N.Y. Environmental Conservation Law § 15-2115: Taxation of real estate

§ 15-2115. Taxation of real estate.

Lands owned by the state and acquired pursuant to the provisions of

title 21 of this article, exclusive of the improvements erected thereon

by the regulating districts, shall be assessed and taxed in the same

manner as state lands subject to taxation pursuant to title 2 of article

5 of the Real Property Tax Law, provided, however, that the aggregate

assessed valuations of such lands in any town shall not be reduced below

the aggregate assessed valuations thereof with the improvements thereon

at the time of their acquisition by the regulating districts, and

provided further that in case of a general increase in assessments in

any town the assessed valuations of the lands and improvements at the

time of their acquisition by the regulating districts shall be deemed to

have been increased proportionately with the increase of other real

property in such tax district.