Bill > S01785

This bill amends the Real Property Tax Law to establish different lien redemption procedures for farm properties versus non-farm properties. For non-farm properties, tax liens must continue to be redeemed in reverse chronological order, meaning the most recent lien is paid first and the earliest lien is paid last. In contrast, for farm properties, the bill requires liens to be redeemed in chronological order, so that the earliest lien is paid first and the most recent lien is paid last. When liens are partially redeemed, the enforcement process will continue until all liens are settled. The bill also mandates that receipts for partial lien redemptions include a specific warning statement informing the property owner that outstanding liens remain and failure to pay could result in property loss. The changes will apply to lien redemptions occurring on and after the bill's effective date, which is immediately upon enactment. This legislation aims to provide clarity and establish distinct lien redemption processes for farm and non-farm properties.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S1785