Allows municipalities to relieve victims of property tax fraud from penalties arising from lack of payment of property taxes.

New York A10641 amends the real property tax law to allow the governing body of any tax district to cancel, in whole or in part, any interest and penalties imposed upon a parcel of real property if the owner was a victim of property tax fraud. The cancellation can be made on a general or case-by-case basis. If any portion of the cancelled interest and penalties would be payable to a municipal corporation, the cancellation requires the consent of that corporation. The commissioner may create rules and regulations to implement the provisions of this section.

Allows municipalities to relieve victims of property tax fraud from penalties arising from lack of payment of property taxes.

New York A10641 amends the real property tax law to allow the governing body of any tax district to cancel, in whole or in part, any interest and penalties imposed upon a parcel of real property if the owner was a victim of property tax fraud. The cancellation can be made on a general or case-by-case basis. If any portion of the cancelled interest and penalties would be payable to a municipal corporation, the cancellation requires the consent of that corporation. The commissioner may create rules and regulations to implement the provisions of this section.