N.Y. Real Property Tax Law Section 1195
Definitions

In addition to the definitions set forth in § 1102 (Definitions)section eleven hundred two of this article, for purposes of this title:

1.

“Former homeowner” means a person or persons who lost title to and/or ownership of residential property due to a tax foreclosure.

2.

“Public sale” means a sale resulting from a public auction conducted in accordance with the provisions of Real Property Actions & Proceedings Law § 231 (Sale)section two hundred thirty-one of the real property actions and proceedings law.

3.

“Surplus” means the net gain, if any, realized by the tax district upon the sale of tax-foreclosed property, as determined in the manner set forth in § 1196 (Determination of existence and amount of surplus)section eleven hundred ninety-six of this title. Where no such gain was realized, no surplus shall be attributable to that sale.

4.

“Tax-foreclosed property” means a parcel as to which a judgment of foreclosure has been issued pursuant to § 1136 (Final judgment)section eleven hundred thirty-six of this article.

Source: Section 1195 — Definitions, https://www.­nysenate.­gov/legislation/laws/RPT/1195 (updated Apr. 26, 2024; accessed Dec. 6, 2025).

Green check means up to date. Up to date

Verified:
Dec. 6, 2025

Last modified:
Apr. 26, 2024

§ 1195. Definitions's source at nysenate​.gov

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