NY A00415

Requires real property tax statements to clearly disclose installment payment due dates without interest or penalties, regardless of whether the owner has elected installment payments

Amends language to clarify that installment payment information must appear on all tax statements, rather than only after an owner has elected the installment option

Changes the effective date of the 2024 law (S. 3604-A/A. 7813-A) regarding installment tax payments from "immediately" to 120 days after becoming law

Makes technical corrections to statutory references, changing "chapter" to "title" or "article" as appropriate throughout the real property tax law

Takes effect immediately and is deemed effective retroactively to September 27, 2024