Niskayuna Partners with Land Bank, County to Address Zombie Properties
Industry Update
November 25, 2022
Source: dailygazette.com
Niskayuna is partnering with the Capital Region Land Bank and Schenectady County on a pilot program designed to swiftly address zombie properties in the town.
During the Niskayuna Town Board meeting on Nov. 17, the board unanimously approved a memorandum of understanding with the county and land bank that will see the parties collaborate to rectify vacant and abandoned properties in the town.
The state amended the Real Property Tax Law in 2020 to allow zombie properties to be foreclosed on after one year of tax delinquency instead of four years. The change was implemented this year.
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