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NY A06108

Bill

Status

Introduced

2/26/2025

Primary Sponsor

Pamela Hunter

Click for details

Origin

Assembly

2025-2026 General Assembly

AI Summary

  • Requires tax districts to post a notice on the front door of a property at least 14 days before a public auction for tax foreclosure

  • Entitles former owners of residential, farm, or commercial property to surplus proceeds from tax foreclosure sales after all outstanding taxes, interest, liens, and fees are paid

  • Directs enforcing officers to deposit surplus funds with the county treasurer or commissioner of finance, to be held in trust for at least three years

  • Mandates municipalities notify former property owners when their property sold at auction for more than owed, including instructions on how to claim the surplus

  • Applies to all counties, cities, towns, and villages across New York State

Legislative Description

Provides for the return of surplus proceeds from tax lien foreclosures to a former owner; requires 14-day posted notice prior to the public auction of a property.

Last Action

referred to real property taxation

1/7/2026

Committee Referrals

Real Property Taxation2/26/2025

Full Bill Text

No bill text available
NY A 06108 - Introduced | New York 2025 Bill | Vulcan Bills