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Form Rp-489-D - Application For Real Property Tax Exemption For Subsidized Railroad Real Property Page 2

RP-489-d and 489-dd (9/01)

Page 2

GENERAL INFORMATION AND FILING REQUIREMENTS

1. Authorization for exemption

Section 489-d(1) and 489-dd(1) of the Real Property Tax Law authorize an exemption from real property

taxation for intrastate and interstate subsidized railroad real property.

2. Place of filing

Complete application in triplicate. Original must be filed in the office of the city, town or village

assessor. If the property is located in a village which assesses, an application must be filed with both the

town assessor and the village assessor. In Nassau County and Tompkins County, the application must be

filed with the county assessor. A copy must be filed with the New York State Department of Taxation &

Finance - Office of Real Property Tax Services, State Assessment Services, WA Harriman, Albany, N. Y.

12227. Another copy must also be filed with the Department of Transportation, Railroad Group, State

Office Campus, Bldg. No. 5, Albany, N.Y. 12232. The documentation referred to in item 4 must be

attached to the original and each copy of the application unless it was filed with a previous application for

exemption on the subject property.

3. Time of filing

An application must be filed annually in the assessor’s office on or before the appropriate taxable status

date. For purposes of this exemption, taxable status date is December 31 of the year preceding the year in

which the assessment roll on which exemption is sought will be filed, except that it is December 31 of the

second year preceding the date provided by law for the filing of city assessment rolls required to be filed

between January 1 and June 1, inclusive, and for all village assessment rolls.

Form Rp-489-D - Application For Real Property Tax Exemption For Subsidized Railroad Real Property Page 2