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NYC Administrative Code

§ 11-245.45 — Exemption for veterans.

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What is NYC AC § 11-245.45?

Quick Answer

This section authorizes an exemption from real property taxation for cooperative apartment corporations owned by veterans, in accordance with the real property tax law. The exemption has been effective since July 1, 1998. Applies to cooperative apartment corporations owned by veterans.

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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§ 11-245.45 Exemption for veterans.

AC § 11-245.45

Pursuant to paragraph (d) of subdivision eight of section four hundred fifty-eight of the real property tax law, the city hereby authorizes real property owned by a cooperative apartment corporation to be exempt from taxation in accordance with such section and any local laws adopted pursuant to such section beginning July first, nineteen hundred ninety-eight.

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