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Who cares
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Sponsors
No co-sponsors yet.
History
- Referred to local government
- Referred to local government
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Relates to assessment disclosure
In Assembly Committee · Real Property Taxation · Sponsor David Koon
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the real property tax law, in relation to assessment disclosure
Purpose
Exempts from certain assessing units from assessment disclosure.
Summary of provisions
Section 1: Section 511 of the real property tax law is amended by adding a new subdivision 9 which exempts from the provisions of this section every assessing unit participating in the annual assessment program described in section 1573 of this chapter when such assessing unit is not conducting a full scale reappraisal or altering the assessed values of less than 25% of the parcels. Section 2: Effective Date.
Justification
Section 511 of the real property tax law (RPTL) requires that disclosure notices be sent to property taxpayers. RPTL 511 notices contains the property's prior assessed value, the new tentative assessed value, the net change, and a projected tax impact based on the change. Due to steady market activity some municipalities have to send out other notices to taxpayers. These notices are similar to RPTL 511 notices. In addition, the New York State Office of Real Property Services (NYSORPS) said in 1999 that municipalities would be responsible for RPTL 511 notices only when it does a full scale reappraisal. Apparently, NYSORPS was wrong and RPTL 511 notices must be sent every 3 years regardless of whether there has been a full scale reappraisal. This legislation would exempt any municipality involved in the annual assessment program from sending Section 511 notices in a year when they are not doing a full revaluation or changing the assessed values of more than 25% of the parcels.
Legislative history
2007 - Passed Senate; 2008 -local government
Fiscal implications
None.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.