Archives For: NY S1864

New York Bill Focuses on Abandoned Property Redemption

NY S.1864 passed the New York Senate on February 26, 2019. The bill intends to lower the tax redemption period for certified vacant and abandoned buildings from two to one year. Also included is an amendment (Real Property Tax Law) for municipalities to expedite foreclosure proceedings on such properties based upon certain qualifying factors.

1 Mar 2019