Bill Text: NY A03988 | 2019-2020 | General Assembly | Introduced

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Bill Title: Relates to classifying certain property held in cooperative form as class one properties for assessment purposes.

Spectrum: Moderate Partisan Bill (Democrat 9-1)

Status: (Introduced - Dead) 2020-01-08 - referred to real property taxation [A03988 Detail]

Download: New_York-2019-A03988-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          3988
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    January 31, 2019
                                       ___________
        Introduced  by M. of A. WEPRIN, CARROLL, D. ROSENTHAL -- Multi-Sponsored
          by -- M. of A.  COLTON, COOK, DINOWITZ, FINCH, GLICK, PERRY, RIVERA --
          read once and referred to the Committee on Real Property Taxation
        AN ACT to amend the real property tax law, in  relation  to  classifying
          certain cooperative and condominium properties as class one properties
          for assessment purposes
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Paragraph class one of subdivision 1 of section 1802 of the
     2  real property tax law, as amended by chapter 332 of the laws of 2008, is
     3  amended to read as follows:
     4    Class one: (a) all one, two and three family residential real  proper-
     5          ty,  including  such  dwellings  used in part for nonresidential
     6          purposes but which are used primarily for residential  purposes,
     7          except such property held in cooperative or condominium forms of
     8          ownership other than [(i)] property defined in subparagraphs (b)
     9          and  (c)  of this paragraph [and (ii) property which contains no
    10          more than three dwelling  units  held  in  condominium  form  of
    11          ownership and which was classified within this class on a previ-
    12          ous  assessment  roll];  and  provided that, notwithstanding the
    13          provisions of paragraph (g) of subdivision twelve of section one
    14          hundred two of this chapter, a mobile home or  a  trailer  shall
    15          not  be classified within this class unless it is owner-occupied
    16          and separately assessed; and (b) residential real property  [not
    17          more  than  three stories in height] held in condominium form of
    18          ownership, provided that [no dwelling  unit  therein  previously
    19          was  on  an  assessment  roll  as  a dwelling unit in other than
    20          condominium form of ownership] such dwelling unit is occupied by
    21          its owner; and (c) residential real property [consisting of  one
    22          family house structures] owned by the occupant, situated on land
    23          held  in  cooperative  ownership  by  owner occupiers[, provided

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07516-01-9
        A. 3988                             2

     1          that; (i) such house structures and  land  constituted  bungalow
     2          colonies  in existence prior to nineteen hundred forty; and (ii)
     3          the land is held in cooperative ownership for the  sole  purpose
     4          of  maintaining  one family residences for members own use]; and
     5          (d) all vacant land located  within  a  special  assessing  unit
     6          which  is  a  city  (i)  other  than such land in the borough of
     7          Manhattan, provided that any such vacant land which is not zoned
     8          residential must be situated immediately  adjacent  to  property
     9          improved  with  a  residential  structure as defined in subpara-
    10          graphs (a) and (b) of this paragraph, be owned by the same owner
    11          as such immediately adjacent  residential  property  immediately
    12          prior  to  and  since January 1, 1989, and have a total area not
    13          exceeding 10,000 square feet; and (ii) located in the borough of
    14          Manhattan north of or adjacent to the north side of 110th street
    15          provided such vacant land was classified within  this  class  on
    16          the  assessment  roll  with  a taxable status date of January 5,
    17          2008 and the owner of such land  has  entered  into  a  recorded
    18          agreement  with  a governmental entity on or before December 31,
    19          2008 requiring construction of housing affordable to persons  or
    20          families  of low income in accordance with the provisions of the
    21          private housing finance law. Notwithstanding the foregoing, such
    22          vacant land shall be classified according  to  its  use  on  the
    23          assessment roll with a taxable status date immediately following
    24          commencement    of    construction,   provided   further,   that
    25          construction pursuant to an approved plan for affordable housing
    26          shall commence no later than December  31,  2010;  and  (e)  all
    27          vacant land located within a special assessing unit which is not
    28          a  city, provided that such vacant land which is not zoned resi-
    29          dential must be situated immediately adjacent to  real  property
    30          defined in subparagraph (a), (b) or (c) of this paragraph and be
    31          owned  by  the  same person or persons who own the real property
    32          defined in such subparagraph  immediately  prior  to  and  since
    33          January 1, 2003;
    34    §  2. This act shall take effect on the first of January next succeed-
    35  ing the date on which it shall have become a law.