S T A T E O F N E W Y O R K
________________________________________________________________________
1153
2009-2010 Regular Sessions
I N A S S E M B L Y
(PREFILED)
January 7, 2009
___________
Introduced by M. of A. SAYWARD, REILICH, KOLB, FINCH, ERRIGO, ESPAILLAT
-- Multi-Sponsored by -- M. of A. BACALLES, BUTLER, DUPREY, McDONOUGH,
TOWNSEND, WALKER -- read once and referred to the Committee on Real
Property Taxation
AN ACT to amend the real property tax law, in relation to real property
tax assessments
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. The real property tax law is amended by adding a new
section 306 to read as follows:
S 306. REASSESSMENT EVERY THREE YEARS. 1. WITHIN EVERY LEVEL OF
ASSESSING UNITS THERE SHALL BE A JURISDICTION WIDE REVALUATION, REAS-
SESSMENT OR UPDATE, AS DEFINED BY SUBDIVISION TWELVE-A OF SECTION ONE
HUNDRED TWO OF THIS CHAPTER, OF ALL REAL PROPERTY IN COMPLIANCE WITH
THIS ARTICLE NO LESS THAN EVERY THREE YEARS.
2. THE EXISTING ASSESSING METHODS IN EFFECT IN EACH ASSESSING UNIT ON
THE EFFECTIVE DATE OF THIS SECTION MAY CONTINUE; PROVIDED, HOWEVER THAT
ALL REAL PROPERTY NOT ASSESSED IN ACCORDANCE WITH THIS SECTION SHALL BE
REASSESSED WITHIN TWO YEARS OF THE EFFECTIVE DATE OF THIS SECTION AND
THAT ALL REAL PROPERTY RECENTLY ASSESSED IN ACCORDANCE WITH THE
PROVISIONS OF THIS SECTION SHALL BE REASSESSED WITHIN THREE YEARS OF THE
LAST DOCUMENTED ASSESSMENT.
S 2. This act shall take effect on the first of January next succeed-
ing the date on which it shall have become a law; provided, however that
effective immediately, the addition, amendment and/or repeal of any rule
or regulation necessary for the implementation of this act on its effec-
tive date is authorized and directed to be made and completed on or
before such effective date.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD03426-01-9