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New York Tax Deeds

· 2 min read

Sale Type:  Tax Deed (Except NYC)  Interest Rate:  N/A  Bid Method:  Highest Bidder  Redemption Period:  2 Years  Sale Date(s):  Year Round  State Statute(s):...

New York Tax Deeds

 Sale Type:

 Tax DeedA legal document that transfers property ownership to the government or an investor after the owner fails to pay property taxes for an extended period. (Except NYC)

 Interest Rate:

 N/A

 Bid Method:

 Highest Bidder

 Redemption PeriodThe legally defined timeframe during which a property owner can reclaim their property by paying the delinquent taxes plus interest and penalties.:

 2 Years

 Sale Date(s):

 Year Round

 State Statute(s):

 CH 50, Article 11

 Over-the-CounterTax liens or tax deeds that were not sold at public auction and are available for purchase directly from the county or taxing authority.:

 Yes

 State Website:

 http://www.ny.gov/

New York State Overview

  • GIS and mapping data – This state site is a very good resource to find state, county, and other municipal GIS systems.

  • The five counties of New York City were incorporated together as boroughs in 1898, as follows:

    • Manhattan, New York County

    • Queens, Queens County

    • Brooklyn, Kings County

    • Bronx, Bronx County

    • Staton Island, Richmond County

  • Obtaining county records has been made easier because of “FOIL”, a Freedom of Information Law that requires all of the government agencies to disclose and provide records free of hassle and real cost. This means parcel maps, title history, relevant property data is available through a quick email.

  • This Allegany County deed recording page is a great resource for instructions on recording deeds in New York.

  • In the state of New York, each deed must be accompanied by a Real Property Transfer Report.

In New York, the tax collector or treasurer will sell tax deeds to the winning bidders at the delinquent property tax sale.

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