Assembly Bill A7314A

Vetoed By Governor
2013-2014 Legislative Session

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

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Archive: Last Bill Status - 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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Bill Amendments

2013-A7314 - Details

See Senate Version of this Bill:
S5772
Law Section:
Real Property Tax Law
Laws Affected:
Amd §511, RPT L

2013-A7314 - Summary

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

2013-A7314 - Bill Text download pdf 

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

                                  7314

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                              May 10, 2013
                               ___________

Introduced  by M. of A. QUART -- read once and referred to the Committee
  on Real Property Taxation

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) NOTICE OF METHOD OF ASSESSMENT. IN A CITY WITH A POPULATION OF ONE
MILLION OR MORE, SUCH NOTICE SHALL INCLUDE A  DESCRIPTION  OF  HOW  SUCH
ASSESSMENT  WAS DERIVED, INCLUDING THE DETAILS OF ANY PROPERTIES USED AS
COMPARATIVES.
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10331-02-3

2013-A7314A (ACTIVE) - Details

See Senate Version of this Bill:
S5772
Law Section:
Real Property Tax Law
Laws Affected:
Amd §511, RPT L

2013-A7314A (ACTIVE) - Summary

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

2013-A7314A (ACTIVE) - Bill Text download pdf 

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

                                 7314--A

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                              May 10, 2013
                               ___________

Introduced  by M. of A. QUART -- read once and referred to the Committee
  on Real Property  Taxation  --  committee  discharged,  bill  amended,
  ordered reprinted as amended and recommitted to said committee

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:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10331-04-3

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