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The Laws of New York
Consolidated Laws of New York
CHAPTER 50-A
Real Property Tax
ARTICLE 5
Assessment Procedure
TITLE 4
Miscellaneous Provisions
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SECTION 561-A
Payments in lieu of taxes; change of assessment; notice
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TITLE 4
Miscellaneous Provisions
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SECTION 563
Real property used to store spent nuclear fuel
This entry was published on 2014-09-22
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SECTION 562
Certain property used or occupied by a railroad
Real Property Tax (RPT) CHAPTER 50-A, ARTICLE 5, TITLE 4
§ 562. Certain property used or occupied by a railroad.
Notwithstanding the provisions of this chapter or any other law, real
property used or occupied by a railroad for purposes of railroad
operation, title to which is in the state of New York or in any
municipal corporation thereof under any of the grade crossing
elimination acts, shall be deemed property of the railroad for purposes
of taxation and shall be assessed and taxed in the same manner and to
the same extent as if such railroad were the owner thereof.