File #: Int 1407-2025    Version: Name: Sale of tax liens.
Type: Introduction Status: Vetoed
Committee: Committee on Finance
On agenda: 10/9/2025
Enactment date: Law number:
Title: A Local Law to amend the administrative code of the city of New York, in relation to the sale of tax liens
Sponsors: Adrienne E. Adams, Sandy Nurse, Justin L. Brannan, Amanda C. Farías, Lynn C. Schulman, Alexa Avilés, Nantasha M. Williams, Chris Banks, Linda Lee, Selvena N. Brooks-Powers, Althea V. Stevens, Shahana K. Hanif, Chi A. Ossé, Crystal Hudson, Farah N. Louis
Council Member Sponsors: 15
Summary: Currently, the City has authority to sell tax liens through 2028 pursuant to methods authorized in the administrative code. This bill would amend the administrative code to authorize the City to sell tax liens to a New York city land bank through a negotiated sale, and would not provide an expiration date for such authority. Additionally, this bill would require the commissioner of finance to include in the terms and conditions of any sale of tax liens the term and condition that no purchaser of a tax lien may foreclose upon a lien on class one residential real property occupied by the owner as a primary resident until 1 year has passed after the date of sale and the value of the lien reaches the lesser amount of 15% of the property value or $70,000, as well as the term and condition that every purchaser shall regularly send bills of the amount due on the lien and other pertinent information to the property owner.
Attachments: 1. Summary of Int. No. 1407-A, 2. Summary of Int. No. 1407, 3. Int. No. 1407, 4. October 9, 2025 - Stated Meeting Agenda, 5. Hearing Transcript - Stated Meeting 10-9-25.pdf, 6. Committee Report 11/13/25, 7. Fiscal Impact Statement - City Council, 8. Fiscal Impact Statement - OMB, 9. Hearing Testimony 11/13/25, 10. Hearing Transcript 11/13/25, 11. Proposed Int. No. 1407-A - 12/11/25, 12. Committee Report 12/18/25, 13. Hearing Transcript 12/18/25, 14. Committee Report - Stated Meeting, 15. December 18, 2025 - Stated Meeting Agenda, 16. Int. No. 1407-A (FINAL), 17. Int. No. 1407-A - Fiscal Impact Statement - City Council, 18. Int. No. 1407-A - Fiscal Impact Statement - OMB, 19. Mayor's Veto Message, 20. Hearing Transcript - Stated Meeting 12-18-25
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
12/31/2025AAdrienne E. Adams Mayor Vetoed by Mayor  Action details Meeting details Not available
12/18/2025AAdrienne E. Adams City Council Sent to Mayor by Council  Action details Meeting details Not available
12/18/2025AAdrienne E. Adams City Council Approved by CouncilPass Action details Meeting details Not available
12/18/2025*Adrienne E. Adams Committee on Finance Hearing Held by Committee  Action details Meeting details Not available
12/18/2025*Adrienne E. Adams Committee on Finance Amendment Proposed by Comm  Action details Meeting details Not available
12/18/2025*Adrienne E. Adams Committee on Finance Amended by Committee  Action details Meeting details Not available
12/18/2025AAdrienne E. Adams Committee on Finance Approved by CommitteePass Action details Meeting details Not available
11/13/2025*Adrienne E. Adams Committee on Finance Hearing Held by Committee  Action details Meeting details Not available
11/13/2025*Adrienne E. Adams Committee on Finance Laid Over by Committee  Action details Meeting details Not available
10/9/2025*Adrienne E. Adams City Council Referred to Comm by Council  Action details Meeting details Not available
10/9/2025*Adrienne E. Adams City Council Introduced by Council  Action details Meeting details Not available

Int. No. 1407-A

 

By The Speaker (Council Member Adams) and Council Members Nurse, Brannan, Farías, Schulman, Avilés, Williams, Banks, Lee, Brooks-Powers, Stevens, Hanif, Ossé, Hudson and Louis

 

A Local Law to amend the administrative code of the city of New York, in relation to the sale of tax liens

 

Be it enacted by the Council as follows:

 

Section 1. The opening paragraph of subdivision b of section 11-319 of the administrative code of the city of New York, as amended by local law number 82 for the year 2024, is amended to read as follows:

b. The commissioner of finance, on behalf of the city, may sell tax liens, either individually, in combinations, or in the aggregate, pursuant to the procedures provided [herein] in this chapter. [The] Subject to the provisions of this chapter, the commissioner of finance shall establish the terms and conditions of a sale of a tax lien or tax liens; provided that such terms and conditions shall prohibit any purchaser of a tax lien or tax liens from commencing an action to foreclose such tax lien or tax liens, pursuant to section 11-335, against any class one property that is residential real property, as such class of property is defined in subdivision one of section eighteen hundred two of the real property tax law, and occupied by an owner of such property who is a primary resident of such property, unless such purchaser commences such action no earlier than one year after the date of sale, as such term is defined in subdivision e of section 11-320, and the amount of the tax lien or tax liens on such property equals or exceeds the lesser of fifteen percent of the market value of such property, as reflected on the final assessment roll delivered most recently to the council pursuant to section 11-218, or seventy thousand dollars; and provided further that such terms and conditions shall require that any purchaser of a tax lien or tax liens notify the owner of record at the address of record, on a quarterly basis, of the amount of such tax lien or tax liens, the steps that such purchaser has taken to enforce such tax lien or tax liens, including the commencement of an action to foreclose such tax lien pursuant to section 11-335, information regarding options for such owner to resolve such tax lien or tax liens, and information on how to identify any other outstanding taxes, assessments, sewer rents, sewer surcharges, water rents, or any other charges assessed against such property. Enactment of the local law for the year 2025 that [added] amended this sentence shall be deemed to constitute authorization by the council for the commissioner of finance to conduct a sale or sales of tax liens through and including December thirty-first, two thousand twenty-eight by any method provided for in this chapter. Subsequent to December thirty-first, two thousand twenty-eight, the city shall not have the authority to sell [tax liens] a tax lien by any method provided for in this chapter other than by a negotiated sale, conducted pursuant to subparagraph (i) of paragraph two of this subdivision, to the New York city land bank.

§ 2. This local law takes effect immediately.

 

 

LS #4736, 17117, 19694, 20430

12/10/25