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Ryan bills to cap delinquent property tax interest in NY
New York State Senator Sean Ryan announced approval of legislation to remove the 12 percent floor on delinquent property tax interest and set a maximum rate tied to the federal prime rate, capped at 16 percent and adjusted every five years. The measure aims to ease homeowner debt, prevent foreclosures, and curb zombie properties, awaiting Governor Hochul's signature.
MENTIONED IN THIS ARTICLE
New York State
Sean Ryan
New York
Kathy Hochul
Erie County
Western New York Law Center
High Road
Hannah Drexler
Cornell University
Ryan