N.Y. Real Property Tax Law § 404
State of New York
New York · New York Real Property Tax Law · Status: effective · Effective 2014-09-22
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- Citation
- N.Y. Real Property Tax Law § 404, State of New York, New York, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/1127724
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Full text
§ 404. State of New York. 1. Real property owned by the state of
New York or any department or agency thereof, including but not limited
to real property described in subdivisions two and three of this
section, whether heretofore or hereafter acquired or constructed, is and
shall be deemed to have been and to be exempt from taxation and exempt
from special ad valorem levies and special assessments to the extent
provided in section four hundred ninety of this chapter, except as
otherwise provided in title two of article five of this chapter.
2. Real property owned by the New York state employees' retirement
system acquired or constructed pursuant to subdivision h of section
thirteen of the retirement and social security law shall be exempt from
taxation.
3. Real property owned by the New York state teachers' retirement
system acquired or constructed pursuant to subdivision eight of section
five hundred eight of the education law shall be exempt from taxation.