Senate Bill S1112

2021-2022 Legislative Session

Relates to classifying properties held in condominium and cooperative form for assessment purposes as class one-a properties; repealer

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Local Government 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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2021-S1112 (ACTIVE) - Details

Current Committee:
Senate Local Government
Law Section:
Real Property Tax Law
Laws Affected:
Rpld §581, amd RPT L, generally; amd §§11-208.1, 11-238, 11-319, 11-320, 11-354, 11-401, 11-401.1, 11-404 & 11-405, NYC Ad Cd; amd §339-y, RP L
Versions Introduced in Other Legislative Sessions:
2019-2020: S5749
2023-2024: S2205

2021-S1112 (ACTIVE) - Summary

Classifies properties held in condominium and cooperative form for assessment purposes as class one-a properties; requires that the annual tax rate percentage change for class one-a properties does not exceed the annual tax rate percentage change for class one properties.

2021-S1112 (ACTIVE) - Sponsor Memo

2021-S1112 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1112
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                              January 7, 2021
                                ___________
 
 Introduced  by  Sen.  LIU  --  read  twice and ordered printed, and when
   printed to be committed to the Committee on Local Government
 
 AN ACT to amend the real property tax law, the  administrative  code  of
   the city of New York and the real property law, in relation to classi-
   fying  properties held in condominium and cooperative form for assess-
   ment purposes  as  class  one-a  properties;  and  to  repeal  certain
   provisions of the real property tax law relating thereto
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 1 of section 1802 of the real property tax law,
 as separately amended by chapters 123 and 529 of the laws of 1990, para-
 graph class one as amended by chapter  332  of  the  laws  of  2008,  is
 amended to read as follows:
   1.  All  real property, for the purposes of this article, in a special
 assessing unit shall be classified as follows:
   Class one: (a) all one, two and three family residential real  proper-
         ty,  including  such  dwellings  used in part for nonresidential
         purposes but which are used primarily for residential  purposes,
         except such property held in cooperative or condominium forms of
         ownership  other  than (i) property defined in subparagraphs (b)
         and (c) of this paragraph and (ii) property  which  contains  no
         more  than  three  dwelling  units  held  in condominium form of
         ownership and which was classified within this class on a previ-
         ous assessment roll;  and  provided  that,  notwithstanding  the
         provisions of paragraph (g) of subdivision twelve of section one
         hundred  two  of  this chapter, a mobile home or a trailer shall
         not be classified within this class unless it is  owner-occupied
         and  separately  assessed; and (b) residential real property not
         more than three stories in height held in  condominium  form  of
         ownership, provided that no dwelling unit therein previously was
         on an assessment roll as a dwelling unit in other than condomin-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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