N.Y. Real Property Tax Law § 406: Municipal corporations

§ 406. Municipal corporations. 1. Real property owned by a municipal

corporation within its corporate limits held for a public use 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.

2. Real property owned by a municipal corporation not within its

corporate limits while used for the provision of fire protection

services provided that some fire protection services are available to

the municipal corporation in which the real property is located, for a

public park, public aviation field, highway or for flood control and

soil conservation purposes as provided in section two hundred

twenty-three of the county law shall be exempt from taxation by any

municipal corporation in which it is located, provided the governing

board thereof shall so agree in writing.

3. Real property owned by a municipal corporation not within its

corporate limits while used as a sewage disposal plant or system,

including necessary connections and appurtenances, or real property

owned by a municipal corporation having a population of less than one

hundred thousand or a population of two hundred twenty-five thousand or

more but less than three hundred thousand used as a water plant, pumping

station, water treatment plant, water shed or reservoir, including

necessary connections and appurtenances shall be wholly or partially

exempt from taxation and wholly or partially exempt from special ad

valorem levies and special assessments, by any municipal corporation in

which located, provided the governing board thereof shall so agree in

writing.

4. The aqueducts which are a part of the water supply system of the

city of New York shall be entitled to the exemption provided by law.

5. Real property owned by a municipal corporation acquired by tax

deed, by referee's deed in tax foreclosure, pursuant to article eleven

of this chapter or pursuant to a deed made in lieu of tax foreclosure

shall be deemed to be held by it for a public use for a period of three

years from the date of the deed and during such period shall be exempt

from taxation and special ad valorem levies, but shall be liable for

taxes for school purposes and special assessments. Any such property

from which a municipal corporation is receiving revenue on the date of

taxable status, however, shall not be so exempt.

6. County reforested lands shall be entitled to the exemption provided

in the county law.

7. Real property owned by a municipal corporation on January first,

nineteen hundred sixty-eight outside the boundaries of the municipal

corporation shall be exempt from taxation where: (a) such property is

used for public aviation purposes; and (b) is served by three or more

major passenger air carriers; and (c) payments in lieu of real property

taxes are paid in accordance herewith. The owning municipal corporation

shall make payments in lieu of real property taxes to the county, town,

school districts and villages in which it is located in an amount which

will not be less than the amount of taxes finally determined to be

payable pursuant to the law in effect on the effective date of this act

or any agreement in effect on the effective date of this act made

pursuant to law. The owning municipal corporation is hereby authorized

and empowered to make payments in lieu of real property taxes in excess

of the amounts required by this subdivision.

8. Real property owned by a municipal corporation not within its

corporate limits while used for a municipal electrical generation and

distribution system, including necessary connections and appurtenances,

shall be wholly or partially exempt from taxation and wholly or

partially exempt from special ad valorem levies and special assessments,

by any municipal corporation in which located, provided the governing

board thereof shall so agree in writing.