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
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