Extends until March 31, 2013, the expiration and repeal of provisions of law relating to the review of assessments in the county of Nassau

BILL NUMBER:S7713

Title of bill

An act to amend chapter 401 of the laws of 2002, amending the real property tax law and the Nassau county administrative code relating to assessment and review of assessments in the county of Nassau, in relation to extending the expiration and repeal of certain provisions thereof

Purpose

This bill extend until March 31, 2012, the expiration and repeal of provisions of law relating to the review of assessment in Nassau County which were enacted in 2002 and are due to expire on December 31, 2012.

Summary of provisions

Section one extends the sections two, four and seven of Chapter 401 of 2002 until March 31, 2013.

Section two provides that the act shall take effect immediately.

Existing law

Chapter 401 of 2002 reshaped the assessment review procedure in Nassau County. This Chapter strengthened the Assessment Review Commission's (ARC) ability to review and resolve assessment challenges before the assessment roll becomes final. More specifically, section two of the Chapter retains the existing law's valuation date, but makes it applicable to the following year's final roll. This section also codified ARC's authority to accept and consider evidence of value as of the statutory valuation date based on conditions in existence at the time of the hearing.

Section four of Chapter 401 of 2002 provided that the tentative assessment roll shall be completed and verified as the final assessment roll on or before the first business day of April in the year following its initial publication.

Section seven of the Chapter provides that if there is a change in the exempt status, construction of new improvements or destruction of existing improvements between publication of the tentative assessment roll and the taxable status date for the following year, the Board of Assessors shall determine a new assessment or correct the exempt status of the property. The aforementioned provisions are due to expire and be deemed repealed on December 31, 2012, this bill would extend said provisions until March 31, 2013.

Justification

This bill extends until March 31, 2013 provisions in Chapter 401 of 2002 that are due to expire on December 31, 2012. This extension will provide the County with the necessary time to review the assessment procedure in Nassau County and to make necessary changes.

Legislative history

New bill.

Fiscal implications

None.

Effective date

Immediately.