NY Local Jurisdictions Allowed To Defer Property Tax Payments

Local taxing jurisdictions in New York can defer scheduled payments or installment payments for property taxes because of the COVID-19 state of emergency under a bill approved by Democratic Gov. Andrew Cuomo.

Cuomo on Saturday signed S.B. 8138B, which will allow localities to authorize deferred scheduled or installment payments for property tax collection during a declared state of emergency. Tax payments could be deferred only up to 120 days past the original due date of taxes, the legislation says.

--Additional reporting by James Nani. Editing by Vincent Sherry. 

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