S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4042
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 1, 2021
                                ___________
 
 Introduced  by M. of A. DICKENS -- read once and referred to the Commit-
   tee on Real Property Taxation
 
 AN ACT to amend the real property tax law, in relation to requiring  the
   disclosure  to  the petitioner of the assessing method, capitalization
   rate, and certain other information used to determine valuation by the
   respondent in a judicial proceeding brought to review an assessment of
   real property in a city having a population of one million or more
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision 2 of section 714 of the real property tax law
 is amended to read as follows:
   2.  If the respondent has not served an answer or moved to dismiss the
 petition prior to the service of a note of issue, except as hereinbefore
 provided, in order to raise an objection to the sufficiency of the peti-
 tion or assert an affirmative defense upon the hearing, he OR  SHE  must
 serve  upon the petitioner within forty days after the service of a note
 of issue, a  notice  containing  a  statement  of  the  nature  of  such
 objection  or such defense, unless for good cause the time to serve such
 notice is extended by the court or a justice thereof,  on  an  order  to
 show  cause.   Unless the petitioner and respondent stipulate in writing
 for a hearing at an earlier date, no hearing shall  be  held  less  than
 thirty  days  after  service  of  such notice upon the petitioner.   THE
 ANSWER OR NOTICE SERVED PURSUANT TO THE PROVISIONS OF  THIS  SUBDIVISION
 SHALL  DISCLOSE THE ASSESSING METHOD USED, ANY CAPITALIZATION RATE USED,
 AND ANY OTHER DATA OR FORMULA USED TO DETERMINE  THE  VALUATION  OF  THE
 REAL PROPERTY.
   §  2.  This  act shall take effect on the thirtieth day after it shall
 have become a law and shall apply to proceedings commenced or pending on
 or after its effective date, and, in addition,  the  disclosure  of  the
 information  required  to be disclosed by the amendment made to subdivi-
 sion 2 of section 714 of the real property tax law  by  section  one  of
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD03698-01-1

 A. 4042                             2
 
 this  act  shall,  if  the  time  for  such  disclosure  pursuant to the
 provisions of such subdivision 2 has passed in a proceeding  pending  on
 the effective date of this act, be made within thirty days of the effec-
 tive  date  of  this act, and the petitioner shall have a continuance of
 thirty days from receipt thereof to review such disclosures  and  submit
 or  modify  such  documents  or other evidence, or make such motions, as
 such disclosures may prompt.