Part 2 - EXEMPTION FOR CERTAIN NONPROFIT ORGANIZATIONS

Section 11-246

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.