N.Y. RPT Law § 408
This is the official text of N.Y. RPT Law § 408, part of New York’s RPT Law — part of the compiled statutory law of New York, published by the state as "RPT Law." Browse the sections below, each linked to its official government source.
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School districts and boards of cooperative educational services
Official statutory text
§ 408. School districts and boards of cooperative educational\nservices. Notwithstanding any limitation contained in section four\nhundred six of this chapter, all real property owned by a school\ndistrict or board of cooperative educational services and all\nimprovements thereon leased by such a district or board provided that\nsuch leased improvements are used for educational purposes and provided,\nfurther, that such lease provides that such district or board is liable\nfor all taxation, special ad valorem levies and special assessments\nlevied upon such improvements shall be exempt from taxation and exempt\nfrom special ad valorem levies and special assessments to the extent\nprovided in section four hundred ninety of this chapter.\n
Status: in_force · Read it on the official government site
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