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Assessor's Manual, Volume 4, ExemptionAdministration

Exemption Administration Manual - Part 2
Multiple Dwellings

Section 4.07 - McK U Con L Section 6272 (Urban Renewal)

New York State Urban Development Corporation
(Urban renewal or civic project)
Section 4.07 - McK U Con L Section 6272
(Urban Renewal)

Exemption Code(s): 18180 Year Originally Enacted: 1968

Related Statutes:â  â  Parks, Recreation, and Historic Preservation Law
â  Title G

SUMMARY:â  â  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.

  1. ELIGIBILITY REQUIREMENTS:
    1. Ownership Requirements: Property must be owned by the UDC or one of its subsidiaries or under its control, possession, or supervision.
    2. 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.

    3. Property Location Requirements: An 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.

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

    4. Property Use Requirements: An 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.

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

    5. Certification by State or Local Government: None required.
    6. Required Construction Start Date or Other Time Requirement: None.
  2. LOCAL OPTION: No.
  3. LIMITATION ON EXEMPTION:
    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-Exemptâ â â â â â Tax-Taxableâ â â â â â NA-Not Applicable
  4. PAYMENTS IN LIEU OF TAXES: None required.
  5. CALCULATION OF EXEMPTION:
    1. General Municipal and School District Taxes: 100% of assessed value.
    2. Special Ad Valorem Levies and Special Assessments:

      Special Ad Valorem Levies: 100% of assessed value.

      Special Assessments: No exemption allowed.

  6. 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.

  7. FILING REQUIREMENTS (Owner or Occupant of Property): None.
  8. REPORTING REQUIREMENTS (Assessor):
  9. SIMILAR EXEMPTIONS:
    Subject Statute
    Public authorities RPTL §412 & Pub Auth L
    State of New York (generally) RPTL §404(1)

    See also Chart IIA and Chart IIB.

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