New York § 1353 - 1353Surcharge rates
Full text of New York New York Consolidated Laws § 1353 — 1353Surcharge rates, with citation guidance and answers to common questions.
§ 1353. 1353Surcharge rates
* § 1353. Surcharge rates. The surcharge shall be calculated as follows: (a) For fiscal years beginning on or after July first, two thousand twenty-six, and before July first, two thousand twenty-eight, (1) for covered property that is in class one, where the phase one market value is (A) greater than or equal to five million dollars, but less than or equal to fifteen million dollars, at a rate of 0.8 percent; (B) greater than fifteen million dollars, but less than or equal to twenty-five million dollars, at a rate of 1.05 percent; (C) greater than twenty-five million dollars, at a rate of 1.3 percent; and (2) for covered property that is a residential condominium dwelling unit or, in the case of a residential cooperative property, a residential cooperative dwelling unit, where the phase one market value is (A) greater than or equal to one million dollars, but less than or equal to three million dollars, at a rate of 4.0 percent; (B) greater than three million dollars, but less than or equal to five million dollars, at a rate of 5.25 percent; (C) greater than five million dollars, at a rate of 6.5 percent. (b) For fiscal years beginning on or after July first, two thousand twenty-eight, for covered property or, in the case of a residential cooperative property, a residential cooperative dwelling unit, where the phase two market value is (1) greater than or equal to five million dollars, but less than or equal to fifteen million dollars, at a rate of 0.8 percent; (2) greater than fifteen million dollars, but less than or equal to twenty-five million dollars, at a rate of 1.05 percent; (3) greater than twenty-five million dollars, at a rate of 1.3 percent. * NB Repealed June 30, 2031
Frequently Asked Questions About New York § 1353
What does New York Consolidated Laws § 1353 cover?
Section 1353 ("1353Surcharge rates") 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 § 1353?
A common citation format is "New York Consolidated Laws § 1353" (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 § 1353 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.