Assessor Manuals, Exemption Administration
Exemption Administration Manual—Part 2: Industrial, Commercial, and Public Service
Section 4.06 - RPTL Section 476-a: Railroad Passenger Stations in New York City
Year originally enacted:
Railroad passenger stations, including passenger terminal facilities, (1) which are located in New York City, (2) at which not less than 75% of the passenger trains operated by the railroad(s) using the station originate and terminate at that station, and (3) at which no portion of the property is used regularly for freight service are wholly exempt from taxation, but are liable for special assessments. The exemption also applies to the rail roadway approaches to such stations (including land, tracks, signals, bridges, tunnels, and other roadway structures and facilities) that are situated within five miles of the mid-point of such stations as located on March 1, 1965, provided that these approaches are not used regularly for freight service. The exemption may not be granted to any railroad company whose earnings ratio, as determined by the NYS Board of Real Property Services, exceeds 2.5% (see the Exemption Profile for RPTL §489-d).
Property must be owned by a private interstate railroad. The owner may not have an earnings ratio greater than 2.5% (see the Exemption Profile for RPTL §489-d).
Property location requirements:
Stations must be located in New York City. Rail roadway approaches to the stations must be located within five miles of the mid-point of such stations as located on March 1, 1965.
Property use requirements:
Property must be used for passenger service; no portion of the property may be used regularly for freight service. At the station, at least 75% of the passenger trains operated by the railroad(s) using the station must originate and terminate at that station.
Certification by state or local government:
Earnings ratio of the railroad must be determined annually by the NYS Board of Real Property Services (see the Exemption Profile for RPTL §489-d).
Required construction start date or other time requirement:
The area in which rail approaches to the station are eligible for exemption is determined by the mid-point of the station as located on March 1, 1965.
Limitation on exemption
|Type of limitation||General municipal taxes||School district taxes||Special ad valorem levies||Special assessments|
|Amount||No limit||No limit||Not applicable||No exemption allowed|
|Duration||No limit||No limit||Not applicable||No exemption allowed|
|Taxing jurisdiction: city||Exempt||Not applicable||Not applicable||Taxable|
|Taxing jurisdiction: school district||Not applicable||Exempt||Not applicable||Not applicable|
Payments in lieu of taxes
Calculation of exemption
General municipal and school district taxes:
100% of assessed value.
Special ad valorem levies and special asssessments:
No exemption allowed.
Coding of exemption on assessment roll
Assessment roll section
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)
|Amtrak Railroad||45 USC 546b|
|Municipal railroads (all capital stock owned by municipal corporation)||RPTL §456|
|Railroad companies (interstate)||RPTL §489-d|
|Railroad companies (intrastate)||RPTL §489-dd|
|Railroad and related property (New York City)||Rap Tran L §103|
Exemption application form and instructions
Please send general questions or comments to ORPTS.