Property must be constructed or improved to provide a fallout shelter facility which complies with the NYS Defense Emergency Act (McK U Con L §9101) and the plan, regulations, and orders of the State Civil Defense Commission. Eligibility requirements Ownership requirements: The amount of exemption is limited to the increase in assessed value attributable to the fallout shelter however, no exemption may exceed $100 times the number of occupants which the fallout shelter facility is designed to accommodate in accordance with the plan, regulations, and orders of the State Civil Defense Commission. Property that is constructed or improved to include or provide a fallout shelter facility that complies with the NYS Defense Emergency Act is partially exempt from taxation, special ad valorem levies, and special assessments. McK U Con L §9101 (NYS Defense Emergency Act) Summary: State Board of Real Property Tax ServicesĮxemption Administration Manual, Part 2: Industrial, Commercial, and Public Service-Section 4.06 - RPTL Section 479: Fallout Shelter Facilities Assessor Manuals Section 4.06 - RPTL Section 479: Fallout Shelter Facilities Exemption code(s):.Standards for electronic real property tax administration.Interest rates on court-ordered property tax refunds.Interest rate on late payment of property taxes.Current status of property tax-related legislation.Equalization for coordinated assessment programs.Level of assessment (LOA) owner's manual.

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