Legislation
SECTION 561
Payments in lieu of taxes; change of assessment; effective date
Real Property Tax (RPT) CHAPTER 50-A, ARTICLE 5, TITLE 4
§ 561. Payments in lieu of taxes; change of assessment; effective
date. Notwithstanding any other provision of law, for any payment in
lieu of taxes agreement entered into on or after the effective date of
this section, when the assessment of a property making payments in lieu
of taxes is challenged through the grievance process, any reduction in
payments in lieu of taxes made to a school district resulting from such
challenge shall not take effect until the following taxable status year.
date. Notwithstanding any other provision of law, for any payment in
lieu of taxes agreement entered into on or after the effective date of
this section, when the assessment of a property making payments in lieu
of taxes is challenged through the grievance process, any reduction in
payments in lieu of taxes made to a school district resulting from such
challenge shall not take effect until the following taxable status year.