Assessor Manuals, Exemption Administration: Ed L Section 657
Exemption Administration Manual—Part 1: New York State Government
Section 4.02 - Ed L Section 657: New York State Higher Education Services Corporation
Exemption code(s):
12430
Year originally enacted:
1957
Related statutes:
None.
Summary:
Real property owned by the New York State Higher Education Services Corporation is wholly exempt from taxation, special ad valorem levies, and special assessments.
Eligibility requirements
Ownership requirements:
Property must be owned by the New York State Higher Education Services Corporation.
Property location requirements:
None.
Property use requirements:
None.
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 limit | No limit |
| 2. Duration | No limit | No limit | No limit | No limit |
| 3. Taxing Jurisdiction | ||||
| a. County or County Special Districts | Ex | NA | Ex | Ex |
| b. City | Ex | NA | NA | Ex |
| c. Town or Town Special District | Ex | NA | Ex | Ex |
| d. Village | Ex | NA | NA | Ex |
| 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:
100% of assessed value or other basis of assessment.
Coding of exemption on assessment roll
| Code | Description of alternative codes possible |
|---|---|
| 12430 |
Assessment roll section(s)
Exempt (ARLM Section 8).
Note: This code should not be used to identify property that is 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 |
|---|---|
| Public authorities | RPTL §412 & Pub Auth L |
| State of New York (generally) | RPTL §404(1) |
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