NY State Senate Bill 2023-S6258

Senate Bill S6258

2023-2024 Legislative Session

Requires every assessing unit to conduct a revaluation of assessment at least every eight years

download bill text pdf

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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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 03, 2024	referred to local government
Apr 10, 2023	referred to local government

2023-S6258 (ACTIVE) - Details

See Assembly Version of this Bill:: A1293
Current Committee:: Senate Local Government
Law Section:: Real Property Tax Law
Laws Affected:: Add §306, RPT L
Versions Introduced in Other Legislative Sessions:: 2011-2012: A9038
2013-2014: A1834
2015-2016: A4375
2017-2018: A2873
2019-2020: A2790
2021-2022: S7140, A3490
2025-2026: S6544, A3811

2023-S6258 (ACTIVE) - Summary

Requires every assessing unit to conduct a revaluation of assessment at least every eight years.

2023-S6258 (ACTIVE) - Sponsor Memo

                                 
BILL NUMBER: S6258

SPONSOR: SANDERS
 
TITLE OF BILL:

An act to amend the real property tax law, in relation to requiring
every assessing unit to conduct a revaluation of assessment at least
every eight years

 
PURPOSE OR GENERAL IDEA OF BILL:

The purpose of this legislation is to require every assessing unit to
conduct a revaluation of assessment at least once every eight years.

 
SUMMARY OF PROVISIONS:

SECTION 1. The Real Property Tax Law is amended by adding a new section
306, which states that every assessing unit shall conduct a revaluation
of assessments in its jurisdiction at least once every eight year.

SECTION 2. Establishes the effective date.

 
JUSTIFICATION:

Currently, in New York State, assessing units are not required to
conduct cyclical reassessments. As a result, reassessment activity is
very inconsistent across the State. Some assessing units conduct reas-
sessments annually, while others have not reassessed since the early
part of the 20th century. The lack of consistency creates confusion
among taxpayers and inequitable assessments.

Furthermore, as indicated in the Journal of Property Tax Assessment &
Administration, Volume 7, Issue 4, over 31 states have a state law that
requires a periodic reappraisal of property. Depending on the state,
these reappraisals can range from annually to once every five years, and
they are performed by the locality or by the state. This legislation
would require that all assessing units conduct regular assessment to
ensure that properties are assessed fairly, regardless of where they are
located.

While there are costs associated with performing reassessments, some
relief may be granted through New York State's "Aid for Cyclical Reas-
sessments" program, which requires reappraisals be made at least once
every four years to meet eligibility. Lastly, the effective date on this
legislation has been set for 2025 to allow ample time for municipalities
to budget accordingly, and to ensure that the first reassessment is
successfully completed.

 
PRIOR LEGISLATIVE HISTORY:

A.3490-A of 2021/2022

A.2790 of 2019/2020

A.2873 of 2017/2018

A.4375-A of 2015/2016

A.1834 of 2013/2014
A.9038 of 2011/2012

 
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:

There is a cost associated with the passage of this legislation however
the exact figure is not known at this time.

 
EFFECTIVE DATE:
This act shall take effect January 1, 2026 and shall be applicable to
final assessment rolls filed on an after such date.

2023-S6258 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6258
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                              April 10, 2023
                                ___________
 
 Introduced  by  Sen. SANDERS -- 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,  in  relation  to  requiring
   every  assessing  unit to conduct a revaluation of assessment at least
   every eight years

   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. EVERY ASSESSING UNIT SHALL CONDUCT A  REVALU-
 ATION  OF  ASSESSMENTS  IN  ITS  JURISDICTION AT LEAST ONCE EVERY EIGHTH
 YEAR.
   § 2. This act shall take effect January 1, 2028 and shall be  applica-
 ble  to  final assessment rolls filed on and after such date.  Effective
 immediately, the addition, amendment and/or repeal of any rule or  regu-
 lation  necessary  for  the  implementation of this act on its effective
 date are authorized 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.
                                                            LBD05593-01-3

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