Bill Text: NY S06959 | 2017-2018 | General Assembly | Introduced
Bill Title: Relates to requiring notice where the tentative equalization rate varies more than five percentage points from the locally stated level of assessment within ten days of reciept of such rate or filing of the tentative assessment roll.
Spectrum: Moderate Partisan Bill (Republican 4-1)
Status: (Passed) 2018-07-10 - SIGNED CHAP.115 [S06959 Detail]
Download: New_York-2017-S06959-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ S. 6959 A. 8805 2017-2018 Regular Sessions SENATE - ASSEMBLY November 27, 2017 ___________ IN SENATE -- Introduced by Sen. AMEDORE -- read twice and ordered print- ed, and when printed to be committed to the Committee on Rules IN ASSEMBLY -- Introduced by M. of A. FAHY -- read once and referred to the Committee on Real Property Taxation AN ACT to amend the real property tax law, in relation to requiring notice where the tentative equalization rate varies more than five percentage points from the locally stated level of assessment The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 1204 of the real property tax law is amended by 2 adding a new subdivision 3 to read as follows: 3 3. Where the tentative equalization rate is not within plus or minus 4 five percentage points of the locally stated level of assessment, the 5 assessor shall provide notice in writing to the local governing body of 6 any affected town, city, village, county and school district of the 7 difference between the locally stated level of assessment and the tenta- 8 tive equalization rate. Such notice shall be made within ten days of 9 the receipt of the tentative equalization rate, or within ten days of 10 the filing of the tentative assessment roll, whichever is later, and 11 shall provide the difference in the indicated total full value estimates 12 of the locally stated level of assessment and the tentative equalization 13 rate for the taxable property within each affected town, city, village, 14 county and school district, where applicable. 15 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD13811-01-7