Bill > A08846

This bill prohibits tax districts located in cities with a population of one million or more from selling tax liens, which are legal claims against properties with delinquent tax payments. Specifically, the bill amends two existing laws: the real property tax law and the administrative code of New York City. Under current law, tax districts can sell delinquent tax liens to entities like the New York municipal bond bank agency, but this bill eliminates that option for large cities (which effectively means New York City). The legislation removes previous language that allowed counties, cities, and towns to enforce tax collection through tax lien sales under certain circumstances. By restricting tax lien sales, the bill aims to change how delinquent property taxes are managed in large urban areas, potentially providing different protections or collection methods for property owners with outstanding tax debts. The bill will take effect on the first day of January following its enactment.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A8846