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Assessor's Manual, Volume 4, Exemption Administration
Exemption Administration Manual - Part 1

Section 4.02 - RPTL Section 412 & Pub Auth L

Public Authorities

Exemption Code(s):

Public authorities exempt from real property taxes under RPTL §412 and the Public Authorities Law are of two types: state and local. State public authorities are those which have a governing board whose membership is required by law to consist entirely of members who are appointed by the Governor or another state officer or who serve as members of the board as ex officio state officers [Public Lands Law §19-a(9)]. Authorities having a different type of governing board are considered to be local authorities.

Different exemption codes are used to distinguish between state and local public authorities. In addition, several codes are needed to show the variations in authorities' liability for special district charges. For the exemption code to use for each authority, see Coding of Exemption on Assessment Roll below.

Year Originally Enacted:     RPTL §412: 1958
Individual public authorities: See Table 1 - Year
Originally Enacted, Related Statutes, and Duration
of Authority
Related Statutes:     RPTL §545
See also Table 1
SUMMARY: There are currently 98 public authorities that are allowed a specific property tax exemption by the Public Authorities Law sections that created them. Another 21 lack the power to hold title to real property, but may acquire property in the name of the state or a county, city, town, or village; these authorities are the following:

Quoted from bumblethru

Heard on the radio that mcmayor sold his first 'foreclosed' property.
Didn't say how much it sold for tho....

Quoted from Box A Rox

No matter what the price, the property is now on the tax rolls and will start paying taxes.

Quoted from Box A Rox

No matter what the price, the property is now on the tax rolls and might start paying taxes.

Quoted from JackBauer

Fixed that for you.