2023 New York Laws › RPT - Real Property Tax › Article 13 - Special Provisions Relating to School Districts › 1326 - Payment of Taxes in Installments in City School Districts.

§  1326. Payment of taxes in installments in city school districts. 1.
(a) Notwithstanding any of the provisions of this  chapter,  the  school
authorities  of  a  city  school district may by resolution duly adopted
prior to the annual tax levy in any year determine that  thereafter  and
until  such  action  be  rescinded  by the school authorities, any taxes
levied by it upon real property situate within the school  district  may
be  paid  in  installments,  not  exceeding  six, on or before such days
within the fiscal year for which such taxes are to be levied, as may  be
prescribed by such resolution. The last such day shall not be later than
the   thirtieth  day  preceding  the  end  of  such  fiscal  year.  Each
installment shall be as nearly equal as possible.
(b) If the resolution so provides, each installment  after  the  first
installment  shall  include  interest on the balance calculated from the
date on which the first installment was due at the  rate  as  determined
pursuant  to section nine hundred twenty-four-a of this chapter for each
one month period, or part thereof, as defined in  subdivision  three  of
section  thirteen  hundred  twenty-eight  of  this  article  until  such
installment is paid or until the return of the warrant by the collecting
officer, whichever shall be the sooner. The amount of any such  interest
shall be included in and be deemed part of the amount of the unpaid tax.
All  taxes  remaining  unpaid  after  the  return  of the warrant by the
collecting officer  shall  bear  interest  at  the  rate  as  determined
pursuant  to section nine hundred twenty-four-a of this chapter for each
such one month period, or part thereof.
(c) Where such resolution does not provide for interest as  authorized
by  paragraph  (b)  of  this subdivision, if any installment of taxes is
paid on or before the date  when  due,  no  interest  shall  be  charged
thereon;  if  not  so paid, interest shall be added to the amount of any
such installment at the rate as  determined  pursuant  to  section  nine
hundred twenty-four-a of this chapter for each one month period, or part
thereof,  as  defined  in  subdivision three of section thirteen hundred
twenty-eight of this article until such installment is paid or until the
return of the warrant by the  collecting  officer,  whichever  shall  be
sooner.  The  amount of such interest shall be included in and be deemed
part of the amount of the unpaid tax. All taxes remaining  unpaid  after
the  return of the warrant by the collecting officer shall bear interest
at the rate as determined pursuant to section nine hundred twenty-four-a
of this chapter for each such one month period, or part thereof.
(d) Any such resolution shall state the number  of  installments,  not
exceeding  six,  and  the  respective  dates upon which the taxes are to
become payable. No installment may be paid unless all prior installments
of current taxes, including interest, shall have been paid or  shall  be
paid at the same time.
2.  Whenever a resolution has been adopted pursuant to this section or
section thirteen  hundred  twenty-seven  of  this  article,  the  notice
required  to  be  given by the collecting officer shall state that taxes
may be paid in installments as provided in the resolution. Warrants  for
the  collection of taxes levied while such resolution continues in force
shall contain appropriate directions for the collection of taxes in  the
manner  specified in such resolution. Such warrant shall further command
the collecting officer to whom  the  same  is  directed  to  return  his
warrant  in the manner provided by this chapter within twenty days after
the date on or before which the last installment of taxes must be paid.
3. Notwithstanding the  foregoing  provisions  of  this  section,  the
school  authorities  of  each  such  city school district shall have the
power, by resolution duly adopted, to suspend  the  provisions  of  this
section  in relation to the rates of interest payable on school district
taxes remaining unpaid on the respective  installment  dates.  Upon  the

adoption  of  such a resolution, the rates of interest payable on unpaid
city taxes in such city,  according  to  law,  shall  be  the  rates  of
interest  payable  on  school  district  taxes  remaining  unpaid on the
respective  installment  dates.  Such  rates  shall remain so applicable
until such school authorities, by resolution duly adopted, terminate the
period of suspension of such provisions of this section.