N.Y. Real Property Tax Law § 533: Certain conservation easements created pursuant to title three of article forty-nine of the environmental conservation law hereafter acqu...

§ 533. Certain conservation easements created pursuant to title three

of article forty-nine of the environmental conservation law hereafter

acquired by the state within the Adirondack or Catskill parks, as those

areas are defined in such law and lands within the watershed of Hemlock

and Canadice lakes in the towns of Livonia, Conesus, West Sparta and

Springwater in Livingston county, the towns of Canadice and Richmond in

Ontario county and the town of Wayland in Steuben county, and lands

within the Tug Hill region, as defined in article thirty-seven of the

executive law, shall be subject to taxation for all purposes. Any

conservation easement created pursuant to title three of article

forty-nine of the environmental conservation law hereafter acquired by

the state within the Adirondack or Catskill parks, as those areas are

defined in such law or acquired by the state on lands within the

watershed of Hemlock and Canadice lakes in the towns of Livonia,

Conesus, West Sparta and Springwater in Livingston county, the towns of

Canadice and Richmond in Ontario county and the town of Wayland in

Steuben county, or acquired by the state on lands within the Tug Hill

region as defined in article thirty-seven of the executive law, shall be

subject to taxation for all purposes. Any common law easement acquired

on or before January first, nineteen hundred ninety by the state for

conservation purposes within the Adirondack or Catskill parks, as those

areas are defined in the environmental conservation law, shall be

subject to taxation for all purposes. The value of such interests shall

be equivalent to the change, if any, in the value of the lands subject

to the easement. The procedures set forth in sections five hundred

forty, five hundred forty-two, five hundred forty-three and five hundred

forty-four of this title shall govern the assessment and payment of

taxes thereon. If the acquisition by or conveyance to the state of any

such easement is determined to be void by any court of competent

jurisdiction, tax payments on such easement paid by the state prior to

the date of such determination shall be retained by the recipient and

shall be deemed to have been a grant-in-aid by the state.