N.Y. RPT Law § 499-G
This is the official text of N.Y. RPT Law § 499-G, 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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Tax lien; interest and penalty
Official statutory text
§ 499-g. Tax lien; interest and penalty. All taxes, with interest,\nrequired to be paid retroactively pursuant to this title shall\nconstitute a tax lien as of the date it is determined such taxes and\ninterest are owed. All interest shall be calculated from the date the\ntaxes would have been due but for the abatement granted pursuant to this\ntitle at the applicable rate or rates of interest imposed by such city\ngenerally for non-payment of real property tax with respect to the\neligible building for the period in question. When a provision of this\ntitle requires the payment of a penalty in addition to interest, the\namount of such penalty shall be equal to the amount of interest that\nwould have been payable pursuant to such provision had such interest\nbeen calculated at the rate of three percent per annum.\n
Status: in_force · Read it on the official government site
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