Senate Bill S69

2025-2026 Legislative Session

Relates to interest rates imposed on late payment of property taxes and delinquencies

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Local Government Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2025-S69 (ACTIVE) - Details

Current Committee:
Senate Local Government
Law Section:
Real Property Tax Law
Laws Affected:
Amd §§924-a, 936 & 1112, RPT L
Versions Introduced in Other Legislative Sessions:
2019-2020: S4676
2021-2022: S2845
2023-2024: S606

2025-S69 (ACTIVE) - Summary

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.

2025-S69 (ACTIVE) - Sponsor Memo

2025-S69 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    69
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                                (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:
 
   Section 1. Subdivision 1 of section 924-a of  the  real  property  tax
 law, as amended by chapter 26 of the laws of 2003, is amended to read as
 follows:
   1.  The amount of interest to be added on all taxes received after the
 interest free period and all delinquent taxes shall be  one-twelfth  the
 rate  of  interest as determined pursuant to subdivision two or two-a of
 this section rounded to the nearest one-hundredth of a percentage point,
 except as otherwise provided by a general or special law, or a local law
 adopted by a city pursuant to the municipal home rule law or any special
 law OR BY A LOCAL LAW ADOPTED BY A COUNTY.  Such interest shall be added
 for each month or fraction thereof until such taxes are paid.
   § 2. Section 936 of the real property tax law, as amended  by  chapter
 237  of the laws of 1995, subdivision 1 as amended by chapter 355 of the
 laws of 1997, is amended to read as follows:
   § 936. Return of unpaid delinquent taxes.  1. Upon the  expiration  of
 [his]  THE  COLLECTING  OFFICER'S warrant, each collecting officer shall
 make and deliver to the county  treasurer  an  account,  subscribed  and
 affirmed by [him] SUCH COLLECTING OFFICER as true under the penalties of
 perjury, of all taxes listed on the tax roll which remain unpaid, except
 that  such  collecting  officer  shall  not  include in such account the
 amount of the installments of taxes returned unpaid pursuant to [section
 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.
              

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