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NY A08129
Bill
Status
Introduced
6/11/2021
Primary Sponsor
Christopher Tague
Click for details
AI Summary
- Amends Real Property Tax Law Section 1112 to distinguish redemption procedures for farm property versus non-farm property when multiple tax liens exist on a parcel
- Requires liens on farm property to be redeemed in chronological order (earliest lien first), whereas non-farm property liens must be redeemed in reverse chronological order (most recent lien first)
- For farm property with partially redeemed liens, the enforcement process continues as long as the most recent lien remains unredeemed; for non-farm property, enforcement continues while the earliest lien remains unredeemed
- Requires receipts issued for partial redemption to include a warning statement that the parcel remains subject to delinquent tax liens and continued non-payment will result in loss of property
- Takes effect immediately and applies to all lien redemptions occurring on or after the effective date
Legislative Description
Requires multiple liens on farm property to be paid in chronological order, with the earliest lien being paid off first and the most recent being paid last.
Last Action
held for consideration in real property taxation
5/10/2022
Committee Referrals
Real Property Taxation6/11/2021
Full Bill Text
No bill text available