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NY A04466
Bill
Status
2/4/2025
Primary Sponsor
Christopher Tague
Click for details
AI Summary
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Amends Real Property Tax Law section 1112 to create different lien redemption requirements for farm property versus non-farm property
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Requires liens on farm property to be redeemed in chronological order (oldest lien first, newest lien last), opposite of the existing rule for other properties
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Maintains the existing rule for non-farm parcels requiring liens to be redeemed in reverse chronological order (newest lien first, oldest lien last)
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Requires receipts for partial farm property lien redemptions to include a warning statement that the parcel remains subject to outstanding liens and failure to pay may result in loss of property
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Takes effect immediately and applies to 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
referred to real property taxation
1/7/2026