N.Y. RPT Law § 561
This is the official text of N.Y. RPT Law § 561, 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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Payments in lieu of taxes; change of assessment; effective date
Official statutory text
§ 561. Payments in lieu of taxes; change of assessment; effective\ndate. Notwithstanding any other provision of law, for any payment in\nlieu of taxes agreement entered into on or after the effective date of\nthis section, when the assessment of a property making payments in lieu\nof taxes is challenged through the grievance process, any reduction in\npayments in lieu of taxes made to a school district resulting from such\nchallenge shall not take effect until the following taxable status year.\n
Status: in_force · Read it on the official government site
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