NY A07807

Authorizes the Richmond County assessor to accept a retroactive real property tax exemption application from Silver Lake Foundation Inc. for the 2022-2023 assessment roll and 2023 general taxes.

Applies to the property located at 203 Port Richmond Avenue, Borough of Staten Island (tax map section 5, block 1024, lot 3).

Allows the application to be reviewed as if submitted by the taxable status date, despite being filed late, if the organization otherwise qualifies for exemption under section 420-a of the real property tax law.

Requires New York City Council approval before the assessor may grant the exemption and make corrections to the tax rolls.

Permits the applicable governing body or tax department to refund any taxes paid and cancel unpaid taxes, fines, penalties, liens, or interest at its sole discretion if exemption is granted.