Loading chat...
NY A06108
Bill
Status
2/26/2025
Primary Sponsor
Pamela Hunter
Click for details
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