In relation to the period for which a discount will be allowed for prepayment of real property taxes and the grace period for payment of real property taxes …
NYC L.L. 1989/047
in effectL.L. 1989/047
Enactment date: 7/12/1989
Int. No. 1247
By Council Member DeMarco (by the request of the Mayor); also Council Members Harrison and Pinkett
A Local Law to amend the New York city charter and the administrative code of the city of New York, in relation to the period for which a discount will be allowed for prepayment of real property taxes and the grace period for payment of real property taxes without interest
Be it enacted by the Council as follows:
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[Consolidated provisions are not included in this Appendix A]
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§ 3. This local law shall take effect immediately, and shall apply to installments of taxes on real property which become due and payable on or after January first, nineteen hundred ninety, provided however, that section one of this local law shall not apply to any such installment which is paid prior to the thirtieth day following the effective date of this local law.
Source: City of New York, Charter, Administrative Code and Rules (American Legal Publishing XML export, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/newyorkcity/latest/NYCadmin/0-0-0-221298Fetched: 10/25/2026