Bill Text: NY S07473 | 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 1-0)

Status: (Introduced - Dead) 2014-06-16 - SUBSTITUTED BY A9170 [S07473 Detail]

Download: New_York-2013-S07473-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         7473
                                   I N  S E N A T E
                                     May 15, 2014
                                      ___________
       Introduced  by  Sen.  KLEIN  -- read twice and ordered printed, and when
         printed to be committed to the Committee on Cities
       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
       S. 7473                             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.