N.Y. Real Property Tax Law Section 1340
Owner of real property may elect to pay school district taxes in installments


1.

Upon receipt of the statement of taxes, any owner of real property may elect to pay the total amount of the taxes set forth in such statement without regard to this section; or he may elect to pay such taxes in installments as provided in the local law enacted pursuant to § 972 (County may become collection agency)section nine hundred seventy-two of this chapter.

2.

If the owner is eligible to participate in the installment program, and elects to do so, he or she shall pay to the collecting officer the amount set forth in such statement and designated as “first installment”. The amount of each succeeding installment shall be paid to the county treasurer on or before the date specified in such local law.

3.

If any such installment is not paid on or before the date when due, interest shall be added to the amount of any such installment at the rate as determined pursuant to § 924-A (Interest rate on late payment of taxes and delinquencies)section nine hundred twenty-four-a of this chapter, or such other law as may be locally applicable, for each one month or part thereof until paid. No such installment may be paid unless all prior installments of current taxes, including interest, shall have been paid or shall be paid at the same time.

4.

The owner of real property who elects to pay taxes in installments as provided in this section shall indicate his election by remitting the amount of the first installment to the collecting officer on or before the date upon which it is due or not later than within five days thereafter; provided, however, that in the event the amount of the first installment is paid after the date upon which it was due, the interest rate set forth in subdivision three of this section shall apply.

5.

The failure or neglect by an owner of real property to pay the first installment as provided in subdivision four of this section, shall be construed as an election by such owner to pay the total amount of such taxes in one payment in the manner provided by law.

6.

Upon the expiration of the time for the payment of the first installment as provided in subdivision four of this section, the collecting officer shall make and deliver to the county treasurer a list of the names of the owners of real property who have paid the amount of the first installment to such collecting officer. The form of such list shall be prescribed and furnished by the county treasurer.

Source: Section 1340 — Owner of real property may elect to pay school district taxes in installments, https://www.­nysenate.­gov/legislation/laws/RPT/1340 (updated Sep. 22, 2014; accessed Mar. 23, 2024).

1300
Definitions
1302
Use of city, town or county assessment roll
1304
Apportionment of assessments
1306
Levy of taxes
1306–A
Effect of school tax relief (STAR) exemption upon school district taxes
1308
Property subject to levy
1312
Tax lien
1314
Equalization in school districts located in more than one city or town
1316
Alternative school tax apportionment
1318
Collecting officer’s warrant
1320
Undertaking of collecting officer
1322
Collecting officer’s notice in districts other than city school districts
1324
Collecting officer’s notice in city school districts
1325
Collecting officer in school district
1326
Payment of taxes in installments in city school districts
1326–A
Payment of taxes in installments in certain school districts
1326–B
Payment of taxes in installments in certain school districts affected by floods or natural disasters
1327
Payment of taxes in installments in city school districts by senior citizens and physically disabled persons
1328
Collecting officer’s fees
1330
Enforcement of taxes in districts other than city school districts
1332
Enforcement of taxes in city school districts
1334
Right of action to recover tax
1335
Supplemental assessment roll of real property in a school district other than a school district which is wholly or partly within a city
1336
Collection of taxes in installments in school districts other than city school districts
1338
Statement of taxes to be mailed
1340
Owner of real property may elect to pay school district taxes in installments
1342
Payment by county treasurer

Accessed:
Mar. 23, 2024

Last modified:
Sep. 22, 2014

§ 1340’s source at nysenate​.gov

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