Section 11-246
§ 11-246 Taxation of property of nonprofit organizations,
pharmaceutical societies and dental societies. 1. a. Pursuant to the
requirements of sections four hundred twenty-a and four hundred
forty-six of the real property tax law, real property owned by a
corporation or association which is organized or conducted exclusively
for religious, charitable, hospital, educational or cemetery purposes,
or for the purposes of the moral or mental improvement of men, women or
children or for two or more such purposes shall not be taxable.
b. Real property owned by a corporation or association which is
organized or conducted exclusively for Bible, tract, benevolent,
missionary, infirmary, public playground, scientific, literary, library,
patriotic or historical purposes, for the development of good
sportsmanship for persons under the age of eighteen years through the
conduct of supervised athletic games, or for the enforcement of laws
relating to children or animals, or for two or more such purposes, and
used exclusively for carrying out thereupon one or more of such purposes
either by the owning corporation or association, or by another such
corporation or association as provided in section four hundred twenty-b
of the real property tax law shall not be taxable. Any corporation or
association which uses real property exempted from taxation pursuant to
this paragraph shall make available to the city council, the
commissioner of finance and the public a report, in such form as may be
prescribed by the commissioner of finance, setting forth the efforts of
such corporation or association undertaken in the previous calendar year
to provide assistance to city programs and city residents, by filing
such report with the city clerk not later than June first of each year.
c. Real property owned by a corporation or association which is
organized or conducted exclusively for bar association or medical
society purposes, or both such purposes, and used exclusively for
carrying out thereupon one or both such purposes either by the owning
corporation or association, or by another such corporation or
association shall be taxable pursuant to the authority contained in
section four hundred twenty-b of the real property tax law.
2. Real property from which no rent is derived and which is owned by
an incorporated pharmaceutical society which is either wholly or partly
within the city, which society has heretofore been or may hereafter be
authorized and empowered by act of the legislature to establish and
which has established or may hereafter establish a college of pharmacy
in this city shall be taxable.
3. Real property from which no income is derived which is owned by a
dental society of any judicial district which judicial district is
wholly or partly within the city, which dental society was incorporated
under the education law shall be taxable.
4. Real property previously exempt from taxation but made taxable
pursuant to this section as of the first day of January, nineteen
hundred seventy-two shall be taxed for the period from the first day of
January to and including the thirtieth day of June, nineteen hundred
seventy-two by applying one-half of the tax rate for the fiscal year
nineteen hundred seventy-one, seventy-two to the assessments made and
exemptions claimed with reference to the taxable status date falling on
the twenty-fifth day of January, nineteen hundred seventy-two. The taxes
thus computed for the period from the first day of January to and
including the thirtieth day of June, nineteen hundred seventy-two shall
be due and payable on the first day of June, nineteen hundred
seventy-two.
5. Real property which is taxable under this section shall be subject
to any special ad valorem levies and special assessments which are
imposed to defray the cost of improvements or services furnished by the
city.