senate Bill S5771

Vetoed By Governor
2013-2014 Legislative Session

Requires assessment-rolls to be published and searchable on the department of finance website

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Archive: Last Bill Status Via A7327 - Vetoed by Governor


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

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Nov 14, 2013 tabled
Nov 13, 2013 vetoed memo.244
Nov 01, 2013 delivered to governor
Jun 20, 2013 returned to assembly
passed senate
3rd reading cal.1509
substituted for s5771
Jun 20, 2013 substituted by a7327a
ordered to third reading cal.1509
committee discharged and committed to rules
Jun 13, 2013 referred to cities

Votes

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S5771 - Bill Details

See Assembly Version of this Bill:
A7327A
Law Section:
New York City Administrative Code
Laws Affected:
Add ยง11-218.1, NYC Ad Cd

S5771 - Bill Texts

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Requires assessment-rolls to be published and searchable on the department of finance website.

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BILL NUMBER:S5771

TITLE OF BILL: An act to amend the administrative code of the city of
New York, in relation to requiring assessment-rolls to be published on
the department of finance website

PURPOSE OR GENERAL IDEA OF BILL: To provide individuals with
information included in the assessment rolls in an accessible format.

SUMMARY OF SPECIFIC PROVISIONS:

Section 1 amends the administrative code of the City of New York by
adding a new section 11-218.1 which will require the Commissioner of
Finance to publish assessment rolls on the Department of Finance
website in a manner to allow visitors to search information easily.

The commissioner of finance shall publish information regarding how a
property is derived on the website in a searchable database.

The information published shall contain address, block, lot, and tax
class and a list of comparable properties that the assessors nave used
for class one and two properties, the base and overall capitalization
rates for class four properties, the fair market value, the target
assessment ration, the actual assessed value, whether an assessment
cap or transitional assessment Process is in use, the assessed value
with the cap or transition, a list of applicable exemptions, the
taxable assessed value, the nominal tax rate, the base tax liability
and a list of abatements applied and the amount of each abatement.

Section 2 contains the effective date.

JUSTIFICATION: Currently, taxpayers do not have easy access to the
information used to assess their property. By allowing taxpayers to
search the assessment roll online, instead of requiring them to
download the entire database will ensure that the assessment process
is transparent to taxpayers in a meaningful way.

PRIOR LEGISLATIVE HISTORY: This is a new bill.

FISCAL IMPLICATIONS: None.

EFFECTIVE DATE: This bill would rake effect on the two hundred
seventieth day after it shall have become a law.

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

                                  5771

                       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 administrative code of the  city  of  New  York,  in
  relation  to requiring assessment-rolls to be published on the depart-
  ment of finance website

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

  Section  1. The administrative code of the city of New York is amended
by adding a new section 11-218.1 to read as follows:
  S 11-218.1 ASSESSMENT-ROLLS;  PUBLICATION.  A.  THE  COMMISSIONER   OF
FINANCE  SHALL PUBLISH THE ASSESSMENT-ROLLS ON THE DEPARTMENT OF FINANCE
WEBSITE IN SUCH A MANNER AS TO ALLOW VISITORS TO THE WEBSITE  TO  SEARCH
FOR INFORMATION CONTAINED WITHIN SUCH ASSESSMENT-ROLLS.
  B. THE COMMISSIONER OF FINANCE SHALL PUBLISH INFORMATION REGARDING HOW
A PROPERTY ASSESSMENT IS DERIVED ON THE DEPARTMENT OF FINANCE WEBSITE IN
A SEARCHABLE DATABASE.
  C.  THE  ASSESSMENT-ROLLS  AND ONLINE SEARCHABLE DATABASE PUBLISHED IN
ACCORDANCE WITH THIS SECTION SHALL, AT A MINIMUM, CONTAIN THE  FOLLOWING
INFORMATION:
  (1)  PROPERTY  INFORMATION,  INCLUDING  ADDRESS,  BLOCK,  LOT, AND TAX
CLASS;
  (2) A LIST OF THE COMPARABLE PROPERTIES THAT THE ASSESSORS  HAVE  USED
FOR ASSESSMENT FOR CLASS ONE AND TWO PROPERTIES;
  (3)  THE  BASE AND OVERALL CAPITALIZATION RATES FOR CLASS FOUR PROPER-
TIES;
  (4) THE FAIR MARKET VALUE;
  (5) THE TARGET ASSESSMENT RATIO;
  (6) THE ACTUAL ASSESSED VALUE, AS DETERMINED BY MULTIPLYING  THE  FAIR
MARKET VALUE BY THE TARGET ASSESSMENT RATIO;

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10199-03-3

S. 5771                             2

  (7) WHETHER AN ASSESSMENT CAP OR TRANSITIONAL ASSESSMENT PROCESS IS IN
USE,  AND  THE PERCENTAGE OF SUCH CAP OR THE LENGTH OF TIME USED FOR THE
TRANSITION;
  (I) THE ASSESSED VALUE WITH THE CAP OR TRANSITION;
  (II) A LIST OF APPLICABLE EXEMPTIONS AND THE AMOUNT OF EACH EXEMPTION.
EACH EXEMPTION SHOULD BE LINKED TO A FULL DESCRIPTION OF THE EXEMPTION;
  (III) THE TAXABLE ASSESSED VALUE;
  (IV) THE NOMINAL TAX RATE;
  (V)  THE  BASE TAX LIABILITY, AS DETERMINED BY MULTIPLYING THE TAXABLE
ASSESSED VALUE BY THE NOMINAL TAX RATE;
  (VI) A LIST OF ABATEMENTS APPLIED AND THE AMOUNT  OF  EACH  ABATEMENT.
EACH ABATEMENT SHOULD BE LINKED TO A FULL DESCRIPTION OF THE ABATEMENT;
  (VII) THE FINAL TAX BILL; AND
  (VIII) THE EFFECTIVE TAX RATE, AS DETERMINED BY DIVIDING THE FINAL TAX
BILL BY THE FAIR MARKET VALUE.
  S  2.  This  act  shall  take effect on the two hundred seventieth day
after it shall have become a law.

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