{"data":{"id":"us-ny/n.y.-real-property-tax-law-456","jurisdiction":"us-ny","citation":"N.Y. Real Property Tax Law § 456","heading":"Municipal railroads","body":"§ 456.  Municipal railroads. Real property held and used for railroad\npurposes by any corporation, all of the capital stock of which is owned\nby a municipal corporation of this state, shall be exempt from taxation\nand exempt from special ad valorem levies and special assessments to the\nextent provided in section four hundred ninety of this chapter.","path":["Real Property Tax Law","Article 4. Exemptions","Title 2. Private Property"],"source_url":"https://legislation.nysenate.gov/api/3/laws/RPT/456","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"43857b74e378016684259e5b2ddc3435f31f603b8682d8b88302376c330c281f","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-real-property-tax-law-455","next":"us-ny/n.y.-real-property-tax-law-457"},"notice":"GroundRules: Original legal text. Not legal advice."}