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Sponsors
Senator · Senate District 45
No co-sponsors yet.
History
- Referred to local government
- Returned to senate
- Died in assembly
- Referred to real property taxation
- Delivered to assembly
- Passed senateVote 62–0
- Ordered to third reading cal.1406
- Referred to rules
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.
Enacts the flood assessment relief act of 2011
In Assembly Committee · Real Property Taxation · Sponsor Teresa Sayward
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5726
Title of bill
An act to enact the "flood assessment relief act of 2011"
Purpose
This bill is designed to offer tax assessment relief to those who were victims of this year's flooding in the counties of Clinton, Essex, Franklin, Warren and Washington.
Summary of provisions
Section one Titles the bill the "flood assessment relief act of 2011."
Section two defines eligible counties, taxable status date, catastrophically impacted, taxpayer, assessor, property owner, weather and correction.
Section Three allows counties to opt into this act by passing a resolution by September 1, 2011.
Section four allows for municipalities to reassess a property that has been damaged by a flood in specific counties. A taxpayer whose real property was catastrophically impacted ( property value diminished by 50% or more) by floods caused by the weather beginning on April 26, 2011 and ending May 29, 20011 may seek an administrative review of his or her real property valuation, The assessor is then authorized to consider the property to have a taxable status date of May 29, 2011, which would take into account flood damage.
Section five holds school districts harmless for any reduction of state aid that may be cased by reassessment.
Section six contains the effective date.
Justification
This legislation allows localities the option to participate in the flood assessment relief act of 2011. The counties of Clinton, Essex, Franklin, Warren and Washington have been hit hard from spring snow melt coupled with heavy rains causing flooding which damaged homes, businesses, roads and other infrastructure.
This bill would allow homeowners to be taxed at the most current value of their home. Essentially, this will help offset some of the costs of rebuilding by ensuring that homeowners are paying taxes on their current assessment value.
Legislative history
Similar legislation was passed in 2007
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 and after April 26, 2011.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.