Bill Text: NY A09170 | 2013-2014 | General Assembly | Introduced
Bill Title: Requires assessment-rolls to be published and searchable on the department of finance website.
Spectrum: Partisan Bill (Democrat 3-0)
Status: (Vetoed) 2014-11-21 - tabled [A09170 Detail]
Download: New_York-2013-A09170-Introduced.html
S T A T E O F N E W Y O R K ________________________________________________________________________ 9170 I N A S S E M B L Y March 25, 2014 ___________ 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 requiring assessment-rolls to be published on the depart- ment of finance website THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: 1 Section 1. The administrative code of the city of New York is amended 2 by adding a new section 11-218.1 to read as follows: 3 S 11-218.1 ASSESSMENT-ROLLS; PUBLICATION. A. THE COMMISSIONER OF 4 FINANCE SHALL PUBLISH THE ASSESSMENT-ROLLS ON THE DEPARTMENT OF FINANCE 5 WEBSITE IN SUCH A MANNER AS TO ALLOW VISITORS TO THE WEBSITE TO SEARCH 6 FOR INFORMATION CONTAINED WITHIN SUCH ASSESSMENT-ROLLS. 7 B. THE COMMISSIONER OF FINANCE SHALL PUBLISH INFORMATION REGARDING HOW 8 A PROPERTY ASSESSMENT IS DERIVED ON THE DEPARTMENT OF FINANCE WEBSITE IN 9 A SEARCHABLE DATABASE. 10 C. THE ASSESSMENT-ROLLS AND ONLINE SEARCHABLE DATABASE PUBLISHED IN 11 ACCORDANCE WITH THIS SECTION SHALL, AT A MINIMUM, CONTAIN THE FOLLOWING 12 INFORMATION: 13 (1) PROPERTY INFORMATION, INCLUDING ADDRESS, BLOCK, LOT, AND TAX 14 CLASS; 15 (2) A LIST OF THE COMPARABLE PROPERTIES THAT THE ASSESSORS HAVE USED 16 FOR ASSESSMENT FOR CLASS ONE AND TWO PROPERTIES; 17 (3) THE BASE AND OVERALL CAPITALIZATION RATES FOR CLASS FOUR PROPER- 18 TIES; 19 (4) THE FAIR MARKET VALUE; 20 (5) THE TARGET ASSESSMENT RATIO; 21 (6) THE ACTUAL ASSESSED VALUE, AS DETERMINED BY MULTIPLYING THE FAIR 22 MARKET VALUE BY THE TARGET ASSESSMENT RATIO; 23 (7) WHETHER AN ASSESSMENT CAP OR TRANSITIONAL ASSESSMENT PROCESS IS IN 24 USE, AND THE PERCENTAGE OF SUCH CAP OR THE LENGTH OF TIME USED FOR THE 25 TRANSITION; 26 (I) THE ASSESSED VALUE WITH THE CAP OR TRANSITION; EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10199-03-3 A. 9170 2 1 (II) A LIST OF APPLICABLE EXEMPTIONS AND THE AMOUNT OF EACH EXEMPTION. 2 EACH EXEMPTION SHOULD BE LINKED TO A FULL DESCRIPTION OF THE EXEMPTION; 3 (III) THE TAXABLE ASSESSED VALUE; 4 (IV) THE NOMINAL TAX RATE; 5 (V) THE BASE TAX LIABILITY, AS DETERMINED BY MULTIPLYING THE TAXABLE 6 ASSESSED VALUE BY THE NOMINAL TAX RATE; 7 (VI) A LIST OF ABATEMENTS APPLIED AND THE AMOUNT OF EACH ABATEMENT. 8 EACH ABATEMENT SHOULD BE LINKED TO A FULL DESCRIPTION OF THE ABATEMENT; 9 (VII) THE FINAL TAX BILL; AND 10 (VIII) THE EFFECTIVE TAX RATE, AS DETERMINED BY DIVIDING THE FINAL TAX 11 BILL BY THE FAIR MARKET VALUE. 12 S 2. This act shall take effect on the two hundred seventieth day 13 after it shall have become a law.