New York Laws
Title 2 - Assessment and Taxation of Certain State Lands
545 - State Aid; State-Owned Lands.

(a) for property acquired by a state public authority or by the state
for the purposes of a state public authority, such transition
assessments shall be reduced to take into account any payments in lieu
of taxes made pursuant to law by such state public authority to the tax
district, so that the total of state aid paid on each transition
assessment and the payment in lieu of taxes received by the tax district
would be in effect equal to the state aid payable on such transition
assessment computed without regard to this subdivision; and
(b) for state lands in which interests have been granted by the state
to others which interests and improvements made to lands in which those
interests have been granted are taxable pursuant to subdivision two of
section five hundred sixty-four of this article, such transition
assessments shall be reduced by the taxable assessed value of those
interests and improvements.
(c) The assessor in each assessing unit for which transition
assessments are made pursuant to this section shall annually report to
the commissioner the total taxable assessed value of interests and
improvements subject to taxation pursuant to subdivision two of section
five hundred sixty-four of this article. This report shall be filed not
later than ten days after the completion and filing of the final
assessment roll each year.
7. Definitions. As used in this section: a. "Agency of the state", in
the case of public authorities, includes state public authorities but
excludes all other public authorities.
b. "Assessment roll", in the case of a city or town, means the entire
city or town assessment roll; in the case of a village, means the entire
village assessment roll, except in the case of a village which has
enacted a local law as provided in subdivision three of section fourteen
hundred two of this chapter, may also mean that part of the assessment
roll of the town or county upon which village taxes were or are to be
levied; in the case of a county, means the entire city or town
assessment roll affected by the occurrence or occurrences described in
subdivision one of this section; in the case of a school district or
special district, means that portion of the city or town assessment roll
used for the levy of school or special district taxes which is affected
by the occurrence.
c. "First year" means a year following a year for which no transition
assessment was established.
d. "Lands" or "state lands" as used in this section, shall include
lands acquired by the state or an agency of the state for highway or
parkway purposes.
e. "Latest preceding assessment roll" means the last preceding
assessment roll finally completed, verified and filed prior to the final
completion of the assessment roll for which the transition assessment is
being established, but shall not mean or include a supplemental
assessment roll completed, verified and filed as provided in section
thirteen hundred thirty-five of this chapter.
f. "Reduction in assessments on state lands" means a loss in taxable
assessed valuation on an assessment roll as a result of the approval by
the commissioner of assessed valuations on state lands which in total
amount to less than the total taxable assessed valuations on such lands
in the preceding year, whether or not such lands were owned by the state
in the preceding year.
g. "State public authority" means a public benefit corporation as
defined in section sixty-six of the general construction law whose
membership is required by law to consist entirely of members who are
appointed by the governor or other state officer or who serve as members
as ex officio state officers.
h. "Tax district" means a county, city, town, village, school district
or special district.