Assessor Manuals, Exemption Administration: McK U Con L Section 4413
Exemption Administration Manual—Part 1: New York State Government
Section 4.02 - McK U Con L Section 4413: Facilities Development Corporation
Exemption code(s):
17650
Year originally enacted:
1968
Related statutes:
None.
Summary:
Real property which is owned by the Facilities Development Corporation or under its control, possession, or supervision and which is used for the construction or improvement of certain state facilities (see Property Use Requirements below) is wholly exempt from taxation, but liable for special ad valorem levies and special assessments.
Eligibility requirements
Ownership requirements:
Property must be owned by the Facilities Development Corporation or under its control, possession, or supervision.
Property location requirements:
None.
Property use requirements:
Land and improvements must be used for the construction, improvement, or modernization of (1) health care facilities, (2) mental hygiene facilities, (3) alcoholism or alcohol/substance abuse facilities, (4) community mental health and retardation facilities, or (5) facilities for the New York State Department of Correctional Services.
Certification by state or local government:
None required.
Required construction start date or other time requirement:
None.
Local option
No
Limitation on exemption
| General municipal taxes | School district taxes | Special ad valorem tax | Special assessments | |
|---|---|---|---|---|
| 1. Amount | No limit | No limit | No exemption allowed | No exemption allowed |
| 2. Duration | No limit | No limit | No exemption allowed | No exemption allowed |
| 3. Taxing Jurisdiction | ||||
| a. County or County Special Districts | Ex | NA | Tax | Tax |
| b. City | Ex | NA | NA | Tax |
| c. Town or Town Special District | Ex | NA | Tax | Tax |
| d. Village | Ex | NA | NA | Tax |
| e. School District | NA | Ex | NA | NA |
| Ex-Exempt Tax-Taxable NA-Not Applicable | ||||
Payments in lieu of taxes
None required.
Calculation of exemption
General municipal and school district taxes:
100% of assessed value.
Special ad valorem levies and special assessments:
No exemption allowed.
Coding of exemption on assessment roll
| Code | Description of alternative codes possible |
|---|---|
| 17650 |
Assessment roll section(s):
Exempt (ARLM §8).
Note: This code should not be used to identify (1) property owned by New York State and exempt under RPTL §404(1), (2) property owned by a municipality and exempt under any of the subsections of RPTL §406, or (3) property exempt under any of the statutes listed under Similar Exemptions below. For coding of such property, see the Exemption Profile for the statute that applies.
Filing requirements (owner or occupant of property):
None.
Reporting requirements (assessor):
None.
Similar exemptions
| Subject | Statute |
|---|---|
| Health and Hospitals Corporation, NYC | McK U Con L §7400 |
| Housing Finance Agency, NYS | PHFL §53 |
| Medical Care Facilities Finance Agency, NYS | McK U Con L §7421 |
| Public authorities | RPTL §412 & Pub Auth L |
| State of New York (generally) | RPTL §404(1) |
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