New York S00526 amends the real property tax law to ensure interest accrues on missed installment payments starting from the due date of the missed.
New York S00526 amends the real property tax law by adding a new provision that specifies interest will only begin to accrue on missed installment payments from the due date of such missed installment. This change applies to property owners who have elected to pay their taxes in installments. The new law takes effect immediately upon enactment.
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- Impact
- Legal Framework
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