New York Laws
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
489-JJJJ - Tax Lien; Interest Rate.

§ 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.

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