Bill > S07186

This bill prohibits tax districts in cities with a population of one million or more (effectively targeting New York City) from selling tax liens, which are legal claims against properties with unpaid property taxes. Currently, tax districts can sell these delinquent tax liens to entities like the state municipal bond bank agency as a way to recover outstanding tax debts. The bill modifies existing law in two key areas: the Real Property Tax Law and the Administrative Code of the City of New York, specifically removing the provisions that allow tax districts in large cities to sell tax liens. By preventing the sale of tax liens, the bill aims to change how municipalities handle delinquent property taxes, potentially impacting how these unpaid taxes are collected and managed. The legislation is set to take effect on the first day of January following its enactment, giving local governments time to adjust their tax collection strategies.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S7186