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The Laws of New York
Consolidated Laws of New York
CHAPTER 50-A
Real Property Tax
ARTICLE 4
Exemptions
TITLE 2
Private Property
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SECTION 455
Exemption option
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TITLE 2
Private Property
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SECTION 457
Exemption for first-time homebuyers of newly constructed homes
This entry was published on 2014-09-22
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SECTION 456
Municipal railroads
Real Property Tax (RPT) CHAPTER 50-A, ARTICLE 4, TITLE 2
§ 456. Municipal railroads. Real property held and used for railroad
purposes by any corporation, all of the capital stock of which is owned
by a municipal corporation of this state, shall be exempt from taxation
and exempt from special ad valorem levies and special assessments to the
extent provided in section four hundred ninety of this chapter.