Bill Text: NY A01269 | 2021-2022 | General Assembly | Introduced

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Bill Title: Relates to information required to be included in the notice of property value sent to owners of real property.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2022-01-05 - referred to real property taxation [A01269 Detail]

Download: New_York-2021-A01269-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          1269

                               2021-2022 Regular Sessions

                   IN ASSEMBLY

                                     January 8, 2021
                                       ___________

        Introduced  by M. of A. QUART -- read once and referred to the Committee
          on Real Property Taxation

        AN ACT to amend the administrative code of the  city  of  New  York,  in
          relation to information required to be included in the notice of prop-
          erty value sent to owners of real property

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Subdivision b of section  11-207.1  of  the  administrative
     2  code  of  the  city  of New York, as added by local law number 52 of the
     3  city of New York for the year 2013, is amended to read as follows:
     4    b. The notice of property value sent by the department to an owner  of
     5  real  property shall inform such owner how to access additional informa-
     6  tion on the website of the department regarding valuation of the subject
     7  real property, including the factors used by the department to determine
     8  the market value of such real property. The  notice  of  property  value
     9  shall  include  the  address  of such website. Such information shall be
    10  made available at least thirty days prior to the final date  for  filing
    11  any  appeal.  The notice of property value sent by the department pursu-
    12  ant to this subdivision shall include the specific formulas, data sourc-
    13  es, and values used to determine the rates  of  capitalization  for  the
    14  real  property valuation or the specific web address where such informa-
    15  tion is available.
    16    § 2. This act shall take effect immediately.



         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01618-01-1