Directs the commissioner of taxation and finance to promulgate a uniform assessment code

2 Co-sponsors

• William J. Larkin Jr.
• Diane J. Savino

BILL NUMBER:S1144 REVISED MEMO 01/29/2015

Title of bill

An act to amend the real property tax law, in relation to directing the commissioner of taxation and finance to establish a uniform assessment code

Purpose

Directs the commissioner of taxation and finance to promulgate a uniform assessment code that would set valuation and assessment standards to be enforced by the counties.

Summary of provisions

Section 1- Amends paragraphs m. n, o, and p of subdivision 1 of section 202 of the real property law as amended by section 6 of part W of chapter 56 of the laws of 2010 are amended and a new paragraph q is added.

Section 2- The real property tax law is amended by adding a new section 303 to the real property tax law, which provides that the commissioner shall promulgate a uniform assessment code that would include but not be limited to: standards for the valuation of property, maintenance of information, schedules for the appraisals of property and maintenance of uniformity of assessments. It also provides that the counties may chose to adopt this uniform assessment code for the cities, towns, and villages located within the county and could enforce the code by any appropriate means including through the equalization of individual assessments and the reappraisal of parcels.

Section 3- Contains the effective date.

Justification

Assessment practices and procedures vary considerably throughout New York State. These inconsistencies have resulted in similar properties being assessed and taxed differently from one assessing unit to another. This bill would require the State Board of Real Property Services to create standards in the areas of valuation, the maintenance of information, and schedules for appraisals of property and uniformity of assessments. This code would provide homogeneity and equity in the assessment of real property across the state to ensure property is assessed in the same manner regardless of where it is located.

Legislative history

2013/14: S. 1355 Referred to Local Government 2011-2012: S. 550 Referred to Local Government 2009-10: S.254 Local Government Committee 2008: S.8513 Rules Committee; A.11598 Ways & Means

Fiscal implications

None

Local fiscal implications

None.

Effective date

This act shall take effect immediately.