Bill Text: NY A02873 | 2017-2018 | General Assembly | Introduced

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Bill Title: Requires every assessing unit to conduct a revaluation of assessment at least every four years.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced - Dead) 2018-01-03 - referred to ways and means [A02873 Detail]

Download: New_York-2017-A02873-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          2873
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                    January 23, 2017
                                       ___________
        Introduced  by  M. of A. GALEF, CAHILL -- Multi-Sponsored by -- M. of A.
          SALADINO -- read once and referred to the Committee on  Real  Property
          Taxation
        AN  ACT  to  amend  the  real property tax law, in relation to requiring
          every assessing unit to conduct a revaluation of assessment  at  least
          every four years
          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    §  306. Assessment cycle. Every assessing unit shall conduct a revalu-
     4  ation of assessments in its jurisdiction  at  least  once  every  fourth
     5  year.
     6    § 2. This act shall take effect January 1, 2019; provided, that effec-
     7  tive  immediately,  the addition, amendment and/or repeal of any rule or
     8  regulation necessary for the implementation of this  act  is  authorized
     9  and directed to be made and completed on or before such effective date.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02409-02-7