S T A T E O F N E W Y O R K
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9242
2009-2010 Regular Sessions
I N A S S E M B L Y
November 9, 2009
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Introduced by M. of A. McDONOUGH -- read once and referred to the
Committee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to providing an
optional prepayment of property taxes in monthly payments
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 510-b to read as follows:
S 510-B. OPTIONAL PREPAYMENT OF PROPERTY TAXES IN MONTHLY PAYMENTS.
NOTWITHSTANDING THE PROVISIONS OF ANY GENERAL, SPECIAL OR LOCAL LAW TO
THE CONTRARY, THE LEGISLATIVE BODY OF TOWNS, COUNTIES OR CITIES, HAVING
POWER TO DETERMINE THE TAXABLE STATUS OF PROPERTY FOR TAX PURPOSES MAY
BY RESOLUTION PROVIDE PROPERTY OWNERS THE OPTION OF MAKING PREPAYMENTS
OF PROPERTY TAXES IN TEN MONTHLY PAYMENTS BEGINNING ON THE FIRST OF JUNE
OF THE YEAR IN WHICH THE TAX BILL IS PREPARED AND ENDING ON THE FIRST OF
MARCH OF THE FOLLOWING YEAR. THE FIRST NINE MONTHLY PAYMENTS SHALL EACH
BE IN AN AMOUNT EQUAL TO TEN PERCENT OF THE PRIOR YEAR'S PROPERTY TAX
BILL AND THE FINAL PAYMENT ON THE FIRST OF MARCH SHALL BE IN AN AMOUNT
EQUAL TO THE BALANCE OF THE TAX DUE.
S 2. This act shall take effect on the second of January next succeed-
ing the date on which it shall have become a law and apply to assessment
rolls based upon taxable status dates occurring on or after such date.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD14967-01-9