N.Y. Real Property Tax Law 1114 – Redemption of a partial interest
§ 1114. Redemption of a partial interest. 1. A person having an interest in a specific or an undivided part of any parcel subject to a delinquent tax lien, or in an undivided share in any parcel out of which an undivided part is subject to such lien, may redeem such part or share by paying the portion of the total amount required for redemption as is in proportion to the portion of the taxable assessed value of such property attributable to such interest.
Terms Used In N.Y. Real Property Tax Law 1114
- delinquent tax: include any unpaid tax or other charge against lands owned by the state. See N.Y. Real Property Tax Law 1102
- Enforcing officer: means any elected or appointed officer of any tax district empowered or charged by law to enforce the collection of tax liens on real property; provided, however, that (a) where no law provides otherwise, the enforcing officer shall be (i) in a county which is a tax district, the county treasurer or commissioner of finance, (ii) in a city which is a tax district, the official so empowered or charged by the city charter, (iii) in a village which is a tax district, the village treasurer, and (iv) in a town which is a tax district, the town supervisor; and (b) when the duties and powers of an "enforcing officer" are vested in two or more elected or appointed officials, the governing body of the tax district shall designate which of such officials shall act as enforcing officer for the purposes set forth in this article. See N.Y. Real Property Tax Law 1102
- Lien: A claim against real or personal property in satisfaction of a debt.
- Person: means an individual, a corporation (including a foreign corporation and a municipal corporation), a joint stock association, a partnership, the state, and any other organization, state, government or county which may lawfully own property in the state. See N.Y. Real Property Tax Law 1102
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
2. Such payment shall be accompanied by an apportionment of such taxable assessed value prepared by the assessor of the assessing unit in which such property is located in the manner prescribed by section nine hundred thirty-two of this chapter, or such other law as may be applicable, and the rules of the commissioner relating thereto.
3. When a partial interest is redeemed in a parcel which has been included on a list of delinquent taxes that has been filed pursuant to section eleven hundred twenty-two of this article, but some or all of the remainder of the parcel remains unredeemed, the enforcing officer shall, upon request, issue a certificate of redemption, describing the part or share of the parcel so redeemed as it was described on the apportionment provided by the assessor pursuant to the applicable law and rules. Upon the filing of such certificate with the county clerk, the county clerk shall enter on such list the notation "partially redeemed" and the date of the filing, opposite the description of such parcel. The notation "partially redeemed" shall have no effect upon the notice of pendency relating to the portion of the parcel on which taxes remain unpaid.