senate Bill S2993

2013-2014 Legislative Session

Relates to establishing a new classification for properties held in condominium and cooperative form for assessment purposes

download bill text pdf

Sponsored By

Archive: Last Bill Status -

  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to cities
Jan 28, 2013 referred to cities

S2993 - Details

See Assembly Version of this Bill:
Law Section:
Real Property Tax Law
Laws Affected:
Amd §§1802, 1805, 467-a, 499-aaa, 499-aaaa, 522, 523-b, 701 & 720, RPT L; amd NYC Ad Cd, generally; amd §§163 & 164-b, NYC Chart
Versions Introduced in 2011-2012 Legislative Session:
S7770, A10737

S2993 - Summary

Relates to establishing a new classification for properties held in condominium and cooperative form for assessment purposes.

S2993 - Sponsor Memo

S2993 - Bill Text download pdf

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


                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            January 28, 2013

Introduced  by Sen. STAVISKY -- 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, the  administrative  code  of
  the  city  of  New  York and the New York city charter, in relation to
  establishing a new classification of properties for properties held in
  condominium and cooperative form for assessment purposes


  Section 1. Subdivision 1 of section 1802 of the real property tax law,
as separately amended by chapters 123 and 529 of the laws of 1990, para-
graph  class  one  as  amended  by  chapter  332 of the laws of 2008, is
amended to read as follows:
  1. All real property, for the purposes of this article, in  a  special
assessing unit shall be classified as follows:
  Class  one: (a) all one, two and three family residential real proper-
        ty, including such dwellings used  in  part  for  nonresidential
        purposes  but which are used primarily for residential purposes,
        except such property held in cooperative or condominium forms of
        ownership other than (i) property defined in  subparagraphs  (b)
        and  (c)  of  this paragraph and (ii) property which contains no
        more than three dwelling  units  held  in  condominium  form  of
        ownership and which was classified within this class on a previ-
        ous  assessment  roll;  and  provided  that, notwithstanding the
        provisions of paragraph (g) of subdivision twelve of section one
        hundred two of this chapter, a mobile home or  a  trailer  shall
        not  be classified within this class unless it is owner-occupied
        and separately assessed; and (b) residential real  property  not
        more  than  three  stories in height held in condominium form of
        ownership, provided that no dwelling unit therein previously was
        on an assessment roll as a dwelling unit in other than condomin-
        ium  form  of  ownership;  and  (c)  residential  real  property

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


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