Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2010 |
referred to local government |
Jan 07, 2009 |
referred to local government |
Senate Bill S259
2009-2010 Legislative Session
Sponsored By
(R, C, IP) Senate District
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
Actions
2009-S259 (ACTIVE) - Details
- Current Committee:
- Senate Local Government
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd ยง1573, RPT L
- Versions Introduced in 2011-2012 Legislative Session:
-
S548
2009-S259 (ACTIVE) - Summary
Authorizes the reassessment of real property based upon the substantial change in valuation of real property based upon physical, statutory or economic conditions, without affecting the state aid for reassessment; increases state assistance payable from $5 to $15 per parcel.
2009-S259 (ACTIVE) - Sponsor Memo
BILL NUMBER: S259 TITLE OF BILL : An act to amend the real property tax law, in relation to state assistance for local real property tax reassessment PURPOSE : To create an incentive for municipalities to conduct a reassessment once every three years. SUMMARY OF PROVISIONS : Section 1-amends subdivision 2 of section 1573 of the real property tax law, as amended by chapter 655 of the laws of 2004 to provide an incentive of $15 per parcel to municipalities which conduct a reassessment once every three years Section 2-contains the effective date JUSTIFICATION : This legislation seeks to address the spikes in real property values by providing an incentive to municipalities to reassess once every three years. This bill will provide the homeowner with a fixed level of assessment for three years thereby giving the taxpayer stability with respect to their assessment. It also allows three years of comparable sales to use for determining market value.
2009-S259 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 259 2009-2010 Regular Sessions I N S E N A T E (PREFILED) January 7, 2009 ___________ Introduced by Sen. LITTLE -- 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 state assist- ance for local real property tax reassessment THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The opening paragraph and paragraph (a) of subdivision 2 of section 1573 of the real property tax law, the opening paragraph as amended by chapter 655 of the laws of 2004 and paragraph (a) as amended by chapter 212 of the laws of 2006, are amended to read as follows: State assistance pursuant to subdivision one of this section shall be payable as follows in an amount not to exceed [five] FIFTEEN dollars per parcel for each separately assessed parcel appearing on the applicable assessment roll, excluding parcels which are wholly exempt or assessed by the state board: (a) Triennial aid shall be payable when the state board determines that the assessing unit has implemented a revaluation or update that includes the reinspection and reappraisal of all locally assessed prop- erties. However, no assessing unit may qualify for this payment more than once in a three year period[, and no aid may be paid pursuant to this paragraph with respect to any assessment roll filed after the year two thousand eleven]. PROVIDED, THAT NO PROVISION OF THIS SUBDIVISION SHALL PROHIBIT ANY ASSESSOR FROM ADJUSTING, AT ANY TIME DURING SUCH THREE YEAR PERIOD OF TIME, THE ASSESSMENT OF ANY PARCEL THE VALUE OF WHICH HAS BEEN SUBSTANTIALLY AFFECTED BY A CHANGE IN PHYSICAL, STATUTORY OR ECONOMIC CONDITIONS, AND SUCH ADJUSTED ASSESSMENT SHALL BE DEEMED TO HAVE BEEN IN EFFECT AND SHALL BE COMPUTED AS OF THE DATE OF VALUATION BY THE ASSESSING UNIT. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00109-01-9
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