New York S 69: Relates to interest rates imposed on late payment of property taxes and delinquencies

Bill Text

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S00069 Summary:

BILL NOS00069 

&nbsp

SAME ASSAME AS A10475

&nbsp

SPONSORKAVANAGH

&nbsp

COSPNSRHARCKHAM

&nbsp

MLTSPNSR

&nbsp

Amd §§924-a, 936 & 1112, RPT L

&nbsp

Relates to authorizing counties to set interest rates imposed on late payment of property taxes and delinquencies and redemption of property subject to more than one tax lien.

Go to top S00069 Actions:

BILL NOS00069 

&nbsp

01/08/2025REFERRED TO LOCAL GOVERNMENT

01/07/2026REFERRED TO LOCAL GOVERNMENT

Go to topS00069 Committee&nbspVotes:

Go to topS00069 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS00069 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 69

 2025-2026 Regular Sessions

 IN SENATE

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by Sens. KAVANAGH, HARCKHAM -- read twice and ordered print-
 ed, and when printed to be committed to the Committee on Local Govern-
 ment

 AN ACT to amend the real property tax law, in relation to certain inter-
 est rates imposed on late payment of taxes and delinquencies and
 redemption of certain property subject to more than one tax lien

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Subdivision 1 of section 924-a of the real property tax
 2 law, as amended by chapter 26 of the laws of 2003, is amended to read as
 3 follows:
 4 1. The amount of interest to be added on all taxes received after the
 5 interest free period and all delinquent taxes shall be one-twelfth the
 6 rate of interest as determined pursuant to subdivision two or two-a of
 7 this section rounded to the nearest one-hundredth of a percentage point,
 8 except as otherwise provided by a general or special law, or a local law
 9 adopted by a city pursuant to the municipal home rule law or any special
 10 law or by a local law adopted by a county. Such interest shall be added
 11 for each month or fraction thereof until such taxes are paid.
 12 § 2. Section 936 of the real property tax law, as amended by chapter
 13 237 of the laws of 1995, subdivision 1 as amended by chapter 355 of the
 14 laws of 1997, is amended to read as follows:
 15 § 936. Return of unpaid delinquent taxes. 1. Upon the expiration of
 16 [his] the collecting officer's warrant, each collecting officer shall
 17 make and deliver to the county treasurer an account, subscribed and
 18 affirmed by [him] such collecting officer as true under the penalties of
 19 perjury, of all taxes listed on the tax roll which remain unpaid, except
 20 that such collecting officer shall not include in such account the
 21 amount of the installments of taxes returned unpaid pursuant to [section
 22 nine hundred twenty-eight-b or] subdivision one of section nine hundred

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD00086-01-5

 S. 69 2

 1 seventy-six of this chapter. The county treasurer shall, if satisfied
 2 that such account is correct, credit [him] such collecting officer with
 3 the amount of such unpaid delinquent taxes. Such return shall be
 4 endorsed upon or attached to the tax roll.
 5 2. In making the return of unpaid taxes, the collecting officer shall
 6 add five per centum to the amount of each tax as levied. In the event
 7 that the collecting officer fails to do so, the county treasurer shall
 8 make such addition. In a county in which there is a local law in effect
 9 pursuant to [section nine hundred twenty-eight-b or] section nine
 10 hundred seventy-two of this chapter providing for the collection of
 11 taxes in installments, the five per centum provided by this subdivision
 12 shall not be added to the taxes which a real property owner has elected
 13 to pay in installments pursuant to [section nine hundred twenty-eight-b
 14 or] section nine hundred seventy-five of this chapter. Such five per
 15 centum shall be added by the county treasurer to the amount of such
 16 taxes as shall have remained unpaid after the date upon which the last
 17 installment was due as provided in such local law. Such five per centum
 18 shall not be added where the taxable real property upon which such
 19 unpaid tax was levied is an owner occupied residential property as
 20 defined