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S7466Senate2013-2014 SessionSame asA9155

Requires assessment disclosure notices in New York city to include a description of the method of assessment

Sponsor Jeffrey D. KleinSD-34Affects Finance
Status
Vetoed
Impact
Pending
Outcome
Vetoed

Bill progress

Vetoed

What's happening

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Who cares

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Sponsors

Primary sponsor
Jeffrey D. Klein

Senator · Senate District 34

No co-sponsors yet.

History

  1. Vetoed memo.523
  2. Delivered to governor
  3. Returned to senate
  4. Passed assembly
  5. Ordered to third reading rules cal.604
  6. Substituted for A9155
  7. Referred to ways and means
  8. Delivered to assembly
  9. Passed senateVote 56–1
  10. Ordered to third reading cal.1411
  11. Committee discharged and committed to rules
  12. 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.

A9155Assembly

Requires assessment disclosure notices in New York city to include a description of the method of assessment

Assembly Floor Calendar · Sponsor Dan Quart

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

BILL NUMBER:S7466

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 section 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

Similar to S. 5772 of 2013

FISCAL IMPLICATIONS:None.

Effective date

This act shall take effect July 1, 2015.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.