S T A T E O F N E W Y O R K
________________________________________________________________________
1269
2021-2022 Regular Sessions
I N A S S E M B L Y
January 8, 2021
___________
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 information required to be included in the notice of prop-
erty value sent to owners of real property
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivision b of section 11-207.1 of the administrative
code of the city of New York, as added by local law number 52 of the
city of New York for the year 2013, is amended to read as follows:
b. The notice of property value sent by the department to an owner of
real property shall inform such owner how to access additional informa-
tion on the website of the department regarding valuation of the subject
real property, including the factors used by the department to determine
the market value of such real property. The notice of property value
shall include the address of such website. Such information shall be
made available at least thirty days prior to the final date for filing
any appeal. THE NOTICE OF PROPERTY VALUE SENT BY THE DEPARTMENT PURSU-
ANT TO THIS SUBDIVISION SHALL INCLUDE THE SPECIFIC FORMULAS, DATA SOURC-
ES, AND VALUES USED TO DETERMINE THE RATES OF CAPITALIZATION FOR THE
REAL PROPERTY VALUATION OR THE SPECIFIC WEB ADDRESS WHERE SUCH INFORMA-
TION IS AVAILABLE.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD01618-01-1