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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 (Urban Renewal): New York State Urban Development Corporation (Urban renewal or civic project)

Exemption code(s)

18180

Year originally enacted:

1968

Related statutes:

Related statutes
Parks, Recreation, and Historic Preservation Law 
Title G

Summary:

Urban renewal or civic 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.

Eligibility requirements

Ownership requirements:

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

Urban renewal projects:

Must include plans that provide maximum opportunity for participation by private enterprise.

Civic projects:

Must be leased to or owned by the state or an agency or instrumentality thereof, a municipality or an agency or instrumentality thereof, a public corporation, or any other entity which is carrying out a community, municipal, public service, or other civic purpose. Furthermore, adequate provision for the payment of the cost of acquisition, construction, operation, and maintenance of the project must have been made or planned for by the prospective owner or lessee.

Property location requirements:

Urban renewal project:

Must be located in an area that is substandard or insanitary, or in danger of becoming such an area, and in which there exists substantial or persistent unemployment or underemployment.

Civic project:

Must be located in an area that displays a need for an educational, cultural, recreational, community, public service, or other civic facility.

Property use requirements:

Urban renewal project:

Must consist of a plan or undertaking for the clearance, replanning, reconstruction, and rehabilitation of the area involved and for recreational and other facilities incidental or appurtenant thereto. Eligible projects include but are not limited to projects that support a state-designated cultural park management plan in accordance with Title G of the Parks, Recreation, and Historic Preservation Law.

Civic project:

Must include buildings that are suitable for an educational, cultural, recreational, community, public service, or other civic facility.

Certification by state or local government:

None 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
18180

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. For coding of such property, see the Exemption profile for the statute that applies.

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: Chart IIA and Chart IIB.


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