New York A11554 allows Yonkers to impose a surcharge on vacant and abandoned property, up to three times the standard tax rate.

New York A11554 amends the real property tax law to authorize the city of Yonkers to establish a surcharge on vacant and abandoned real property. This surcharge can be up to three times the standard tax rate. The surcharge applies to properties designated as vacant and abandoned by the Yonkers Department of Finance. Owners have the right to contest the designation and seek judicial review. If a property is wrongly designated as vacant and abandoned, any additional taxes, interest, or penalties are canceled, and payments are refunded or credited.

New York A11554 allows Yonkers to impose a surcharge on vacant and abandoned property, up to three times the standard tax rate.

New York A11554 amends the real property tax law to authorize the city of Yonkers to establish a surcharge on vacant and abandoned real property. This surcharge can be up to three times the standard tax rate. The surcharge applies to properties designated as vacant and abandoned by the Yonkers Department of Finance. Owners have the right to contest the designation and seek judicial review. If a property is wrongly designated as vacant and abandoned, any additional taxes, interest, or penalties are canceled, and payments are refunded or credited.