What's happening
This bill requires that, in certain New York City property tax assessment court cases, respondents must disclose their valuation methods, capitalization rates, and related data to petitioners.
Why it matters
Levels the playing field for property owners. By requiring respondents (usually the city or its agencies) to disclose exactly how they calculated property values—including the methods, capitalization rates, and data—petitioners (property owners challenging their assessment) gain insight into the case they must address, making challenges potentially more fair and informed.
Promotes transparency and accountability. The bill compels the government to reveal the reasoning and numbers behind tax assessments, reducing the risk of arbitrary or inconsistent valuations and enabling public scrutiny of assessment practices.
May improve the quality and efficiency of litigation. With early access to the city’s valuation methods, petitioners can better prepare their arguments or settlements, possibly reducing unnecessary court time and encouraging more accurate and efficient resolution of disputes.
Applies retroactively to pending cases. The new disclosure requirements affect not just future cases, but also any ongoing court proceedings, potentially changing the landscape for current property tax disputes and giving current petitioners new opportunities to contest their assessments.
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Who cares
Headline styles
Disclose Property Assessment Methods
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Reported referred to codes
- Referred 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.
Disclose Property Tax Methods
In Senate Committee · Cities · Sponsor Leroy Comrie
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
3242
2019-2020 Regular Sessions
IN ASSEMBLY
January 29, 2019
Introduced by M. of A. DICKENS -- read once and referred to the Committee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to requiring the disclosure to the petitioner of the assessing method, capitalization rate, and certain other information used to determine valuation by the respondent in a judicial proceeding brought to review an assessment of real property in a city having a population of one million or more
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Subdivision 2 of section 714 of the real property tax law is amended to read as follows:
2. If the respondent has not served an answer or moved to dismiss the petition prior to the service of a note of issue, except as hereinbefore provided, in order to raise an objection to the sufficiency of the petition or assert an affirmative defense upon the hearing, he or she must serve upon the petitioner within forty days after the service of a note of issue, a notice containing a statement of the nature of such objection or such defense, unless for good cause the time to serve such notice is extended by the court or a justice thereof, on an order to show cause. Unless the petitioner and respondent stipulate in writing for a hearing at an earlier date, no hearing shall be held less than thirty days after service of such notice upon the petitioner. The answer or notice served pursuant to the provisions of this subdivision shall disclose the assessing method used, any capitalization rate used, and any other data or formula used to determine the valuation of the real property.
§ 2. This act shall take effect on the thirtieth day after it shall have become a law and shall apply to proceedings commenced or pending on or after its effective date, and, in addition, the disclosure of the information required to be disclosed by the amendment made to subdivision 2 of section 714 of the real property tax law by section one of
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD06507-01-9
A. 3242 2
this act shall, if the time for such disclosure pursuant to the provisions of such subdivision 2 has passed in a proceeding pending on the effective date of this act, be made within thirty days of the effective date of this act, and the petitioner shall have a continuance of thirty days from receipt thereof to review such disclosures and submit or modify such documents or other evidence, or make such motions, as such disclosures may prompt.
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.