Establishes the "storm assessment relief act" for Kings and Richmond counties

BILL NUMBER:A10579

Title of bill

An act to establish the "storm assessment relief act" for Kings and Richmond counties

Purpose

Establishes the "storm assessment relief act" for Kings and Richmond County due to the severe weather between March 12, 2010 and March 14, 2010.

Summary of provisions

Section 1 concerns the title of the act. Section 2 relates to definitions within the bill such as, eligible county, taxa- ble status date, catastrophically impacted, taxpayer, assessor, property owner, weather and correction. Section 3 deals with the local option in relation to the City Council of NY's role in this legislation. Section 4 lays out the assessment relief for storm victims. Section 5 deals with school districts. Section 6 states the date it will take effect.

Justification

Property damages due to the storm on March 12, 2010- March 14, 2010 were catastrophic. Many were left with no electricity, flooded houses, roofs ripped off, and cars crushed by trees. Senator Schumer pushed to get federal funding for Richmond and Kings County. With over 560 trees down, over 173,000 people had no power for the entire weekend and record flooding people of Kings and Richmond County deserve some relief, especially because those affected by the flood have seen their property values decrease. This legislation works to amelio- rate some of the problems of property owners affected by the storm by reviewing the valuation of properties damaged and revaluing it. This would particularly affect houses that are currently on the market, for the value of these damaged properties has a significant impact of the owner/seller.

Legislative history

None.

Fiscal implications

To be determined.

Effective date

This act shall take effect immediately and shall be deemed to have been in full force and effect on or after July 1, 2009.