Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 21, 2014 |
print number 2216a |
Jan 21, 2014 |
amend and recommit to local government |
Jan 08, 2014 |
referred to local government |
Jan 14, 2013 |
referred to local government |
Senate Bill S2216
2013-2014 Legislative Session
Sponsored By
(D) 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
Bill Amendments
2013-S2216 - Details
- Current Committee:
- Senate Local Government
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Add §1215, amd §720, RPT L
- Versions Introduced in 2011-2012 Legislative Session:
-
S6749
2013-S2216 - Sponsor Memo
BILL NUMBER:S2216 TITLE OF BILL: An act to amend the real property tax law, in relation to creating a county commercial assessment ratio PURPOSE: To establish a state commercial assessment ratio for major type B property for use in article 7 proceedings reviewing assessments of major type B commercial properties for counties. SUMMARY OF PROVISIONS: This bill creates a new section of the RPTL by adding section 1215, which establishes a commercial assessment ratio for major type B commercial property and amends section 720 of the RPTL permitting its use in article 7 proceedings reviewing the assessments of major type B commercial property. JUSTIFICATION: Many assessing units have experienced unprecedented appreciation in residential property values over the last few years while commercial property values have remained constant or have appreciated slightly. This appreciation in residential property values has caused the state equalization rates for these assessing units to drop drastically. Therefore, the current state equalization rate does not accurately reflect the changes in the values of commercial property. The annual establishment of state equalization rates alone in a rising residential market is creating artificial over-assessment of commercial property. This bill attempts to correct this by creating a commercial assessment ratio that counties can use.
2013-S2216 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2216 2013-2014 Regular Sessions I N S E N A T E January 14, 2013 ___________ Introduced by Sen. CARLUCCI -- 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 creating a county commercial assessment ratio 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 1215 to read as follows: S 1215. ESTABLISHMENT OF A STATE COMMERCIAL ASSESSMENT RATIO FOR COUN- TIES. 1. FOR PURPOSES OF THIS SECTION: (A) "MARKET VALUE RATIO" MEANS THE RATIO OF ASSESSED VALUE TO FULL VALUE OF THE TAXABLE REAL PROPERTY ON A FINAL ASSESSMENT ROLL; (B) "MAJOR TYPE B" PROPERTY MEANS A GROUP OF TAXABLE PARCELS DESIG- NATED AS COMMERCIAL PROPERTY INCLUDING APARTMENTS, INDUSTRIAL PROPERTY, RECREATION AND ENTERTAINMENT PROPERTY, TAXABLE COMMUNITY SERVICES PROP- ERTY, AND PUBLIC SERVICES PROPERTY NOT CONTAINED WITH MAJOR TYPE D PROP- ERTY: EXCEPT IN A HOMESTEAD ASSESSING UNIT, MAJOR TYPE B PROPERTY ALSO INCLUDES RESIDENTIAL PROPERTY NOT IN MAJOR TYPE A; (C) "NON-REASSESSMENT MUNICIPALITY" MEANS ANY MUNICIPALITY THAT IS NOT DESIGNATED AS A REASSESSMENT MUNICIPALITY; (D) "MAJOR TYPE A" PROPERTY MEANS RESIDENTIAL REAL PROPERTY OTHER THAN APARTMENTS, EXCEPT THAT FOR A HOMESTEAD ASSESSING UNIT, MAJOR TYPE A DESIGNATES THE HOMESTEAD CLASS AS DEFINED IN SECTION NINETEEN HUNDRED ONE OF THIS CHAPTER; AND (E) "MAJOR TYPE D" DESIGNATES PUBLIC SERVICES UTILITY REAL PROPERTY, NOT INCLUDING CEILING RAILROAD AND SPECIAL FRANCHISE PROPERTY. 2. NOTWITHSTANDING ANY OTHER PROVISION OF LAW TO THE CONTRARY, THERE SHALL BE ESTABLISHED A COMMERCIAL ASSESSMENT RATIO AS FOLLOWS: (A) UPON FINAL COMPLETION EACH YEAR OF THE ASSESSMENT ROLL OF EACH CITY, TOWN AND VILLAGE, THE COMMISSIONER SHALL ESTABLISH THE COMMERCIAL ASSESSMENT RATIO FOR SUCH CITY, TOWN OR VILLAGE PROVIDED THAT (I) THE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05321-02-3
2013-S2216A (ACTIVE) - Details
- Current Committee:
- Senate Local Government
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Add §1215, amd §720, RPT L
- Versions Introduced in 2011-2012 Legislative Session:
-
S6749
2013-S2216A (ACTIVE) - Sponsor Memo
BILL NUMBER:S2216A TITLE OF BILL: An act to amend the real property tax law, in relation to creating a county commercial assessment ratio PURPOSE: To establish a state commercial assessment ratio for major type B property for use in article 7 proceedings reviewing assessments of major type B commercial properties for counties. SUMMARY OF PROVISIONS: This bill creates a new section of the RPTL by adding section 1215, which establishes a commercial assessment ratio for major type B commercial property and amends section 720 of the RPTL permitting its use in article 7 proceedings reviewing the assessments of major type B commercial property. JUSTIFICATION: Many assessing units have experienced unprecedented appreciation in residential property values over the last few years while commercial property values have remained constant or have appreciated slightly. This appreciation in residential property values has caused the state equalization rates for these assessing units to drop drastically. Therefore, the current state equalization rate does not accurately reflect the changes in the values of commercial property. The annual establishment of state equalization rates alone in a rising residential market is creating artificial over-assessment of commercial property. This bill attempts to correct this by creating a commercial assessment ratio that counties can use.
2013-S2216A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2216--A 2013-2014 Regular Sessions I N S E N A T E January 14, 2013 ___________ Introduced by Sen. CARLUCCI -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government -- recom- mitted to the Committee on Local Government in accordance with Senate Rule 6, sec. 8 -- 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 creating a county commercial assessment ratio 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 1215 to read as follows: S 1215. ESTABLISHMENT OF A STATE COMMERCIAL ASSESSMENT RATIO FOR COUN- TIES. 1. FOR PURPOSES OF THIS SECTION: (A) "MARKET VALUE RATIO" MEANS THE RATIO OF ASSESSED VALUE TO FULL VALUE OF THE TAXABLE REAL PROPERTY ON A FINAL ASSESSMENT ROLL; (B) "MAJOR TYPE B" PROPERTY MEANS A GROUP OF TAXABLE PARCELS DESIG- NATED AS COMMERCIAL PROPERTY INCLUDING APARTMENTS, INDUSTRIAL PROPERTY, RECREATION AND ENTERTAINMENT PROPERTY, TAXABLE COMMUNITY SERVICES PROP- ERTY, AND PUBLIC SERVICES PROPERTY NOT CONTAINED WITH MAJOR TYPE D PROP- ERTY: EXCEPT IN A HOMESTEAD ASSESSING UNIT, MAJOR TYPE B PROPERTY ALSO INCLUDES RESIDENTIAL PROPERTY NOT IN MAJOR TYPE A; (C) "NON-REASSESSMENT MUNICIPALITY" MEANS ANY MUNICIPALITY THAT IS NOT DESIGNATED AS A REASSESSMENT MUNICIPALITY; (D) "MAJOR TYPE A" PROPERTY MEANS RESIDENTIAL REAL PROPERTY OTHER THAN APARTMENTS, EXCEPT THAT FOR A HOMESTEAD ASSESSING UNIT, MAJOR TYPE A DESIGNATES THE HOMESTEAD CLASS AS DEFINED IN SECTION NINETEEN HUNDRED ONE OF THIS CHAPTER; AND (E) "MAJOR TYPE D" DESIGNATES PUBLIC SERVICES UTILITY REAL PROPERTY, NOT INCLUDING CEILING RAILROAD AND SPECIAL FRANCHISE PROPERTY. 2. NOTWITHSTANDING ANY OTHER PROVISION OF LAW TO THE CONTRARY, THERE SHALL BE ESTABLISHED A COMMERCIAL ASSESSMENT RATIO AS FOLLOWS: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05321-03-4
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