N.Y. Village Law § 14-1430
Tax for unpaid assessments
New York · New York Village Law · Status: effective · Effective 2014-09-22
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- N.Y. Village Law § 14-1430, Tax for unpaid assessments, New York, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/1136899
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Full text
§ 14-1430 Tax for unpaid assessments. The board of trustees shall
include in the annual tax levy the principal or interest accruing during
the same fiscal year upon bonds, notes or certificates of indebtedness
issued on account of default in the payment of local assessments under
this article, and shall levy the same upon the lots or parcels in
default.
Such principal shall be apportioned among the lots or parcels in
default so that the tax thereon will be the same as if an equal portion
of the assessment were then to be paid. Interest on an unpaid assessment
shall be added to such tax at the rate payable by the bond, note or
certificate of indebtedness, which must be computed to the time when the
principal or an instalment will become due; or if no principal will
become due during the fiscal year, then the interest accruing during
that year upon the assessment must be levied upon such lot or parcel.