N.Y. Real Property Tax Law § 479: Fallout shelter facilities

§ 479. Fallout shelter facilities. 1. Any real property constructed,

altered or improved as or to include a fallout shelter facility

complying with the provisions of the New York state defense emergency

act and the plan, regulations and orders of the state civil defense

commission promulgated thereunder shall be exempt from taxation and from

special ad valorem levies and special assessments to the extent that the

increase in the value of the real property is attributable to the

fallout shelter facility, within the limits provided by subdivision two

hereof.

2. No exemption from taxation, special ad valorem levy or special

assessments shall be allowed in an amount greater than one hundred

dollars multiplied by the number of occupants which such fallout shelter

facility is designed to accommodate in accordance with such plan,

regulations and orders of the state civil defense commission.