N.Y. Real Property Tax Law Section 562
Certain property used or occupied by a railroad


Notwithstanding the provisions of this chapter or any other law, real property used or occupied by a railroad for purposes of railroad operation, title to which is in the state of New York or in any municipal corporation thereof under any of the grade crossing elimination acts, shall be deemed property of the railroad for purposes of taxation and shall be assessed and taxed in the same manner and to the same extent as if such railroad were the owner thereof.

Source: Section 562 — Certain property used or occupied by a railroad, https://www.­nysenate.­gov/legislation/laws/RPT/562 (updated Sep. 22, 2014; accessed Oct. 26, 2024).

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 562’s source at nysenate​.gov

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