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Assessor Manuals, Exemption Administration

Exemption Administration Manual—Part 2: Multiple dwellings and urban renewal

Section 4.07 - McK U Con L Section 6272 (Housing): New York State Urban Development Corporation (Housing Project)

Exemption code(s)

18130

Year originally enacted:

1968

Related statutes:

None.

Summary:

Housing projects owned or under the control of the NYS Urban Development Corporation (UDC) that are located and used as required (see Property Location and Property Use Requirements below) are wholly exempt from taxation and special ad valorem levies, but are liable for special assessments.

This exemption also applies to UDC subsidiaries, except those eligible for exemption under the following statutes: RPTL §422 (not-for-profit housing companies), PHFL §33(1)(c) (limited- profit (Mitchell-Lama) housing companies), PHFL §93(6) (limited-dividend housing companies), and PHFL §577(3) (housing development fund companies). For a description of the exemption allowed for each of these subsidiaries, see the Exemption Profile for the statute that applies.

Eligibility requirements

Ownership requirements:

Property must be owned by the UDC or one of its subsidiaries or under its control, possession, or supervision.

Property location requirements:

Project must be located:

  1. In an area that exhibits a need for safe and sanitary housing accommodations for persons and families of low income which private industry cannot provide or
  2. in an area reasonably accessible to such areas.

Property use requirements:

Property must be used to provide safe and sanitary housing accommodations, and incidental facilities, for persons and families of low income which private industry cannot provide.

Certification by state or local government:

Non required.

Required construction start date or other time requirement:

None.

Local option

No.

Limitation on exemption

Limitation on exemption by amount, duration, and taxing jurisdiction
General municipal taxes School district taxes Special ad valorem tax Special assessments
1. Amount No limit No limit No limit No exemption allowed
2. Duration No limit No limit No limit No exemption allowed
3. Taxing jurisdiction
a. County or county special districts Ex NA Ex Tax
b. City Ex NA NA Tax
c. Town or town special district Ex NA Ex Tax
d. Village Ex NA NA Tax
e. School district NA Ex NA NA
Ex-Exempt     Tax-Taxable     NA-Not Applicable

Payments in lieu of taxes

None required.

Calculation of exemption

General municipal and school district taxes:

100% of assessed value.

Special ad valorem levies and special assessments:

No exemption allowed.

Coding of exemption on assessment roll

Coding of exemption on assessment roll
Code Description of alternative codes possible
18130

Assessment roll section(s):

Exempt (ARLM Section 8).

Note: This code should not be used to identify property that is exempt under any of the statutes listed under Similar exemptions below.

Filing requirements (owner or occupant of property)

None.

Reporting requirements (assessor)

None.

Similar exemptions

Similar exemptions
Subject Statute
Public authorities RPTL §412 & Pub Auth L
State of New York (generally) RPTL §404(1)
Also see: See Chart IIA and Chart IIB.

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