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A. 2490: Abandoned Property-Shorten Redemption Period for In Rem Tax Foreclosure

Bill Number: A. 2490
Position: Support
NYCOM MEMO

Description:
Amends the real property tax law to lower the tax redemption period for abandoned buildings from two years to one year for properties that have been certified as abandoned by a building department official pursuant to Real Property Actions and Proceedings Law § 1971.

Status: Click here for bill summary and text.