Tax	Yes	4.03	157.01
Section 617 New York City Off-Track Betting Corporation	Ex	Ex	NA	NA	Tax	Tax	Yes	4.03	159.01
Rapid transit law
Section 103 Railroad and Related Property (New York City)	Ex	Ex	NA	NA	Ex	Ex	Yes	4.06	383.01
Retirement and Social Security law
Section 313(h) State of New York (State and Local Police and Fire Retirement System)	Ex PILOT	Ex PILOT	Tax	Tax	Tax	Tax	Yes	4.02	79.01
Social services law
Section 472-p Berkshire Farm Center for Youth	Ex	Ex	L	Ex	L CV	Ex CV	Yes	4.05	311.01
Special legislative acts
Laws Enacted Before 1902	These exemptions are authorized by special legislative acts that apply to specific properties. Since these exemptions are numerous and, for the most part, restricted to certain sites, they are not described in this volume. Further information about these exemptions may be obtained from the New York State Office of Real Property Tax Services, Office of Counsel. On assessment rolls the Exemption Code to be used for these exemptions is 26000.							NA	NA
State law
Section 54 U.S. Property Used for Military, Navigation, Hospital, Post Office, or Custom House Purposes	Ex	Ex	Ex	Ex	Ex	Ex	Yes	4.04	219.01
Section 59-g U.S. Property Used for Defense Purposes	Ex	Ex	Ex	Ex	Ex	Ex	Yes	4.04	221.01
Transportation law
Section 64 Utica Transit Authority	Ex	Ex	Tax	Tax	Tax	Tax	Yes	4.06	385.01
Consolidated laws service unconsolidated laws
Chapter 270 Nonprofit Corporations(Corporations providing housing facilities and related research or guaranteeing loans to finance such facilities)	Ex	Ex	Tax	Tax	Tax	Tax	No	4.07	541.01
Chapter 270 Nonprofit Corporations(Corporations providing industrial facilities and related research or guaranteeing loans to finance small business facilities and activities)	Ex	Ex	Tax	Tax	Tax	Tax	No	4.06	387.01
McKinney's unconsolidated laws
Section 4413 Facilities Development Corporation	Ex	Ex	Tax	Tax	Tax	Tax	Yes	4.02	81.01
Section 6272 New York State Urban Development Corporation (Housing Project)	Ex	Ex	Ex	Ex	Tax	Tax	Yes	4.07	543.01
Section 6272 New York State Urban Development Corporation(Industrial project or property of undetermined use) *Only some projects (see Exemption Profile)	Ex PILOT*	Ex PILOT*	Ex	Ex	Tax	Tax	Yes	4.06	389.01
New York State Urban Development Corporation (Urban renewal or civic project)	Ex	Ex	Ex	Ex	Tax	Tax	Yes	4.07	6272.01
Section 6369 New York State Project Finance Agency	Ex	Ex	Tax	Tax	Tax	Tax	No	4.07	545.01
Section 6515 Port Authority of New York and New Jersey -- Bridges and Tunnels	Ex	Ex	NA	NA	Tax	Tax	Yes	4.04	223.01
Section 6562 Port Authority of New York and New Jersey -- Narrows Bridge	Ex	Ex	NA	NA	Tax	Tax	Yes	4.04	223.01
Section 6611 Port Authority of New York and New Jersey -- World Trade Center	Ex	Ex	NA	NA	Tax	Tax	Yes	4.04	223.01
Section 6635 Port Authority of New York and New Jersey -- Air Terminals	Ex	Ex	NA	NA	Tax	Tax	Yes	4.04	223.01
Section 7181 Port Authority of New York and New Jersey -- Industrial Development Projects	Ex	Ex	Tax	Tax	Tax	Tax	Yes	4.04	223.01
McKinney's unconsolidated laws
Section 7210 Port Authority of New York and New Jersey -- Urban Bus Transportation Facilities	Ex	Ex	NA	NA	Tax	Tax	Yes	4.04	223.01
Section 7400 New York City Health and Hospitals Corporation	Ex	Ex	NA	NA	Tax	Tax	Yes	4.03	161.01
Section 7421 New York State Medical Care Facilities Finance Agency	Ex	Ex	Tax	Tax	Tax	Tax	Yes	4.02	85.01
Section 9613 United Nations Development District New York City)	Ex	Ex	NA	NA	Ex	Ex	Yes	4.04	225.01
Laws of 2007
Chapter 487 Public Safety and Court Facility Alternatives for the City of Niagara Falls	Ex ALS	Ex ALS	Tax	Tax	Tax	Tax	Yes	4.05	312.01
Laws of 2014
Chapter 470 Southampton Hospitality Business Investment Property	Ex O-1 ALS LID	Ex O-1 ALS LID	Ex ALS LID	Ex ALS LID	Tax	Tax	Yes	4.06	354.01
United states code
45 USC Section 546b Amtrak Railroad	Ex	Ex	Tax	Tax	Tax	Tax	No	4.06	393.01
Vienna convention on consular relations
Article 32 Foreign Governments (Consulates)	Ex	Ex	Tax	Tax	Tax	Tax	Yes	4.04	227.01
Vienna convention on diplomatic relations
Article 23 Foreign Governments (Missions)	Ex	Ex	Tax	Tax	Tax	Tax	Yes	4.04	229.01

Updated: April 19, 2024