Bill Text: NY A00449 | 2011-2012 | General Assembly | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Establishes certain assessing units shall update the assessments in its jurisdiction not less than once every fifth year.

Spectrum: Moderate Partisan Bill (Democrat 5-1)

Status: (Introduced - Dead) 2012-01-24 - print number 449a [A00449 Detail]

Download: New_York-2011-A00449-Amended.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        449--A
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                      (PREFILED)
                                    January 5, 2011
                                      ___________
       Introduced by M. of A. CAHILL, CALHOUN -- Multi-Sponsored by -- M. of A.
         GALEF,  GOTTFRIED,  HEASTIE,  McENENY -- read once and referred to the
         Committee on Real Property Taxation -- reported and  referred  to  the
         Committee  on  Ways  and Means -- recommitted to the Committee on Ways
         and Means in accordance with Assembly Rule  3,  sec.  2  --  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 real property
         tax assessments
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.    The  real  property  tax law is amended by adding a new
    2  section 306 to read as follows:
    3    S 306. ASSESSMENT CYCLE. IN ACCORDANCE WITH A RESOLUTION  ESTABLISHING
    4  A  PERIODIC  ASSESSMENT  CYCLE  BY  THE  GOVERNING BODY OF THE MUNICIPAL
    5  CORPORATION AND IN ACCORDANCE WITH THE RULES OF THE COMMISSIONER,  EVERY
    6  ASSESSING UNIT SHALL UPDATE THE ASSESSMENTS IN ITS JURISDICTION NOT LESS
    7  THAN  ONCE  EVERY  FIFTH  YEAR AFTER THE EFFECTIVE DATE OF THIS SECTION.
    8  SUCH UPDATE SHALL BE BASED ON THE VALUATION DATE,  TAXABLE  STATUS  DATE
    9  AND ASSESSMENT METHODS AND STANDARDS AS PROVIDED IN THIS TITLE.
   10    S  2. This act shall take effect on the first of January next succeed-
   11  ing the date on which it shall have become a law; provided, however that
   12  effective immediately, the addition, amendment and/or repeal of any rule
   13  or regulation necessary for the implementation of this act on its effec-
   14  tive date are authorized and directed to be made  and  completed  on  or
   15  before such effective date.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD01033-02-2