{"data":{"id":"us-ny/n.y.-real-property-tax-law-1195","jurisdiction":"us-ny","citation":"N.Y. Real Property Tax Law § 1195","heading":"Definitions","body":"§ 1195. Definitions. In addition to the definitions set forth in\nsection eleven hundred two of this article, for purposes of this title:\n  1. \"Former homeowner\" means a person or persons who lost title to\nand/or ownership of residential property due to a tax foreclosure.\n  2. \"Public sale\" means a sale resulting from a public auction\nconducted in accordance with the provisions of section two hundred\nthirty-one of the real property actions and proceedings law.\n  3. \"Surplus\" means the net gain, if any, realized by the tax district\nupon the sale of tax-foreclosed property, as determined in the manner\nset forth in section eleven hundred ninety-six of this title. Where no\nsuch gain was realized, no surplus shall be attributable to that sale.\n  4. \"Tax-foreclosed property\" means a parcel as to which a judgment of\nforeclosure has been issued pursuant to section eleven hundred\nthirty-six of this article.","path":["Real Property Tax Law","Article 11. Procedures For Enforcement of Collection of Delinquent Taxes","Title 6. Distribution of Surplus"],"source_url":"https://legislation.nysenate.gov/api/3/laws/RPT/1195","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"3f4f4938fd0969ab70eaa048bfb78dc82a2489fadc4bfb4f5957bf4e334b2e31","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-real-property-tax-law-1194-a","next":"us-ny/n.y.-real-property-tax-law-1196"},"notice":"GroundRules: Original legal text. Not legal advice."}