Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 08, 2020 |
referred to real property taxation |
Jan 09, 2019 |
referred to real property taxation |
Assembly Bill A227
2019-2020 Legislative Session
Sponsored By
BRAUNSTEIN
Archive: Last Bill Status - In Assembly 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
2019-A227 (ACTIVE) - Details
2019-A227 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 227 2019-2020 Regular Sessions I N A S S E M B L Y (PREFILED) January 9, 2019 ___________ Introduced by M. of A. BRAUNSTEIN -- read once and referred to the Committee on Real Property Taxation AN ACT to amend the real property tax law, in relation to limitations on assessed value for any parcel that is held in cooperative or condomin- ium forms of ownership THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 1805 of the real property tax law is amended by adding a new subdivision 7 to read as follows: 7. NOTWITHSTANDING ANY PROVISION OF LAW TO THE CONTRARY, IF THE ASSESSMENT APPEARING ON AN ASSESSMENT ROLL BEGINNING WITH THE ASSESSMENT ROLL COMPLETED THE SAME YEAR AS THE EFFECTIVE DATE OF THIS SUBDIVISION AND FOR EACH SUBSEQUENT ASSESSMENT ROLL FOR ANY PARCEL THAT IS HELD IN COOPERATIVE OR CONDOMINIUM FORMS OF OWNERSHIP, IS GREATER THAN THE ASSESSMENT APPEARING ON THE PREVIOUS YEAR'S ASSESSMENT ROLL THE ASSESSOR SHALL DETERMINE A TRANSITION ASSESSMENT FOR SUCH PARCEL FOR THE FIRST ASSESSMENT ROLL ON WHICH SUCH GREATER ASSESSMENT APPEARS AND FOR EACH OF THE SUCCEEDING ELEVEN ASSESSMENT ROLLS BY COMPUTING THE DIFFERENCE BETWEEN SUCH GREATER ASSESSMENT AND THE ASSESSMENT APPEARING ON SUCH PREVIOUS YEAR'S ASSESSMENT ROLL AND ADDING THE FOLLOWING PERCENTAGES OF SUCH DIFFERENCE TO THE ASSESSMENT APPEARING ON SUCH PREVIOUS YEAR'S ASSESSMENT ROLL: IN THE FIRST YEAR, EIGHT AND ONE-THIRD PERCENT; IN THE SECOND YEAR, SIXTEEN AND TWO-THIRDS PERCENT; IN THE THIRD YEAR, TWENTY- FIVE PERCENT; IN THE FOURTH YEAR, THIRTY-THREE AND ONE-THIRD PERCENT; IN THE FIFTH YEAR, FORTY-ONE AND TWO-THIRDS PERCENT; IN THE SIXTH YEAR, FIFTY PERCENT; IN THE SEVENTH YEAR, FIFTY-EIGHT AND ONE-THIRD PERCENT; IN THE EIGHTH YEAR, SIXTY-SIX AND TWO-THIRDS PERCENT; IN THE NINTH YEAR, SEVENTY-FIVE PERCENT; IN THE TENTH YEAR, EIGHTY-THREE AND ONE-THIRD PERCENT; IN THE ELEVENTH YEAR, NINETY-ONE AND TWO-THIRDS PERCENT; AND IN THE TWELFTH YEAR, ONE HUNDRED PERCENT. IF THE ASSESSMENT OF A PARCEL IS EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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