What's happening
This bill amends real property tax law to exempt assessors from entering mortgage institutions or their agents as tax billing addresses.
Why it matters
Shifts administrative responsibility away from local assessors. by no longer requiring them to enter mortgage institutions or their agents as the tax billing address, potentially streamlining assessor workloads and reducing errors or disputes over billing information.
Could impact homeowners with mortgages. whose tax bills often go directly to their lender for escrow payment; this change may require property owners to take a more active role in ensuring their taxes are paid on time and correctly.
Alters communication flow between municipalities, lenders, and taxpayers. , possibly increasing the risk that property owners miss critical tax notices if their address is not updated or maintained properly.
May reduce influence or involvement of mortgage servicers in property tax processes. , emphasizing the taxpayer’s direct responsibility for receiving and managing property tax bills.
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Who cares
Local assessors
The bill would exempt them from having to enter a new tax billing address when that address is a mortgage investing institution or its agent.
Mortgage investing institutions and their agents
Assessors would no longer be required to enter tax billing addresses identifying these institutions or agents.
Property owners with mortgage-related tax billing addresses
The bill would remove the requirement for assessors to record those addresses, while leaving unchanged the prohibition on changing the owner's name under this section.
Headline styles
Limit Tax Address Changes
Plain English, a few words. Used as the page title.
Sponsors
7 Co-sponsors
3 Multi-sponsors
History
- Tabled
- Vetoed memo.157
- Delivered to governor
- Returned to assembly
- Passed senateVote 62–0
- 3rd reading cal.796
- Substituted for S5400A
- Referred to rules
- Delivered to senate
- Passed assembly
- Ordered to third reading rules cal.471
- Rules report cal.471
Show 6 earlier actions
- Reported
- Reported referred to rules
- Reported referred to ways and means
- Print number 2438a
- Amend and recommit to real property taxation
- Referred to real property taxation
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.
Limit Tax Address Changes
Senate Floor Calendar · Sponsor William J. Larkin Jr.
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
2438--A
2017-2018 Regular Sessions
IN ASSEMBLY
January 20, 2017
Introduced by M. of A. SKOUFIS, FINCH, MONTESANO, RAIA, BRABENEC, MAGNARELLI, STIRPE, FRIEND -- Multi-Sponsored by -- M. of A. BARCLAY, BUCHWALD, MAGEE -- read once and referred to the Committee on Real Property Taxation -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee
AN ACT to amend the real property tax law, in relation to tax billing addresses
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Section 518 of the real property tax law, as amended by chapter 145 of the laws of 1990, is amended to read as follows:
§ 518. Change in tax billing address. Where the assessor receives a report of a transfer occurring after the taxable status date, or is otherwise notified of a change in tax billing address, the assessor shall enter the new tax billing address on the data file, as that term is defined in section fifteen hundred eighty-one of this chapter. Where no such data file exists, the assessor shall enter the new tax billing address on the assessment roll. If the assessor does not have custody of the assessment roll when such report is received, he or she shall report the new tax billing address to the person having custody of the tax roll, which person shall enter the new tax billing address on the tax roll. Nothing contained herein shall be construed to authorize a change of the name of the owner included in the data file or appearing on the roll. Where such "tax billing address" is a mortgage investing institution or agent thereof, the assessor shall not be required to make an entry.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD03993-02-7
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.