New York § 272 - 272Taxation of district property
Full text of New York New York Consolidated Laws § 272 — 272Taxation of district property, with citation guidance and answers to common questions.
§ 272. 272Taxation of district property
§ 272. Taxation of district property. All real property acquired for the purposes of the county district shall be acquired in the name of such county district. Real property acquired in the name of the county district shall be assessed for the purposes of taxation at the value thereof exclusive of improvements erected or installed by or on behalf of such county district, but in no case at less than the assessed valuation at the time of acquisition by such county district, provided however, that in those cases where the county district acquires real property already containing improvements intended for the very purpose for which the particular district was established, the real property so acquired shall be assessed at the value of the land alone, exclusive of such improvements. Except as provided above, such real property shall be valued on an equitable basis with other comparable real property in the district.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 272
What does New York Consolidated Laws § 272 cover?
Section 272 ("272Taxation of district property") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 272?
A common citation format is "New York Consolidated Laws § 272" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 272 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.