What's happening
This bill requires NYC landlords to inform tenants of the portion of their rent that covers property taxes.
Why it matters
Increases transparency for tenants. by clearly showing how much of their rent goes toward property taxes, helping renters understand what drives their housing costs and potentially informing their views on local tax policy.
May influence public debate on property taxation. in NYC, as tenants—who make up a large share of the city’s population—will be more aware of the impact of property tax rates and changes, possibly increasing pressure on lawmakers or city officials.
Could affect landlord-tenant relationships. by providing tenants with new information that might be used in rent negotiations or disputes, especially in cases where property taxes are a significant portion of total rent.
Promotes accountability for both landlords and the city. by requiring landlords to use standardized calculations based on official city documents, reducing the risk of misinformation and providing a check on both landlord practices and city tax assessments.
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History
- Referred to housing
- Referred to housing
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
1336
2019-2020 Regular Sessions
IN ASSEMBLY
January 15, 2019
Introduced by M. of A. QUART -- read once and referred to the Committee on Housing
AN ACT to amend the real property law, in relation to requiring landlords to include a line on the rent bill stating the amount of rent which represents the tenant's portion of property taxes for the premises
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. The real property law is amended by adding a new section 235-h to read as follows:
§ 235-h. Statement of tenant's portion of property taxes. In a city with a population of one million or more, a landlord shall notify his or her tenants of the portion of their rent which represents such tenant's portion of property taxes for the premises. Such notice shall be sent on either an annual or monthly basis. The tenant's portion of property taxes shall be calculated by dividing the annual property tax as listed on the most recent quarterly statement from the New York City department of finance by twelve to determine the total monthly property tax, then by the total number of units, as listed on the annual notice of property value, to determine the monthly property tax burden for each unit. The notice shall include the statement: "This is the portion of your monthly rent which represents your portion of taxes on these premises, calculated by dividing the total monthly property tax burden for the premises by the total number of units on the premises and the total monthly property tax." Landlords who send a rent bill may include this statement on the rent bill.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD01350-01-9
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.