New York S10634 allows Yonkers to impose a surcharge on vacant and abandoned property, up to three times the standard tax rate.

New York S10634 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 Yonkers Department of Finance will determine which properties are vacant and abandoned, providing notice to owners and allowing them to contest the designation. The surcharge applies to properties that are not undergoing construction, not occupied seasonally, not involved in probate actions, not condemned by a governmental authority, and not occupied by the owner or a tenant.

New York S10634 allows Yonkers to impose a surcharge on vacant and abandoned property, up to three times the standard tax rate.

New York S10634 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 Yonkers Department of Finance will determine which properties are vacant and abandoned, providing notice to owners and allowing them to contest the designation. The surcharge applies to properties that are not undergoing construction, not occupied seasonally, not involved in probate actions, not condemned by a governmental authority, and not occupied by the owner or a tenant.