S T A T E O F N E W Y O R K
________________________________________________________________________
6544
2025-2026 Regular Sessions
I N S E N A T E
March 17, 2025
___________
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, 2030 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.
LBD06426-01-5