N.Y. Real Property Tax Law Section 1166
Real property acquired by tax district

  • right of sale

1.

Whenever any tax district shall become vested with the title to real property, and whenever an enforcing officer shall have been authorized to sell and convey real property directly to another party, by virtue of a foreclosure proceeding brought pursuant to the provisions of this article, such tax district or enforcing officer is hereby authorized to sell and convey such real property, which shall include any and all gas, oil or mineral rights associated with such real property, either with or without advertising for bids, notwithstanding the provisions of any general, special or local law.

2.

No such sale shall be effective unless and until such sale shall have been approved and confirmed by a majority vote of the governing body of the tax district, except that no such approval shall be required when the property is sold at public auction to the highest bidder.

3.

The provisions of title six of this article shall govern the distribution of any surplus attributable to such sales.

Source: Section 1166 — Real property acquired by tax district; right of sale, https://www.­nysenate.­gov/legislation/laws/RPT/1166 (updated Apr. 26, 2024; accessed Dec. 21, 2024).

Green check means up to date. Up to date

Accessed:
Dec. 21, 2024

Last modified:
Apr. 26, 2024

§ 1166’s source at nysenate​.gov

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