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Sponsors
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History
- Substituted by A7314A
- Ordered to third reading cal.1510
- Committee discharged and committed to rules
- Referred to cities
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.
Requires assessment disclosure notices in New York City to include a description of the method of assessment
Vetoed · Sponsor Dan Quart
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5772
Title of bill
An act to amend the real property tax law, in relation to requiring assessment disclosure notices in New York city to include a description of the method of assessment
Purpose or general idea of bill
To ensure that all New York City residents are notified of the method used to assess their property.
Summary of specific provisions
Section 1 amends subdivision 2 of section 511 of the real property tax law by adding new paragraph (c) which will require a description of how a property assessment was performed, including the details of any Properties used as comparatives.
Section 2 amends subdivision 9 of 511 of the real property tax law by amending by part x of chapter 56 of the laws of 2010 to determine that any special assessing unit that is not a city shall be in compliance with the Provisions.
Section 3 contains the effective date.
Justification
Assessment procedures for real property are both complicated and opaque. Providing a more detailed Notice of Property Value from the Department of Finance to New York City homeowners will give them access to the information they need .to determine whether their property has been assessed fairly.
Prior legislative history
New legislation.
Fiscal implications
None.
Effective date
This act shall take effect July 1, 2014.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.