Assembly Bill A1334

2019-2020 Legislative Session

Relates to corrections to assessed values following proceedings to review tax assessments

download bill text pdf

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Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2019-A1334 (ACTIVE) - Details

Current Committee:
Assembly Real Property Taxation
Law Section:
New York City Administrative Code
Laws Affected:
Add §11-231.1, NYC Ad Cd
Versions Introduced in Other Legislative Sessions:
2013-2014: A8245
2015-2016: A2083
2017-2018: A4308
2021-2022: A37

2019-A1334 (ACTIVE) - Summary

Relates to corrections to assessed values following proceedings to review tax assessments.

2019-A1334 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1334
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 15, 2019
                                ___________
 
 Introduced  by M. of A. QUART -- read once and referred to the Committee
   on Real Property Taxation
 
 AN ACT to amend the administrative code of the  city  of  New  York,  in
   relation  to  corrections  to assessed values following proceedings to
   review tax assessments
 
   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 11-231.1 to read as follows:
   § 11-231.1 PROCEEDING TO REVIEW TAX ASSESSMENT; ASSESSED  VALUE.    A.
 THE  ASSESSED VALUATION OF REAL PROPERTY SHALL NOT BE INCREASED PRIOR TO
 THE FINAL DETERMINATION BY  THE  TAX  COMMISSION  WHERE  PROCEEDINGS  TO
 REVIEW  OR  CORRECT THE TAX ASSESSMENT HAVE BEEN COMMENCED BY THE FILING
 OF A PETITION WITH THE TAX COMMISSION IN ACCORDANCE WITH SECTION  11-231
 OF THIS SUBCHAPTER.
   B.  WHEN AN ASSESSMENT IS CORRECTED FOLLOWING PROCEEDINGS TO REVIEW OR
 CORRECT THE TAX ASSESSMENT OF REAL  PROPERTY,  SUCH  CORRECTED  ASSESSED
 VALUATION  SHALL  IMMEDIATELY  BE  USED  BY  THE  TAX COMMISSION AND THE
 DEPARTMENT OF FINANCE FOR THE YEAR FOR WHICH THE CORRECTION IS MADE  AND
 SHALL BE CONSIDERED A REBUTTABLE PRESUMPTION IN SUBSEQUENT YEARS.
   § 2. This act shall take effect immediately.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01418-01-9

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