assembly Bill A4752A

2019-2020 Legislative Session

Requires assessors using the comparable sales method for assessments to consider certain comparable properties in formulating the assessment

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Archive: Last Bill Status - Passed Assembly

  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (22)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 22, 2020 referred to local government
delivered to senate
passed assembly
Jan 13, 2020 amended on third reading 4752c
Jan 08, 2020 ordered to third reading cal.181
returned to assembly
died in senate
Jun 14, 2019 committed to rules
substitution reconsidered
Jun 11, 2019 3rd reading cal.803
substituted for s5674
Jun 04, 2019 referred to rules
delivered to senate
passed assembly
May 30, 2019 advanced to third reading cal.506
reported
May 02, 2019 print number 4752b
May 02, 2019 amend and recommit to ways and means
Apr 30, 2019 reported referred to ways and means
Apr 25, 2019 print number 4752a
Apr 25, 2019 amend (t) and recommit to real property taxation
Feb 05, 2019 referred to real property taxation

Bill Amendments

Original
A
B
C (Active)
Original
A
B
C (Active)

A4752 - Details

Current Committee:
Senate Local Government
Law Section:
Real Property Tax Law
Laws Affected:
Add §305-a, RPT L
Versions Introduced in 2021-2022 Legislative Session:
A894

A4752 - Summary

Requires assessors using the comparable sales method for assessments to consider certain comparable properties in formulating the assessment.

A4752 - Bill Text download pdf 


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  4752

                       2019-2020 Regular Sessions

                          I N  A S S E M B L Y

                            February 5, 2019
                               ___________

Introduced  by  M.  of  A.  ZEBROWSKI  --  read once and referred to the
  Committee on Real Property Taxation

AN ACT to amend the real property tax  law,  in  relation  to  requiring
  assessors using the comparable sales method for assessments to consid-
  er certain comparable properties in formulating the assessment

  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 305-a to read as follows:
  §  305-A.  ASSESSMENT  USING THE COMPARABLE SALES METHOD. AN ASSESSOR,
WHEN DETERMINING THE VALUE OF A PROPERTY USING A COMPARABLE SALES  METH-
OD,  SHALL  CONSIDER  THE  FOLLOWING WHEN SELECTING APPROPRIATE SALES OR
RENTALS COMPARABLE TO THE PROPERTY BEING ASSESSED:
  1. SALES OR RENTALS OF PROPERTIES EXHIBITING SIMILAR USE IN  THE  SAME
REAL ESTATE MARKET SEGMENT. COMPARABLE PROPERTIES SHOULD INCLUDE PROPER-
TIES LOCATED IN PROXIMATE LOCATION TO THE PROPERTY BEING ASSESSED UNLESS
THE  ASSESSOR  IS UNABLE TO FIND AN ADEQUATE NUMBER OF APPROPRIATE SALES
OR RENTALS; AND
  2. SALES OR RENTALS OF PROPERTIES THAT ARE SIMILAR IN AGE,  CONDITION,
USE,  TYPE  OF  CONSTRUCTION,  LOCATION,  DESIGN,  PHYSICAL FEATURES AND
ECONOMIC CHARACTERISTICS INCLUDING SIMILARITIES IN OCCUPANCY AND  INCOME
GENERATING POTENTIAL.
  § 2. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07560-01-9

A4752A - Details

Current Committee:
Senate Local Government
Law Section:
Real Property Tax Law
Laws Affected:
Add §305-a, RPT L
Versions Introduced in 2021-2022 Legislative Session:
A894

A4752A - Summary

Requires assessors using the comparable sales method for assessments to consider certain comparable properties in formulating the assessment.

A4752A - Bill Text download pdf 


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 4752--A

                       2019-2020 Regular Sessions

                          I N  A S S E M B L Y

                            February 5, 2019
                               ___________

Introduced  by  M.  of  A.  ZEBROWSKI  --  read once and referred to the
  Committee on Real Property  Taxation  --  committee  discharged,  bill
  amended,  ordered reprinted as amended and recommitted to said commit-
  tee

AN ACT to amend the real property tax  law,  in  relation  to  requiring
  assessors  using  the  comparable sales, income capitalization or cost
  method for assessments to consider certain  comparable  properties  in
  formulating the assessment

  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 305-a to read as follows:
  §  305-A. ASSESSMENT USING THE COMPARABLE SALES, INCOME CAPITALIZATION
OR COST METHOD. WHEN DETERMINING THE  VALUE  OF  A  PROPERTY  USING  THE
COMPARABLE  SALES,  INCOME  CAPITALIZATION OR COST METHOD, THE FOLLOWING
SHALL BE CONSIDERED WHEN SELECTING APPROPRIATE SALES OR RENTALS COMPARA-
BLE TO THE SUBJECT PROPERTY:
  1. SALES OR RENTALS OF PROPERTIES EXHIBITING SIMILAR  CURRENT  USE  OR
THE  USE  AT  THE  TIME  OF SALE IN THE SAME REAL ESTATE MARKET SEGMENT.
COMPARABLE PROPERTIES SHOULD INCLUDE  PROPERTIES  LOCATED  IN  PROXIMATE
LOCATION TO THE SUBJECT PROPERTY UNLESS THERE IS AN INADEQUATE NUMBER OF
APPROPRIATE SALES OR RENTALS WITHIN THE SAME MARKET SEGMENT; AND
  2.  SALES OR RENTALS OF PROPERTIES THAT ARE SIMILAR IN AGE, CONDITION,
CURRENT USE OR THE USE AT  THE  TIME  OF  SALE,  TYPE  OF  CONSTRUCTION,
LOCATION, DESIGN, PHYSICAL FEATURES AND ECONOMIC CHARACTERISTICS INCLUD-
ING SIMILARITIES IN OCCUPANCY AND INCOME GENERATING POTENTIAL.
  § 2. This act shall take effect immediately and shall apply to assess-
ment roles prepared on or after January 1, 2020.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07560-02-9

Co-Sponsors

A4752B - Details

Current Committee:
Senate Local Government
Law Section:
Real Property Tax Law
Laws Affected:
Add §305-a, RPT L
Versions Introduced in 2021-2022 Legislative Session:
A894

A4752B - Summary

Requires assessors using the comparable sales method for assessments to consider certain comparable properties in formulating the assessment.

A4752B - Bill Text download pdf 


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 4752--B

                       2019-2020 Regular Sessions

                          I N  A S S E M B L Y

                            February 5, 2019
                               ___________

Introduced  by  M.  of  A.  ZEBROWSKI  --  read once and referred to the
  Committee on Real Property  Taxation  --  committee  discharged,  bill
  amended,  ordered reprinted as amended and recommitted to said commit-
  tee -- reported and referred to the Committee on  Ways  and  Means  --
  committee  discharged,  bill amended, ordered reprinted as amended and
  recommitted to said committee

AN ACT to amend the real property tax  law,  in  relation  to  requiring
  assessors  using  the  comparable sales, income capitalization or cost
  method for assessments to consider certain  comparable  properties  in
  formulating the assessment

  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 305-a to read as follows:
  §  305-A. ASSESSMENT USING THE COMPARABLE SALES, INCOME CAPITALIZATION
OR COST METHOD. WHEN DETERMINING THE  VALUE  OF  A  PROPERTY  USING  THE
COMPARABLE  SALES,  INCOME  CAPITALIZATION OR COST METHOD, THE FOLLOWING
SHALL BE CONSIDERED WHEN SELECTING APPROPRIATE SALES OR RENTALS COMPARA-
BLE TO THE SUBJECT PROPERTY:
  1. SALES OR RENTALS OF PROPERTIES EXHIBITING SIMILAR  CURRENT  USE  OR
THE  USE  AT  THE  TIME  OF SALE IN THE SAME REAL ESTATE MARKET SEGMENT.
COMPARABLE PROPERTIES SHOULD INCLUDE  PROPERTIES  LOCATED  IN  PROXIMATE
LOCATION TO THE SUBJECT PROPERTY UNLESS THERE IS AN INADEQUATE NUMBER OF
APPROPRIATE SALES OR RENTALS WITHIN THE SAME MARKET SEGMENT; AND
  2.  SALES OR RENTALS OF PROPERTIES THAT ARE SIMILAR IN AGE, CONDITION,
CURRENT USE OR THE USE AT  THE  TIME  OF  SALE,  TYPE  OF  CONSTRUCTION,
LOCATION, DESIGN, PHYSICAL FEATURES AND ECONOMIC CHARACTERISTICS INCLUD-
ING SIMILARITIES IN OCCUPANCY AND INCOME GENERATING POTENTIAL.
  § 2. This act shall take effect immediately and shall apply to assess-
ment rolls prepared on or after January 1, 2020.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07560-03-9

Co-Sponsors

A4752C (ACTIVE) - Details

Current Committee:
Senate Local Government
Law Section:
Real Property Tax Law
Laws Affected:
Add §305-a, RPT L
Versions Introduced in 2021-2022 Legislative Session:
A894

A4752C (ACTIVE) - Summary

Requires assessors using the comparable sales method for assessments to consider certain comparable properties in formulating the assessment.

A4752C (ACTIVE) - Bill Text download pdf 


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 4752--C
                                                        Cal. No. 181

                       2019-2020 Regular Sessions

                          I N  A S S E M B L Y

                            February 5, 2019
                               ___________

Introduced  by M. of A. ZEBROWSKI, WOERNER, GALEF, BRABENEC -- read once
  and referred to the Committee on Real Property Taxation  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to  said  committee  -- reported and referred to the Committee on Ways
  and Means -- committee discharged, bill amended, ordered reprinted  as
  amended  and recommitted to said committee -- ordered to a third read-
  ing, amended and ordered reprinted, retaining its place on  the  order
  of third reading

AN  ACT  to  amend  the  real property tax law, in relation to requiring
  assessors using the comparable sales, income  capitalization  or  cost
  method  for  assessments  to consider certain comparable properties in
  formulating the assessment

  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 305-a to read as follows:
  § 305-A. ASSESSMENT USING THE COMPARABLE SALES, INCOME  CAPITALIZATION
OR  COST  METHOD.  WHEN  DETERMINING  THE  VALUE OF A PROPERTY USING THE
COMPARABLE SALES, INCOME CAPITALIZATION OR COST  METHOD,  THE  FOLLOWING
SHALL BE CONSIDERED WHEN SELECTING APPROPRIATE SALES OR RENTALS COMPARA-
BLE TO THE SUBJECT PROPERTY:
  1.  SALES  OR  RENTALS OF PROPERTIES EXHIBITING SIMILAR CURRENT USE OR
THE USE AT THE TIME OF SALE IN THE  SAME  REAL  ESTATE  MARKET  SEGMENT.
COMPARABLE  PROPERTIES  SHOULD  INCLUDE  PROPERTIES LOCATED IN PROXIMATE
LOCATION TO THE SUBJECT PROPERTY UNLESS THERE IS AN INADEQUATE NUMBER OF
APPROPRIATE SALES OR RENTALS WITHIN THE SAME MARKET SEGMENT; AND
  2. SALES OR RENTALS OF PROPERTIES THAT ARE SIMILAR IN AGE,  CONDITION,
CURRENT  USE  OR  THE  USE  AT  THE  TIME OF SALE, TYPE OF CONSTRUCTION,
LOCATION, DESIGN, PHYSICAL FEATURES AND ECONOMIC CHARACTERISTICS INCLUD-
ING SIMILARITIES IN OCCUPANCY AND INCOME GENERATING POTENTIAL.
  § 2. This act shall take effect immediately and shall apply to assess-
ment rolls prepared on or after January 1, 2021.