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What is NYC AC § 11-327?

Quick Answer

This section details the operation of tax lien certificates, which transfer and assign the tax lien on properties for various charges, including taxes, assessments, and related costs. Applies to building owners with properties subject to tax liens.

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

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§ 11-327 Tax lien certificates; operation.

AC § 11-327

A tax lien certificate shall operate to transfer and assign the tax lien upon the property described therein for the taxes, assessments, sewer rents, sewer surcharges, water rents, any other charges that are made a lien subject to the provisions of this chapter, the costs of any notices and advertisements given pursuant to this chapter, any other charges that are due and payable, a surcharge pursuant to section 11-332 of this chapter, and interest and penalties thereon.

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