Bill Text: NY A00449 | 2009-2010 | General Assembly | Introduced

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Bill Title: Establishes certain assessing units shall update the assessments in its jurisdiction not less than once every fifth year.

Spectrum: Partisan Bill (Democrat 5-0)

Status: (Introduced - Dead) 2011-01-05 - referred to real property taxation [A00449 Detail]

Download: New_York-2009-A00449-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                          449
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                      (PREFILED)
                                    January 5, 2011
                                      ___________
       Introduced  by  M. of A. CAHILL -- Multi-Sponsored by -- M. of A. GALEF,
         GOTTFRIED, HEASTIE, McENENY -- read once and referred to the Committee
         on Real Property Taxation
       AN ACT to amend the real property tax law, in relation to real  property
         tax assessments
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1.   The real property tax law is  amended  by  adding  a  new
    2  section 306 to read as follows:
    3    S  306. ASSESSMENT CYCLE. IN ACCORDANCE WITH A RESOLUTION ESTABLISHING
    4  A PERIODIC ASSESSMENT CYCLE BY  THE  GOVERNING  BODY  OF  THE  MUNICIPAL
    5  CORPORATION  AND  IN ACCORDANCE WITH THE RULES OF THE STATE BOARD, EVERY
    6  ASSESSING UNIT SHALL UPDATE THE ASSESSMENTS IN ITS JURISDICTION NOT LESS
    7  THAN ONCE EVERY FIFTH YEAR AFTER THE EFFECTIVE  DATE  OF  THIS  SECTION.
    8  SUCH  UPDATE  SHALL  BE BASED ON THE VALUATION DATE, TAXABLE STATUS DATE
    9  AND ASSESSMENT METHODS AND STANDARDS AS PROVIDED IN THIS TITLE.
   10    S 2. This act shall take effect on the first of January next  succeed-
   11  ing the date on which it shall have become a law; provided, however that
   12  effective immediately, the addition, amendment and/or repeal of any rule
   13  or regulation necessary for the implementation of this act on its effec-
   14  tive  date  are  authorized  and directed to be made and completed on or
   15  before such effective date.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD01033-01-1