Senate Bill S5772

Vetoed By Governor
2013-2014 Legislative Session

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

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A7314 - Vetoed by Governor

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Vetoed By Governor
  • Signed By Governor

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2013-S5772 (ACTIVE) - Details

See Assembly Version of this Bill:
A7314
Law Section:
Real Property Tax Law
Laws Affected:
Amd §511, RPT L

2013-S5772 (ACTIVE) - Summary

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

2013-S5772 (ACTIVE) - Sponsor Memo

2013-S5772 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  5772

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              June 13, 2013
                               ___________

Introduced  by  Sen.  KLEIN  -- read twice and ordered printed, and when
  printed to be committed to the Committee on Cities

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

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Subdivision 2 of section 511 of the real property tax law
is amended by adding a new paragraph (c) to read as follows:
  (C) ASSESSMENT DISCLOSURE NOTIFICATION REQUIREMENTS; CERTAIN ASSESSING
UNITS. IN A SPECIAL ASSESSING UNIT THAT IS A CITY, AN ASSESSMENT DISCLO-
SURE NOTICE SHALL CONTAIN THE FOLLOWING:
  (I) PROPERTY IDENTIFICATION INFORMATION, INCLUDING ADDRESS, BLOCK, LOT
AND TAX CLASS;
  (II) FOR CLASS TWO PROPERTIES, A LIST  OF  THE  COMPARABLE  PROPERTIES
USED TO VALUE THE PROPERTIES;
  (III) THE MARKET VALUE OF THE PROPERTY;
  (IV) THE APPLICABLE ASSESSMENT RATIO;
  (V)  THE ACTUAL ASSESSED VALUE AS DETERMINED BY MULTIPLYING THE MARKET
VALUE BY THE ASSESSMENT RATIO;
  (VI) IF AN ASSESSMENT CAP OR A TRANSITIONAL ASSESSMENT PROCESS  IS  IN
USE, THE CAPPED OR TRANSITIONAL ASSESSMENT AND A DESCRIPTION OF SUCH CAP
OR  TRANSITIONAL ASSESSMENT INCLUDING THE PERCENTAGES AND LENGTH OF TIME
USED IN THEIR CALCULATION;
  (VII) A LIST OF APPLICABLE EXEMPTIONS, A DESCRIPTION OF EACH EXEMPTION
AND THE AMOUNT OF EACH EXEMPTION.
  S 2. Subdivision 9 of section 511 of the real  property  tax  law,  as
added  by  section  2  of  part  X of chapter 56 of the laws of 2010, is
amended to read as follows:
  9. A special assessing unit THAT IS NOT A CITY shall be deemed  to  be
in compliance with the provisions of this section if it provides assess-

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10331-05-3

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