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- Print number 5915b
- Amend and recommit to local government
- Referred to local government
- Print number 5915a
- Amend (t) and recommit to rules
- 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 "Mohawk Valley and Niagara county assessment relief act"
In Assembly Committee · Real Property Taxation · Sponsor Angelo Santabarbara
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5915B
Title of bill
An act to enact the "Mohawk Valley and Niagara county assessment relief act", and to amend the local finance law, in relation to real property tax refunds and credits in such county
Purpose or general idea of bill
Provides flood property assessment relief for certain real property in the counties of Herkimer, Madison, Montgomery, Niagara and Oneida. The purpose of this legislation is to offer tax assessment relief to those who were victims of floods which occurred in the Summer of 2013.
Summary of specific provisions
Section 1: Title.
Section 2: Definitions.
Section 3: Establishes a local option to participate in the program.
Section 4: Allows for the affected municipalities to reassess property that has been damaged by a flood.
Section 5: Develops a guidance memorandum for use by assessing units.
Section 6: Holds school districts harmless for the loss of STAR reimbursement by the state as a result of lowered assessments.
Section 7: Authorizes the use of bonds and requires defeasance.
Section 8: Establishes a ten year deadline to refund and/or credit real property tax.
Section 9: Defines the severability clause.
Section 10: Effective date.
Justification
In most upstate counties, a homeowner's property taxes are based upon the assessed value of their home as of a March 1st taxable status date. Between June 20, 2013 and July 7, 2013, five counties across New York State experienced flooding from their local rivers and streams, causing significant property damage.
Under current law, the owner of such property would still have to pay taxes based on the March 1st value of the property.
This legislation creates a local option allowing taxpayers from Herkimer, Madison, Montgomery, Niagara and Oneida counties, whose real property was seriously damaged to grieve their assessment to the local Board of Assessment Review. The Board will then revalue the property based on the value of the home after the flood. Furthermore, local assessors are authorized to request that assessments of seriously damaged homes be based on the after-flood value. This will allow those property owners to be fairly taxed.
Legislative history
New bill. Similar legislation was signed into law in 2005, 2007 and 2011.
Fiscal implications
To be determined.
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.