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The Laws of New York
Consolidated Laws of New York
CHAPTER 50-A
Real Property Tax
ARTICLE 4
Exemptions
TITLE 2-D
Tax Exemption and Deferral of Tax Payments For Certain Industrial and Commercial Properties In a City of One Million or More Persons
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SECTION 489-IIII
Code violations; suspension or termination of benefits
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TITLE 2-D
Tax Exemption and Deferral of Tax Payments For Certain Industrial and Commercial Properties In a City of One Million or More Persons
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SECTION 489-KKKK
Penalties for non-compliance, false statements and omissions
This entry was published on 2014-09-22
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SECTION 489-JJJJ
Tax lien; interest rate
Real Property Tax (RPT) CHAPTER 50-A, ARTICLE 4, TITLE 2-D
§ 489-jjjj. Tax lien; interest rate. 1. All taxes plus interest
required to be paid retroactively pursuant to this title shall
constitute a tax lien as of the date it is determined such taxes and
interest are owed. All interest shall be calculated from the date the
taxes would have been due but for the exemption, abatement or deferral
claimed pursuant to this title at three per centum above the applicable
rate of interest imposed by such city generally for non-payment of real
property tax on such date.

2. All taxes for which payment is deferred pursuant to section four
hundred eighty-nine bbbb of this title shall constitute a tax lien as of
the date they are due and payable in accordance with the provisions of
that section.