ยง 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.
Structure New York Laws
489-BBBB - Power to Enact Local Law; Real Property Tax Exemption; Deferral of Tax Payments.
489-CCCC - Temporary Commercial Incentive Area Boundary Commission; Classes of Area; Excluded Areas.
489-DDDD - Eligibility for Benefits.
489-EEEE - Application for Certificate of Eligibility.
489-FFFF - Reporting Requirement; Termination of Benefits.
489-GGGG - Conversion of Property.
489-HHHH - Administration of the Benefit Program.
489-IIII - Code Violations; Suspension or Termination of Benefits.
489-JJJJ - Tax Lien; Interest Rate.
489-KKKK - Penalties for Non-Compliance, False Statements and Omissions.
489-LLLL - Participation of Minority and Women-Owned Business Enterprises.