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§ 26-602 — Real property tax exemption; PILOT exemption

New York City Administrative Code (current through L.L. 2026/147, enacted September 12, 2026, and amendments effective through October 10, 2026) · NYC Admin. Code § 26-602

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§ 26-602 Real property tax exemption; PILOT exemption.

Real property of a housing company shall be exempt from real property taxes and real property of an applicable battery park city property shall be exempt from PILOT, in an amount equal to the rent increase exemptions actually credited to eligible heads of households pursuant to this chapter. Any such exemption shall be in addition to any other exemption or abatement of taxes authorized by law. (Am. L.L. 2023/109, 7/23/2023, retro. eff. 12/15/2022) Editor's note: For related unconsolidated provisions, see Appendix A at L.L. 2023/109.

§ 26-602 — Real property tax exemption; PILOT exemption | New York City Administrative Code (current through L.L. 2026/147, enacted September 12, 2026, and amendments effective through October 10, 2026) | Corpus