Bill Text: NY A09170 | 2013-2014 | General Assembly | Introduced

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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

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                           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.