S T A T E O F N E W Y O R K
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125
2017-2018 Regular Sessions
I N A S S E M B L Y
(PREFILED)
January 4, 2017
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Introduced by M. of A. CAHILL -- Multi-Sponsored by -- M. of A. GALEF,
GOTTFRIED -- 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:
§ 306. ASSESSMENT CYCLE. IN ACCORDANCE WITH A RESOLUTION ESTABLISHING
A PERIODIC ASSESSMENT CYCLE BY THE GOVERNING BODY OF THE MUNICIPAL
CORPORATION AND IN ACCORDANCE WITH THE RULES OF THE COMMISSIONER, EVERY
ASSESSING UNIT SHALL UPDATE THE ASSESSMENTS IN ITS JURISDICTION NOT LESS
THAN ONCE EVERY FIFTH YEAR AFTER THE EFFECTIVE DATE OF THIS SECTION.
SUCH UPDATE SHALL BE BASED ON THE VALUATION DATE, TAXABLE STATUS DATE
AND ASSESSMENT METHODS AND STANDARDS AS PROVIDED IN THIS TITLE.
§ 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 are 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.
LBD01636-01-7