N.Y. Real Property Tax Law Section 561
Payments in lieu of taxes

change of assessment
effective date

Notwithstanding any other provision of law, for any payment in lieu of taxes agreement entered into on or after the effective date of this section, when the assessment of a property making payments in lieu of taxes is challenged through the grievance process, any reduction in payments in lieu of taxes made to a school district resulting from such challenge shall not take effect until the following taxable status year.

Source: Section 561 — Payments in lieu of taxes; change of assessment; effective date, https://www.nysenate.gov/legislation/laws/RPT/561 (updated Jan. 3, 2020; accessed Oct. 25, 2025).

560
Abandoned subdivisions 561
Payments in lieu of taxes 561–A
Payments in lieu of taxes 562
Certain property used or occupied by a railroad 563
Real property used to store spent nuclear fuel 564
Privately-owned improvements on state lands 566
Dams and reservoirs 570
Advisory valuations of utility real property 572
Employment of experts in connection with assessments of real property 574
Information to be furnished by recording officers and assessors 575
Assessor’s annual reports 575–A
Electric generating facility annual reports 575–B
Solar or wind energy systems 576
Assessment under cooperative agreements 578
County assistance under cooperative agreements 579
Coordinated assessment programs 580
Condominiums 581
Assessment of residential cooperative, condominium and rental property 581–A
Assessment of residential real property 581–B
Assessment of parcels used for residential purposes and registered as family day care homes 582
Valuation of agricultural structures 582–A
Value of lands and structures supporting non-residential water dependent activities

Verified:
Oct. 25, 2025

Last modified:
Jan. 3, 2020

§ 561. Payments in lieu of taxes's source at nysenate.gov

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Location: https://newyork.public.law/laws/n.y._real_property_tax_law_section_561

Original Source: Section 561 — Payments in lieu of taxes; change of assessment; effective date, https://www.nysenate.gov/legislation/laws/RPT/561 (last accessed Oct. 25, 2025).