S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8939
 
                           I N  A S S E M B L Y
 
                             January 19, 2022
                                ___________
 
 Introduced by M. of A. DINOWITZ -- read once and referred to the Commit-
   tee on Real Property Taxation
 
 AN  ACT  to  amend the real property tax law, the administrative code of
   the city of New York and the real property law, in relation to classi-
   fying properties held in condominium and cooperative form for  assess-
   ment  purposes  as  class  one-a  properties;  and  to  repeal certain
   provisions of the real property tax law relating thereto
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 1 of section 1802 of the real property tax law,
 as separately amended by chapters 123 and 529 of the laws of 1990, para-
 graph  class  one  as  amended  by  chapter  332 of the laws of 2008, is
 amended to read as follows:
   1. All real property, for the purposes of this article, in  a  special
 assessing unit shall be classified as follows:
   Class  one: (a) all one, two and three family residential real proper-
         ty, including such dwellings used  in  part  for  nonresidential
         purposes  but which are used primarily for residential purposes,
         except such property held in cooperative or condominium forms of
         ownership other than (i) property defined in  subparagraphs  (b)
         and  (c)  of  this paragraph and (ii) property which contains no
         more than three dwelling  units  held  in  condominium  form  of
         ownership and which was classified within this class on a previ-
         ous  assessment  roll;  and  provided  that, notwithstanding the
         provisions of paragraph (g) of subdivision twelve of section one
         hundred two of this chapter, a mobile home or  a  trailer  shall
         not  be classified within this class unless it is owner-occupied
         and separately assessed; and (b) residential real  property  not
         more  than  three  stories in height held in condominium form of
         ownership, provided that no dwelling unit therein previously was
         on an assessment roll as a dwelling unit in other than condomin-
         ium  form  of  ownership;  and  (c)  residential  real  property
         consisting of one family house structures owned by the occupant,
         situated  on land held in cooperative ownership by owner occupi-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD03633-02-2
 A. 8939                             2
 
         ers, provided that; (i) such house structures and  land  consti-
         tuted  bungalow  colonies in existence prior to nineteen hundred
         forty; and (ii) the land is held in  cooperative  ownership  for
         the  sole  purpose  of  maintaining  one  family  residences for
         members own use; and  (d)  all  vacant  land  located  within  a
         special  assessing unit which is a city (i) other than such land
         in the borough of Manhattan, provided that any such vacant  land
         which  is  not  zoned  residential  must be situated immediately
         adjacent to property improved with a  residential  structure  as
         defined in subparagraphs (a) and (b) of this paragraph, be owned
         by the same owner as such immediately adjacent residential prop-
         erty  immediately prior to and since January 1, 1989, and have a
         total area not exceeding 10,000 square feet; and (ii) located in
         the borough of Manhattan north of or adjacent to the north  side
         of  110th street provided such vacant land was classified within
         this class on the assessment roll with a taxable status date  of
         January  5,  2008  and the owner of such land has entered into a
         recorded agreement with  a  governmental  entity  on  or  before
         December  31,  2008 requiring construction of housing affordable
         to persons or families of low  income  in  accordance  with  the
         provisions  of  the private housing finance law. Notwithstanding
         the foregoing, such vacant land shall be classified according to
         its use on the assessment roll with a taxable status date  imme-
         diately   following   commencement   of  construction,  provided
         further, that construction pursuant  to  an  approved  plan  for
         affordable  housing  shall  commence  no later than December 31,
         2010; and (e) all vacant land located within a special assessing
         unit which is not a city, provided that such vacant  land  which
         is  not  zoned residential must be situated immediately adjacent
         to real property defined in subparagraph (a), (b) or (c) of this
         paragraph and be owned by the same person or persons who own the
         real property defined in such subparagraph immediately prior  to
         and since January 1, 2003;
   CLASS  ONE-A:  ALL OTHER RESIDENTIAL REAL PROPERTY HELD IN CONDOMINIUM
         OR COOPERATIVE FORM OF OWNERSHIP  WHICH  IS  NOT  DESIGNATED  AS
         CLASS  ONE;  THE  DEPARTMENT  OF  FINANCE OF ANY CITY ENACTING A
         LOCAL LAW PURSUANT TO THIS SECTION SHALL RECLASSIFY CLASS  ONE-A
         PROPERTIES  USED  PRIMARILY  TO  GENERATE RENTAL INCOME TO CLASS
         TWO. THE DEPARTMENT OF FINANCE OF ANY CITY ENACTING A LOCAL  LAW
         PURSUANT  TO  THIS  SECTION SHALL HAVE, IN ADDITION TO ANY OTHER
         FUNCTIONS, POWERS AND DUTIES WHICH HAVE BEEN OR MAY BE CONFERRED
         ON IT BY LAW, THE POWER TO MAKE AND PROMULGATE  RULES  TO  CARRY
         OUT  THE PURPOSES OF THIS SECTION INCLUDING, BUT NOT LIMITED TO,
         RULES DEFINING THE CLASS  ONE-A  PROPERTIES  PRIMARILY  USED  TO
         GENERATE  RENTAL  INCOME,  AND  RELATING TO THE TIMING, FORM AND
         MANNER OF ANY CERTIFICATION REQUIRED TO BE SUBMITTED UNDER  THIS
         SECTION.  IF A PROPERTY PREVIOUSLY RECLASSIFIED FROM CLASS ONE-A
         TO CLASS TWO CEASES TO BE  USED  PRIMARILY  TO  GENERATE  RENTAL
         INCOME,  THE  DEPARTMENT SHALL RECLASSIFY SUCH PROPERTY TO CLASS
         ONE-A. THE DEPARTMENT SHALL USE A FIVE-YEAR PERIOD  WHEN  DETER-
         MINING  WHETHER  A PROPERTY IS USED PRIMARILY TO GENERATE RENTAL
         INCOME;
   Class two: all other residential real property which is not designated
         as class one OR CLASS ONE-A, except hotels and motels and  other
         similar commercial property;
 A. 8939                             3
 
   Class  three:  utility  real  property  and property subject to former
         section four hundred seventy of this chapter;
   Class  four:  all other real property which is not designated as class
         one, CLASS ONE-A, class two, or class three.
   § 2. The real property tax law is amended  by  adding  a  new  section
 1803-c to read as follows:
   §  1803-C.  CALCULATION OF SHARES.  1. FOR THE CALENDAR YEAR TWO THOU-
 SAND TWENTY, NOTWITHSTANDING THE PROVISIONS OF SECTIONS EIGHTEEN HUNDRED
 THREE, EIGHTEEN HUNDRED THREE-A, AND EIGHTEEN HUNDRED  THREE-B  OF  THIS
 ARTICLE TO THE CONTRARY, THE NEW YORK CITY COMMISSIONER OF FINANCE SHALL
 ESTABLISH A NEW CLASS ONE-A PURSUANT TO SUBDIVISION ONE OF SECTION EIGH-
 TEEN  HUNDRED  TWO  OF THIS ARTICLE AND SHALL CALCULATE SHARES FOR CLASS
 ONE, CLASS ONE-A, CLASS TWO, CLASS THREE AND CLASS FOUR WHERE  THE  BASE
 YEAR USED IN THE CALCULATION OF THE CURRENT BASE PROPORTION SHALL BE THE
 2017  ASSESSMENT ROLL AND THE SUM OF CLASS ONE-A AND CLASS TWO SHALL NOT
 EXCEED THE PRIOR YEAR ADJUSTED BASE PROPORTION FOR SUCH CLASSES.
   2. AFTER TWO THOUSAND TWENTY-ONE, ASSESSMENT ROLLS PREPARED  ACCORDING
 TO  JANUARY  1,  2023,  THE  ADJUSTED BASE PROPORTIONS FOR CLASS ONE AND
 CLASS ONE-A, SHALL NOT EXCEED EACH CLASS' PRIOR ADJUSTED BASE PROPORTION
 BY MORE THAN FIVE PERCENT.
   3. IN A CITY HAVING A POPULATION OF ONE MILLION OR MORE,  SUCH  CITY'S
 TAX  FIXING  RESOLUTION SHALL SET A TAX RATE FOR CLASS ONE-A IN THE SAME
 MANNER AS ALL CLASS SHARES ARE CALCULATED PURSUANT TO SECTIONS  EIGHTEEN
 HUNDRED  THREE, EIGHTEEN HUNDRED THREE-A AND EIGHTEEN HUNDRED THREE-B OF
 THIS ARTICLE.
   4. THE ASSESSMENT RATIO FOR CLASS ONE-A SHALL BE SIX PERCENT.
   § 3. Subdivision 1, paragraph (c) of subdivision 2 and  subdivision  4
 of  section 307-a of the real property tax law, as added by section 1 of
 part G of chapter 63 of the  laws  of  2003,  are  amended  to  read  as
 follows:
   1.  Generally.   Notwithstanding any provision of any general, special
 or local law to the contrary, any city with a population of one  million
 or more is hereby authorized and empowered to adopt and amend local laws
 in  accordance  with  this section imposing an additional tax on certain
 class one AND CLASS ONE-A properties, as such properties are defined  in
 section eighteen hundred two of this chapter, excluding vacant land.
   (c)  "Net real property tax" means the real property tax assessed on A
 class one OR CLASS ONE-A property after deduction for any  exemption  or
 abatement received pursuant to this chapter.
   4. Property subject to additional tax. Such surcharge shall be imposed
 on  class  one  AND  CLASS  ONE-A  property, excluding vacant land, that
 provides rental income and is not the primary residence of the owner  or
 owners  of  such class one OR CLASS ONE-A property, or the primary resi-
 dence of the parent or child of such owner or owners.
   § 4. Paragraph (f) of subdivision 1 of section 467-a of the real prop-
 erty tax law, as added by chapter 273 of the laws of  1996,  is  amended
 and a new paragraph (m) is added to read as follows:
   (f)  "Property"  means  real property designated as class [two] ONE-A,
 pursuant to section eighteen hundred two of this chapter,  held  in  the
 cooperative or condominium form of ownership.
   (M) "MARKET VALUE" SHALL BE CALCULATED BY THE NEW YORK CITY DEPARTMENT
 OF FINANCE BASED UPON COMPARABLE SALES.
   §  5.  Paragraphs  (d-1),  (d-2),  (d-3) and (d-4) of subdivision 2 of
 section 467-a of the real property tax law, as amended by chapter 184 of
 the laws of 2021, are amended and seven  new  paragraphs  (d-7),  (d-8),
 (d-9), (d-10), (d-11), (d-12) and (d-13) are added to read as follows:
 A. 8939                             4
 
   (d-1)  In  the  fiscal years commencing in calendar years two thousand
 twelve, two thousand thirteen and two thousand fourteen, eligible dwell-
 ing units in property whose average unit assessed value is less than  or
 equal to fifty thousand dollars shall receive a partial abatement of the
 real  property  taxes  attributable  to or due on such dwelling units of
 twenty-five percent, twenty-six and one-half  percent  and  twenty-eight
 and  one-tenth  percent  respectively. In the fiscal years commencing in
 calendar years two thousand fifteen through  two  thousand  [twenty-two]
 EIGHTEEN eligible dwelling units in property whose average unit assessed
 value  is  less  than or equal to fifty thousand dollars shall receive a
 partial abatement of the real property taxes attributable to or  due  on
 such dwelling units of twenty-eight and one-tenth percent.
   (d-2)  In  the  fiscal years commencing in calendar years two thousand
 twelve, two thousand thirteen and two thousand fourteen, eligible dwell-
 ing units in property whose average unit assessed  value  is  more  than
 fifty  thousand  dollars,  but less than or equal to fifty-five thousand
 dollars, shall receive a partial abatement of the  real  property  taxes
 attributable to or due on such dwelling units of twenty-two and one-half
 percent,  twenty-three and eight-tenths percent and twenty-five and two-
 tenths percent respectively. In the fiscal years commencing in  calendar
 years  two  thousand  fifteen through two thousand [twenty-two] EIGHTEEN
 eligible dwelling units in property whose average unit assessed value is
 more than fifty thousand dollars, but less than or equal  to  fifty-five
 thousand dollars, shall receive a partial abatement of the real property
 taxes  attributable  to or due on such dwelling units of twenty-five and
 two-tenths percent.
   (d-3) In the fiscal years commencing in calendar  years  two  thousand
 twelve, two thousand thirteen and two thousand fourteen, eligible dwell-
 ing  units  in  property  whose average unit assessed value is more than
 fifty-five thousand dollars, but less than or equal  to  sixty  thousand
 dollars,  shall  receive  a partial abatement of the real property taxes
 attributable to or due on such dwelling units of twenty  percent,  twen-
 ty-one  and  two-tenths  percent, and twenty-two and five-tenths percent
 respectively. In the fiscal years commencing in calendar years two thou-
 sand fifteen through two thousand [twenty-two] EIGHTEEN eligible  dwell-
 ing  units  in  property  whose average unit assessed value is more than
 fifty-five thousand dollars, but less than or equal  to  sixty  thousand
 dollars,  shall  receive  a partial abatement of the real property taxes
 attributable to or due on such dwelling units of  twenty-two  and  five-
 tenths percent.
   (d-4)  In  the  fiscal years commencing in calendar years two thousand
 twelve through two thousand  [twenty-two]  EIGHTEEN,  eligible  dwelling
 units  in  property whose average unit assessed value is more than sixty
 thousand dollars shall receive a partial abatement of the real  property
 taxes  attributable  to  or  due on such dwelling units of seventeen and
 one-half percent.
   (D-7) ELIGIBLE DWELLING UNITS IN PROPERTY WHOSE  AVERAGE  UNIT  MARKET
 VALUE  IS LESS THAN OR EQUAL TO SIX HUNDRED FIFTY THOUSAND DOLLARS SHALL
 RECEIVE A PARTIAL ABATEMENT OF REAL PROPERTY TAXES  ATTRIBUTABLE  TO  OR
 DUE  ON  SUCH  DWELLING UNITS, NOT TO EXCEED THIRTY-THREE PERCENT IN THE
 FISCAL YEAR COMMENCING IN CALENDAR  YEAR  TWO  THOUSAND  TWENTY-TWO  AND
 THEREAFTER.
   (D-8)  ELIGIBLE  DWELLING  UNITS IN PROPERTY WHOSE AVERAGE UNIT MARKET
 VALUE IS BETWEEN SIX HUNDRED FIFTY THOUSAND ONE DOLLARS TO SEVEN HUNDRED
 FIFTY THOUSAND DOLLARS SHALL RECEIVE A PARTIAL  ABATEMENT  OF  THE  REAL
 PROPERTY  TAXES  ATTRIBUTABLE  TO  OR DUE ON SUCH DWELLING UNITS, NOT TO
 A. 8939                             5
 
 EXCEED TWENTY-TWO AND FIVE-TENTHS PERCENT IN THE FISCAL YEAR  COMMENCING
 IN CALENDAR YEAR TWO THOUSAND TWENTY-TWO AND THEREAFTER.
   (D-9)  ELIGIBLE  DWELLING  UNITS IN PROPERTY WHOSE AVERAGE UNIT MARKET
 VALUE IS BETWEEN SEVEN HUNDRED FIFTY THOUSAND ONE AND ONE  MILLION  FIVE
 HUNDRED  THOUSAND  DOLLARS SHALL RECEIVE A PARTIAL ABATEMENT OF THE REAL
 PROPERTY TAXES ATTRIBUTABLE TO OR DUE ON SUCH  DWELLING  UNITS,  NOT  TO
 EXCEED  SEVENTEEN  AND FIVE-TENTHS PERCENT IN THE FISCAL YEAR COMMENCING
 IN CALENDAR YEAR TWO THOUSAND TWENTY-TWO AND THEREAFTER.
   (D-10) ELIGIBLE DWELLING UNITS IN PROPERTY WHOSE AVERAGE  UNIT  MARKET
 VALUE  IS  BETWEEN ONE MILLION FIVE HUNDRED THOUSAND ONE DOLLARS AND TWO
 MILLION SIX HUNDRED SIXTY-SIX THOUSAND SIX HUNDRED  SIXTY-SEVEN  DOLLARS
 SHALL  RECEIVE  A PARTIAL ABATEMENT OF THE REAL PROPERTY TAXES ATTRIBUT-
 ABLE TO OR DUE ON SUCH DWELLING UNITS, NOT TO EXCEED THIRTEEN AND  THIR-
 TEEN-HUNDREDTHS  PERCENT  IN THE FISCAL YEAR COMMENCING IN CALENDAR YEAR
 TWO THOUSAND TWENTY-TWO AND THEREAFTER.
   (D-11) ELIGIBLE DWELLING UNITS IN PROPERTY WHOSE AVERAGE  UNIT  MARKET
 VALUE  IS BETWEEN TWO MILLION SIX HUNDRED SIXTY-SIX THOUSAND SIX HUNDRED
 SIXTY-EIGHT DOLLARS AND THREE MILLION EIGHT HUNDRED  THIRTY-THREE  THOU-
 SAND  THREE  HUNDRED THIRTY-THREE DOLLARS SHALL RECEIVE A PARTIAL ABATE-
 MENT OF THE REAL PROPERTY TAXES ATTRIBUTABLE TO OR DUE ON SUCH  DWELLING
 UNITS,  NOT  TO  EXCEED  EIGHT AND SEVENTY-FIVE HUNDREDTH PERCENT IN THE
 FISCAL YEAR COMMENCING IN CALENDAR  YEAR  TWO  THOUSAND  TWENTY-TWO  AND
 THEREAFTER.
   (D-12)  ELIGIBLE  DWELLING UNITS IN PROPERTY WHOSE AVERAGE UNIT MARKET
 VALUE IS BETWEEN THREE MILLION EIGHT HUNDRED THIRTY-THREE THOUSAND THREE
 HUNDRED THIRTY-FOUR DOLLARS AND FIVE MILLION  DOLLARS  SHALL  RECEIVE  A
 PARTIAL  ABATEMENT  OF THE REAL PROPERTY TAXES ATTRIBUTABLE TO OR DUE ON
 SUCH DWELLING UNITS, NOT TO  EXCEED  FOUR  AND  THIRTY-EIGHT  HUNDREDTHS
 PERCENT  IN  THE  FISCAL  YEAR  COMMENCING IN CALENDAR YEAR TWO THOUSAND
 TWENTY-TWO AND THEREAFTER.
   (D-13) ELIGIBLE DWELLING UNITS IN PROPERTY WHOSE AVERAGE  UNIT  MARKET
 VALUE  IS FIVE MILLION DOLLARS OR MORE SHALL RECEIVE A PARTIAL ABATEMENT
 OF THE REAL PROPERTY TAXES ATTRIBUTABLE  TO  OR  DUE  ON  SUCH  DWELLING
 UNITS,  NOT  TO  EXCEED  ZERO  PERCENT  IN THE FISCAL YEAR COMMENCING IN
 CALENDAR YEAR TWO THOUSAND TWENTY-TWO AND THEREAFTER.
   § 6. The real property tax law is amended  by  adding  a  new  section
 467-a-1 to read as follows:
   §  467-A-1.  ENHANCED  PARTIAL  ABATEMENT FOR CERTAIN CONDOMINIUMS AND
 COOPERATIVE RESIDENCES. 1. IN ADDITION TO THE PARTIAL ABATEMENT RECEIVED
 PURSUANT TO SECTION FOUR HUNDRED SIXTY-SEVEN-A OF THIS ARTICLE,  IN  THE
 FISCAL  YEAR COMMENCING IN CALENDAR YEAR TWO THOUSAND TWENTY-TWO, ELIGI-
 BLE UNITS IN PROPERTY WHOSE AVERAGE UNIT MARKET VALUE IS LESS  THAN  SIX
 HUNDRED FIFTY THOUSAND DOLLARS SHALL RECEIVE AN ENHANCED ABATEMENT EQUAL
 TO  THE  EXCESS  ABOVE  TWO  PERCENT OF THE DIFFERENCE BETWEEN THE PRIOR
 YEAR'S PROPERTY TAX AND THE CURRENT YEAR'S PROPERTY TAX.
   2. IN ADDITION TO THE PARTIAL ABATEMENT RECEIVED PURSUANT  TO  SECTION
 FOUR  HUNDRED SIXTY-SEVEN-A OF THIS ARTICLE, IN THE FISCAL YEAR COMMENC-
 ING IN CALENDAR YEAR TWO THOUSAND TWENTY-THREE, ELIGIBLE UNITS IN  PROP-
 ERTY  WHOSE  AVERAGE  UNIT  MARKET  VALUE IS LESS THAN SIX HUNDRED FIFTY
 THOUSAND DOLLARS SHALL RECEIVE AN ENHANCED ABATEMENT EQUAL TO THE EXCESS
 ABOVE FOUR PERCENT OF THE DIFFERENCE BETWEEN THE PRIOR  YEAR'S  PROPERTY
 TAX AND THE CURRENT YEAR'S PROPERTY TAX.
   3.  IN  ADDITION TO THE PARTIAL ABATEMENT RECEIVED PURSUANT TO SECTION
 FOUR HUNDRED SIXTY-SEVEN-A OF THIS ARTICLE, IN THE FISCAL YEAR  COMMENC-
 ING  IN  CALENDAR YEAR TWO THOUSAND TWENTY-FOUR AND THEREAFTER, ELIGIBLE
 UNITS IN PROPERTY WHOSE AVERAGE UNIT  MARKET  VALUE  IS  LESS  THAN  SIX
 A. 8939                             6
 
 HUNDRED FIFTY THOUSAND DOLLARS SHALL RECEIVE AN ENHANCED ABATEMENT EQUAL
 TO  THE  EXCESS  ABOVE  SIX  PERCENT OF THE DIFFERENCE BETWEEN THE PRIOR
 YEAR'S PROPERTY TAX AND THE CURRENT YEAR'S PROPERTY  TAX.  THE  ENHANCED
 CONDOMINIUM  AND  COOPERATIVE  ABATEMENT SHALL NOT BE ELIGIBLE FOR UNITS
 WHERE THE COMMISSIONER DETERMINES THAT RENOVATION OR CONSTRUCTION WITHIN
 THE UNIT OR BUILDING HAS PRODUCED A SUBSTANTIAL YEARLY INCREASE  IN  THE
 UNIT'S ASSESSED VALUE.
   § 7. Subdivision 7 of section 499-aaa of the real property tax law, as
 added by chapter 461 of the laws of 2008, is amended to read as follows:
   7.  "Eligible building" shall mean a class one, CLASS ONE-A, class two
 or class four real property, as defined in subdivision  one  of  section
 eighteen  hundred  two  of  this chapter, located within a city having a
 population of one million or more persons. No building shall be eligible
 for more than one tax abatement pursuant to this title.
   § 8. Subdivision 7 of section 499-aaaa of the real property  tax  law,
 as  added  by  chapter  473  of  the laws of 2008, is amended to read as
 follows:
   7. "Eligible building" shall mean a class one, CLASS ONE-A, class  two
 or  class  four  real property, as defined in subdivision one of section
 eighteen hundred two of this chapter, located within  a  city  having  a
 population of one million or more persons. No building shall be eligible
 for more than one tax abatement pursuant to this title.
   § 9. Paragraph (b) of subdivision 3 of section 522 of the real proper-
 ty  tax  law, as added by chapter 714 of the laws of 1982, is amended to
 read as follows:
   (b) in a  special  assessing  unit,  the  determination,  pursuant  to
 section  eighteen  hundred two of this chapter, of whether real property
 is included in class one, ONE-A, two, three or four.
   § 10. Subdivision 10 of section 523-b of the real property tax law, as
 added by chapter 593 of the laws of 1998, is amended to read as follows:
   10. On or before April first, each year the commission shall  mail  to
 each  applicant,  who has filed an application for the correction of the
 assessment, a notice of the commission's determination  of  such  appli-
 cant's  assessment.  Such  notice shall also contain the statement as to
 the final determination of the assessment review commission, or a state-
 ment that the commission has not yet made  a  determination  as  to  the
 final  assessed valuation which shall be made as soon as the petitioners
 application is reviewed or heard. If the applicants property is a  prop-
 erty  defined in subdivision one of section eighteen hundred two of this
 chapter as "Class 1", the commissions determination  shall  contain  the
 statement:  "If  you  are  dissatisfied  with  the  determination of the
 Assessment Review Commission and you are the owner  of  a  one,  two  or
 three family residential structure or residential real property not more
 than  three  stories  in  height  held in condominium form of ownership,
 provided that no dwelling unit therein previously was on  an  assessment
 roll as a dwelling unit in other than condominium form of ownership, and
 you  reside  at  such  residence,  you  may seek judicial review of your
 assessment either under title one of article seven of the real  property
 tax  law  or  under small claims assessment review law provided by title
 one-A of article seven of the real property tax law." Such notice  shall
 also  state that the last date to file petitions for judicial review and
 the location where small  claims  assessment  review  petitions  may  be
 obtained.
   Each  applicant that has filed an application of a property as defined
 in subdivision one of section eighteen hundred two of  this  chapter  as
 "CLASS  1-A",  "Class 2", "Class 3" or "Class 4", shall receive a notice
 A. 8939                             7
 
 as to the final determination of the assessment review commission  or  a
 statement that the commission has not yet made a determination as to the
 final  assessed valuation which shall be made as soon as the petitioners
 application  is  reviewed or heard. Such applicants determinations shall
 contain the statement: "If you are dissatisfied with  the  determination
 of the Assessment Review Commission you may seek judicial review of your
 assessment  under  title  one  of article seven of the real property tax
 law." Such notice shall also state the last date to file  petitions  for
 judicial  review.  A final determination when rendered shall contain the
 same statement. Failure to mail any such notice or failure of the appli-
 cant to receive the same shall not affect the validity  of  the  assess-
 ment.
   §  11. Paragraph (b) of subdivision 3 of section 701 of the real prop-
 erty tax law, as added by chapter 714 of the laws of 1982, is amended to
 read as follows:
   (b) In a  special  assessing  unit,  the  determination,  pursuant  to
 section  eighteen  hundred two of this chapter, of whether real property
 is included in class one, ONE-A, two, three or four.
   § 12. Subparagraph 2 of paragraph (a) of subdivision 3 of section  720
 of  the  real property tax law, as amended by chapter 679 of the laws of
 1986, is amended to read as follows:
   (2) "Major type of property" in special assessing units,  for  assess-
 ments  on  rolls completed after December thirty-first, nineteen hundred
 eighty-one, shall mean classes  one,  ONE-A,  two,  three  and  four  as
 defined in subdivision one of section eighteen hundred two of this chap-
 ter.
   §  13.  The  opening paragraph of subdivision 1 of section 1805 of the
 real property tax law, as amended by chapter 935 of the laws of 1984, is
 amended and two new subdivisions 1-a  and  1-b  are  added  to  read  as
 follows:
   The  assessor  of  any  special  assessing unit shall not increase the
 assessment of any individual parcel classified in  class  one  OR  CLASS
 ONE-A  in  any one year, as measured from the assessment on the previous
 year's assessment roll, by more than six percent and shall not  increase
 such assessment by more than twenty percent in any five-year period. The
 first  such  five-year  period  shall  be  measured  from the individual
 assessment appearing  on  the  assessment  roll  completed  in  nineteen
 hundred eighty; provided that if such parcel would not have been subject
 to  the  provisions  of  this subdivision in nineteen hundred eighty had
 this subdivision then been in effect, the first  such  five-year  period
 shall  be  measured from the first year after nineteen hundred eighty in
 which this subdivision applied to such parcel or would have  applied  to
 such parcel had this subdivision been in effect in such year.
   1-A.  ASSESSMENT  ROLLS  COMPUTED  FOR  CLASS  ONE-A SHALL INCLUDE ANY
 OUTSTANDING PHASED-IN INCREASES ACCRUED PRIOR TO THE EFFECTIVE  DATE  OF
 THIS SUBDIVISION PURSUANT TO SUBDIVISION THREE OF THIS SECTION.
   1-B.  CLASS  ONE-A PARCELS SHALL BE ASSESSED IN A METHOD COMPARABLE TO
 CLASS ONE PARCELS.
   § 14. Subdivisions e and f of section 11-208.1 of  the  administrative
 code  of  the  city  of  New York, subdivision e as amended by local law
 number 41 of the city of New York for the year 1986 and subdivision f as
 amended by chapter 385 of the laws of  2006,  are  amended  to  read  as
 follows:
   e. As used in this section, the term "income-producing property" means
 property  owned  for the purpose of securing an income from the property
 itself, but shall not include property with an assessed value  of  forty
 A. 8939                             8
 
 thousand  dollars  or  less,  or  residential property containing ten or
 fewer dwelling units or property classified in class one, ONE-A  or  two
 as  defined  in article eighteen of the real property tax law containing
 six or fewer dwelling units and one retail store.
   f.  Except  in  accordance  with proper judicial order or as otherwise
 provided by law, it shall be unlawful for the commissioner, any  officer
 or  employee  of  the  department,  the  president  or a commissioner or
 employee of the tax commission, any person engaged or  retained  by  the
 department  or  the  tax commission on an independent contract basis, or
 any person, who, pursuant to this section, is permitted to  inspect  any
 income and expense statement or to whom a copy, an abstract or a portion
 of  any  such  statement  is  furnished, to divulge or make known in any
 manner except as provided in this  subdivision,  the  amount  of  income
 and/or  expense  or  any  particulars set forth or disclosed in any such
 statement required under this section. The commissioner,  the  president
 of the tax commission, or any commissioner or officer or employee of the
 department or the tax commission charged with the custody of such state-
 ments  shall not be required to produce any income and expense statement
 or evidence of anything contained in them in any action or proceeding in
 any court, except on behalf of the department  or  the  tax  commission.
 Nothing  herein  shall be construed to prohibit the delivery to an owner
 or his or her duly authorized representative of a certified copy of  any
 statement  filed  by  such owner pursuant to this section or to prohibit
 the publication of statistics so classified as to prevent the  identifi-
 cation  of  particular statements and the items thereof, or making known
 aggregate income and expense information disclosed with respect to prop-
 erty classified as class four as defined in article eighteen of the real
 property tax law without identifying information about individual  leas-
 es,  or  making  known  a range as determined by the commissioner within
 which the income and expenses of a property classified as CLASS ONE-A OR
 class two falls, or the inspection by the legal representatives  of  the
 department  or  of  the tax commission of the statement of any owner who
 shall bring an action to correct the assessment. Any  violation  of  the
 provisions of this subdivision shall be punished by a fine not exceeding
 one thousand dollars or by imprisonment not exceeding one year, or both,
 at  the  discretion  of  the court, and if the offender be an officer or
 employee of the department or the tax commission, the offender shall  be
 dismissed from office.
   §  15.  Subdivision  a of section 11-238 of the administrative code of
 the city of New York, as amended by local law number 27 of the  city  of
 New York for the year 2006, is amended to read as follows:
   a.  Imposition  of  surcharge. A real property tax surcharge is hereby
 imposed on class one AND CLASS ONE-A property,  as  defined  in  section
 eighteen  hundred  two  of  the  real property tax law, excluding vacant
 land, that provides rental income and is not the  primary  residence  of
 the  owner  or  owners of such class one OR CLASS ONE-A property, or the
 primary residence of the parent or child of such owner or owners, in  an
 amount  equal  to zero percent of the net real property taxes for fiscal
 years beginning on or after July first, two thousand  six.  As  used  in
 this  section,  "net  real  property  tax"  means  the real property tax
 assessed on class one property after  deduction  for  any  exemption  or
 abatement received pursuant to the real property tax law or this title.
   §  16. Subdivisions a, a-1, a-2, a-3, a-4 and a-5 of section 11-319 of
 the administrative code of the city of New   York, subdivisions  a,  a-2
 and  a-3  as  amended by local law number 24 of the city of New York for
 the year 2020, subdivision a-1 as amended and subdivision a-5  as  added
 A. 8939                             9
 
 by  local  law  number  15 of the city of New York for the year 2011 and
 subdivision a-4 as amended by local law number 4 of the city of New York
 for the year 2017, are amended to read as follows:
   a.  A  tax  lien  or  tax  liens on a property or any component of the
 amount thereof may be sold by the city as authorized by subdivision b of
 this section, when such tax lien or tax liens shall have remained unpaid
 in whole or in part for one year, provided, however, that a tax lien  or
 tax  liens  on  any  class one property or on class [two] ONE-A property
 [that is a residential condominium or residential cooperative], as  such
 classes  of  property are defined in subdivision one of section eighteen
 hundred two of the real property tax law, may be sold by the  city  only
 when the real property tax component of such tax lien or tax liens shall
 have  remained  unpaid  in  whole or in part for three years and, in the
 case of any such class one property that is not vacant land or any  such
 class  two  property  that  is  a residential condominium or residential
 cooperative, as such classes of property are defined in subdivision  one
 of  section eighteen hundred two of the real property tax law, equals or
 exceeds the sum of five thousand dollars, or, in the case of  any  class
 two  residential property owned by a company organized pursuant to arti-
 cle XI of the state private housing finance law [that is not a  residen-
 tial condominium or a residential cooperative], as such class of proper-
 ty  is defined in subdivision one of section eighteen hundred two of the
 real property tax law, for two years, and equals or exceeds the  sum  of
 five thousand dollars or, in the case of abandoned class one property or
 abandoned  class [two] ONE-A property [that is a residential condominium
 or residential cooperative], for eighteen months, and after  such  sale,
 shall  be  transferred,  in  the  manner  provided  by this chapter, and
 provided, further, however, that (i) the real property tax component  of
 such  tax  lien may not be sold pursuant to this subdivision on any: (A)
 residential real property in class one that is  receiving  an  exemption
 pursuant  to  section 11-245.3 or 11-245.4 of this title, or pursuant to
 section four hundred fifty-eight of  the  real  property  tax  law  with
 respect to real property purchased with payments received as prisoner of
 war compensation from the United States government, or pursuant to para-
 graph   (b)   or   (c)  of  subdivision  two  of  section  four  hundred
 fifty-eight-a of the real property tax law, or where the owner  of  such
 residential  real property in class one is receiving benefits in accord-
 ance with department of finance memorandum 05-3, or any successor  memo-
 randum thereto, relating to active duty military personnel, or where the
 owner  of such residential real property in class one has been allowed a
 credit pursuant to subsection (e) of section six hundred six of the  tax
 law  for  the  calendar year in which the date of the first publication,
 pursuant to subdivision a of section 11-320  of  this  chapter,  of  the
 notice  of  sale,  occurs or for the calendar year immediately preceding
 such date; or (B) real property that was granted an  exemption  pursuant
 to  section  four  hundred twenty-a, four hundred twenty-b, four hundred
 forty-six, or four hundred sixty-two of the real property tax law in one
 of the two fiscal years preceding the date of such sale, provided  that:
 (1)  such  exemption was granted to such real property upon the applica-
 tion of a not-for-profit organization that owns such real property on or
 after the date on which such real property was conveyed to such not-for-
 profit organization; (2) the real property tax component  of  such  lien
 arose  on  or after the date on which such real property was conveyed to
 such not-for-profit organization; and (3) such not-for-profit  organiza-
 tion  is  organized  or  conducted  for one of the purposes described in
 paragraph a or paragraph b of subdivision 1 of section  11-246  of  this
 A. 8939                            10
 
 chapter,  and (ii) the sewer rents component, sewer surcharges component
 or water rents component of such tax lien may not be  sold  pursuant  to
 this  subdivision  on  any one family residential real property in class
 one or on any two or three family residential real property in class one
 that  is receiving an exemption pursuant to section 11-245.3 or 11-245.4
 of this title, or pursuant to section four hundred  fifty-eight  of  the
 real  property  tax  law  with  respect  to real property purchased with
 payments received as prisoner of war compensation from the United States
 government, or pursuant to paragraph (b) or (c) of  subdivision  two  of
 section  four  hundred  fifty-eight-a  of  the real property tax law, or
 where the owner of any two or three family residential real property  in
 class one is receiving benefits in accordance with department of finance
 memorandum 05-3, or any successor memorandum thereto, relating to active
 duty  military  personnel, or where the owner of any two or three family
 residential real property in class one has been allowed a credit  pursu-
 ant  to subsection (e) of section six hundred six of the tax law for the
 calendar year in which the date of the first  publication,  pursuant  to
 subdivision  a of section 11-320 of this chapter, of the notice of sale,
 occurs or for the calendar year immediately preceding such date.  A  tax
 lien  or  tax  liens on any property classified as a class two property,
 except [a class two property that is a residential condominium or  resi-
 dential  cooperative],  or  a  class two residential property owned by a
 company organized pursuant to article XI of the  state  private  housing
 finance  law  [that  is  not  a residential condominium or a residential
 cooperative], or class three property, as such classes of  property  are
 defined  in  subdivision one of section eighteen hundred two of the real
 property tax law, shall not be sold by the city unless such tax lien  or
 tax  liens  include  a real property tax component as of the date of the
 first publication, pursuant to subdivision a of section 11-320  of  this
 chapter,  of  the notice of sale.  Notwithstanding any provision of this
 subdivision to the contrary, any such tax lien or tax liens that  remain
 unpaid  in  whole  or  in part after such date may be sold regardless of
 whether such tax lien or tax liens include a real  property  tax  compo-
 nent.  A  tax lien or tax liens on a property classified as a class four
 property, as such class of property is defined  in  subdivision  one  of
 section  eighteen hundred two of the real property tax law, shall not be
 sold by the city unless such tax lien or tax liens include a real  prop-
 erty  tax  component or sewer rents component or sewer surcharges compo-
 nent or water rents component or  emergency  repair  charges  component,
 where  such  emergency repair charges accrued on or after January first,
 two thousand six and are made a lien pursuant to section 27-2144 of this
 code, as of the date of the first publication, pursuant to subdivision a
 of section 11-320 of this chapter, of  the  notice  of  sale,  provided,
 however,  that  any tax lien or tax liens that remain unpaid in whole or
 in part after such date may be sold regardless of whether such tax  lien
 or  tax  liens include a real property tax component, sewer rents compo-
 nent, sewer surcharges component, water  rents  component  or  emergency
 repair  charges component.   For purposes of this subdivision, the words
 "real property tax" shall not include an assessment or charge upon prop-
 erty imposed pursuant to section 25-411 of the  administrative  code.  A
 sale  of a tax lien or tax liens shall include, in addition to such lien
 or liens that have remained unpaid in whole or in part for one year, or,
 in the case of any class one property  or  class  [two]  ONE-A  property
 [that is a residential condominium or residential cooperative], when the
 real property tax component of such lien or liens has remained unpaid in
 whole or in part for three years, or, in the case of any class two resi-
 A. 8939                            11
 
 dential  property owned by a company organized pursuant to article XI of
 the state private housing finance law [that is not a residential  condo-
 minium  or a residential cooperative], when the real property tax compo-
 nent  of  such lien or liens has remained unpaid in whole or in part for
 two years, and equals or exceeds the sum of five thousand  dollars,  any
 taxes,  assessments,  sewer  rents,  sewer  surcharges, water rents, any
 other charges that are made a lien subject to  the  provisions  of  this
 chapter,  the  costs of any advertisements and notices given pursuant to
 this chapter, any other charges that are due and  payable,  a  surcharge
 pursuant  to  section 11-332 of this chapter, and interest and penalties
 thereon or such component of the amount thereof as shall  be  determined
 by  the commissioner of finance. The commissioner of finance may promul-
 gate rules defining "abandoned" property, as such term is used  in  this
 subdivision.
   a-1. A subsequent tax lien or tax liens on a property or any component
 of  the amount thereof may be sold by the city pursuant to this chapter,
 provided, however, that notwithstanding any provision in this chapter to
 the contrary, such tax lien or tax  liens  may  be  sold  regardless  of
 whether  such  tax lien or tax liens have remained unpaid in whole or in
 part for one year and, notwithstanding any provision in this chapter  to
 the contrary, in the case of any class one property or class [two] ONE-A
 property  [that is a residential condominium or residential cooperative]
 or, beginning January first, two thousand twelve, in  the  case  of  any
 class  two residential property owned by a company organized pursuant to
 article XI of the state private housing finance law [that is not a resi-
 dential condominium or a residential cooperative], such tax lien or  tax
 liens may be sold if the real property tax component of such tax lien or
 tax  liens  has  remained  unpaid  in whole or in part for one year, and
 provided, further, however, that (i) the real property tax component  of
 such  tax lien may not be sold pursuant to this subdivision on any resi-
 dential real property in class one that is receiving an exemption pursu-
 ant to section 11-245.3 or  11-245.4  of  this  title,  or  pursuant  to
 section  four  hundred  fifty-eight  of  the  real property tax law with
 respect to real property purchased with payments received as prisoner of
 war compensation from the United States government, or pursuant to para-
 graph  (b)  or  (c)  of  subdivision  two  of   section   four   hundred
 fifty-eight-a  of  the real property tax law, or where the owner of such
 residential real property in class one is receiving benefits in  accord-
 ance  with department of finance memorandum 05-3, or any successor memo-
 randum thereto, relating to active duty military personnel, or where the
 owner of such residential real property in class one has been allowed  a
 credit  pursuant to subsection (e) of section six hundred six of the tax
 law for the calendar year in which the date of  the  first  publication,
 pursuant  to  subdivision  a  of  section 11-320 of this chapter, of the
 notice of sale, occurs or for the calendar  year  immediately  preceding
 such date and (ii) the sewer rents component, sewer surcharges component
 or  water  rents  component of such tax lien may not be sold pursuant to
 this subdivision on any one family residential real  property  in  class
 one or on any two or three family residential real property in class one
 that  is receiving an exemption pursuant to section 11-245.3 or 11-245.4
 of this title, or pursuant to section four hundred  fifty-eight  of  the
 real  property  tax  law  with  respect  to real property purchased with
 payments received as prisoner of war compensation from the United States
 government, or pursuant to paragraph (b) or (c) of  subdivision  two  of
 section  four  hundred  fifty-eight-a  of  the real property tax law, or
 where the owner of any two or three family residential real property  in
 A. 8939                            12
 
 class one is receiving benefits in accordance with department of finance
 memorandum 05-3, or any successor memorandum thereto, relating to active
 duty  military  personnel, or where the owner of any two or three family
 residential  real property in class one has been allowed a credit pursu-
 ant to subsection (e) of section six hundred six of the tax law for  the
 calendar  year  in  which the date of the first publication, pursuant to
 subdivision a of section 11-320 of this chapter, of the notice of  sale,
 occurs  or  for  the  calendar year immediately preceding such date. For
 purposes of this subdivision, the  term  "subsequent  tax  lien  or  tax
 liens" shall mean any tax lien or tax liens on property that become such
 on  or after the date of sale of any tax lien or tax liens on such prop-
 erty that have been sold pursuant to this  chapter,  provided  that  the
 prior  tax  lien  or tax liens remain unpaid as of the date of the first
 publication, pursuant to subdivision a of section 11-320 of  this  chap-
 ter,  of  the notice of sale of the subsequent tax lien or tax liens.  A
 subsequent tax lien or tax liens on any property classified as  a  class
 two  property, except [a class two property that is a residential condo-
 minium or residential cooperative, or] a class two residential  property
 owned by a company organized pursuant to article XI of the state private
 housing finance law [that is not a residential condominium or a residen-
 tial  cooperative], or class three property, as such classes of property
 are defined in subdivision one of section eighteen hundred  two  of  the
 real  property  tax  law,  shall not be sold by the city unless such tax
 lien or tax liens include a real property tax component as of  the  date
 of the first publication, pursuant to subdivision a of section 11-320 of
 this  chapter,  of  the notice of sale. Notwithstanding any provision of
 this subdivision to the contrary, any such tax lien or  tax  liens  that
 remain unpaid in whole or in part after such date may be sold regardless
 of whether such tax lien or tax liens include a real property tax compo-
 nent.  A  subsequent tax lien or tax liens on a property classified as a
 class four property, as such class of property is defined in subdivision
 one of section eighteen hundred two of the real property tax law,  shall
 not be sold by the city unless such tax lien or tax liens include a real
 property  tax  component  or  sewer  rents component or sewer surcharges
 component or water rents component or emergency  repair  charges  compo-
 nent,  where  such  emergency repair charges accrued on or after January
 first, two thousand six and are made a lien pursuant to section  27-2144
 of  this  code,  as  of  the  date of the first publication, pursuant to
 subdivision a of section 11-320 of this chapter, of the notice of  sale,
 provided,  however, that any tax lien or tax liens that remain unpaid in
 whole or in part after such date may be sold regardless of whether  such
 tax lien or tax liens include a real property tax component, sewer rents
 component, sewer surcharges component, water rents component or emergen-
 cy repair charges component. For purposes of this subdivision, the words
 "real property tax" shall not include an assessment or charge upon prop-
 erty  imposed  pursuant  to  section  25-411 of the administrative code.
 Nothing in  this  subdivision  shall  be  deemed  to  limit  the  rights
 conferred  by section 11-332 of this chapter on the holder of a tax lien
 certificate with respect to a subsequent tax lien.
   a-2. In addition to any sale authorized pursuant to subdivision  a  or
 subdivision  a-1  of  this  section and notwithstanding any provision of
 this chapter to the contrary, beginning on December first, two  thousand
 seven,  the  water rents, sewer rents and sewer surcharges components of
 any tax lien on any class of real property, as  such  real  property  is
 classified  in  subdivision  one  of section eighteen hundred two of the
 real property tax law, may be sold by the city pursuant to this chapter,
 A. 8939                            13

 where such water rents, sewer rents or  sewer  surcharges  component  of
 such  tax  lien,  as  of  the date of the first publication, pursuant to
 subdivision a of section 11-320 of this chapter, of the notice of  sale:
 (i) shall have remained unpaid in whole or in part for one year and (ii)
 equals or exceeds the sum of one thousand dollars or, beginning on March
 first, two thousand eleven, in the case of any two or three family resi-
 dential  real property in class one, for one year, and equals or exceeds
 the sum of two thousand dollars, or, beginning  on  January  first,  two
 thousand  twenty-one, in the case of any two or three family residential
 real property in class one, for one year, and equals or exceeds the  sum
 of  three thousand dollars, or, beginning on January first, two thousand
 twelve, in the case of any class two residential  property  owned  by  a
 company  organized  pursuant  to article XI of the state private housing
 finance law [that is not a  residential  condominium  or  a  residential
 cooperative], as such class of property is defined in subdivision one of
 section  eighteen  hundred  two  of  the  real property tax law, for two
 years, and equals or exceeds the sum of five thousand dollars; provided,
 however, that such water rents, sewer rents or sewer  surcharges  compo-
 nent  of  such  tax lien may not be sold pursuant to this subdivision on
 any one family residential real property in class one or on any  two  or
 three family residential real property in class one that is receiving an
 exemption  pursuant  to  section  11-245.3 or 11-245.4 of this title, or
 pursuant to section four hundred fifty-eight of the  real  property  tax
 law  with  respect  to real property purchased with payments received as
 prisoner of war compensation  from  the  United  States  government,  or
 pursuant  to  paragraph  (b)  or  (c) of subdivision two of section four
 hundred fifty-eight-a of the real property tax law, or where  the  owner
 of  any  two  or  three family residential real property in class one is
 receiving benefits in accordance with department of  finance  memorandum
 05-3, or any successor memorandum thereto, relating to active duty mili-
 tary  personnel,  or where the owner of any two or three family residen-
 tial real property in class one has been allowed a  credit  pursuant  to
 subsection  (e) of section six hundred six of the tax law for the calen-
 dar year in which the date of the first publication, pursuant to  subdi-
 vision  a  of  section  11-320  of  this chapter, of the notice of sale,
 occurs or for the calendar year immediately preceding such date.   After
 such  sale, any such water rents, sewer rents or sewer surcharges compo-
 nent of such tax lien may be transferred in the manner provided by  this
 chapter.
   a-3.  In  addition to any sale authorized pursuant to subdivision a or
 subdivision a-1 of this section and  notwithstanding  any  provision  of
 this  chapter to the contrary, beginning on December first, two thousand
 seven, a subsequent tax lien on any class of real property, as such real
 property is classified in subdivision one of  section  eighteen  hundred
 two  of  the  real property tax law, may be sold by the city pursuant to
 this chapter, regardless of whether such subsequent  tax  lien,  or  any
 component  of the amount thereof, shall have remained unpaid in whole or
 in part for one year, and regardless  of  whether  such  subsequent  tax
 lien,  or any component of the amount thereof, equals or exceeds the sum
 of one thousand dollars or beginning on March first, two thousand  elev-
 en,  in the case of any two or three family residential real property in
 class one, a subsequent tax lien on such property may  be  sold  by  the
 city pursuant to this chapter, regardless of whether such subsequent tax
 lien, or any component of the amount thereof, shall have remained unpaid
 in  whole or in part for one year, and regardless of whether such subse-
 quent tax lien, or any  component  of  the  amount  thereof,  equals  or
 A. 8939                            14
 
 exceeds the sum of two thousand dollars, or, beginning on January first,
 two thousand twenty-one, in the case of any two or three family residen-
 tial  real property in class one, a subsequent tax lien on such property
 may  be sold by the city pursuant to this chapter, regardless of whether
 such subsequent tax lien, or any component of the amount thereof,  shall
 have remained unpaid in whole or in part for one year, and regardless of
 whether  such subsequent tax lien, or any component of the amount there-
 of, equals or exceeds the sum of three thousand dollars,  or,  beginning
 on  January  first,  two  thousand  twelve, in the case of any class two
 residential property owned by a company organized pursuant to article XI
 of the state private housing finance law  [that  is  not  a  residential
 condominium  or a residential cooperative], as such class of property is
 defined in subdivision one of section eighteen hundred two of  the  real
 property  tax law, a subsequent tax lien on such property may be sold by
 the city pursuant to this chapter, regardless of whether such subsequent
 tax lien, or any component of the amount thereof,  shall  have  remained
 unpaid in whole or in part for two years, and regardless of whether such
 subsequent  tax  lien, or any component of the amount thereof, equals or
 exceeds the sum of five thousand dollars; provided, however,  that  such
 subsequent  tax lien may not be sold pursuant to this subdivision on any
 one family residential real property in class one or on any two or three
 family residential real property in  class  one  that  is  receiving  an
 exemption  pursuant  to  section  11-245.3 or 11-245.4 of this title, or
 pursuant to section four hundred fifty-eight of the  real  property  tax
 law  with  respect  to real property purchased with payments received as
 prisoner of war compensation  from  the  United  States  government,  or
 pursuant  to  paragraph  (b)  or  (c) of subdivision two of section four
 hundred fifty-eight-a of the real property tax law, or where  the  owner
 of  any  two  or  three family residential real property in class one is
 receiving benefits in accordance with department of  finance  memorandum
 05-3, or any successor memorandum thereto, relating to active duty mili-
 tary  personnel,  or where the owner of any two or three family residen-
 tial real property in class one has been allowed a  credit  pursuant  to
 subsection  (e) of section six hundred six of the tax law for the calen-
 dar year in which the date of the first publication, pursuant to  subdi-
 vision  a  of  section  11-320  of  this chapter, of the notice of sale,
 occurs or for the calendar year immediately preceding such date.   After
 such  sale, any such subsequent tax lien, or any component of the amount
 thereof, may be transferred in the manner provided by this chapter.  For
 purposes  of this subdivision, the term "subsequent tax lien" shall mean
 the water rents, sewer rents or sewer surcharges component  of  any  tax
 lien  on  property that becomes such on or after the date of sale of any
 water rents, sewer rents or sewer surcharges component of any  tax  lien
 on  such  property that has been sold pursuant to this chapter, provided
 that the prior tax lien remains unpaid as  of  the  date  of  the  first
 publication,  pursuant  to subdivision a of section 11-320 of this chap-
 ter, of the notice of sale of the subsequent tax lien. Nothing  in  this
 subdivision  shall  be  deemed  to limit the rights conferred by section
 11-332 of this chapter on the holder of  a  tax  lien  certificate  with
 respect to a subsequent tax lien.
   a-4.  In  addition  to  any sale authorized pursuant to subdivision a,
 a-1, a-2 or a-3 of this section and  notwithstanding  any  provision  of
 this  chapter  to  the  contrary, beginning on March first, two thousand
 eleven, the emergency repair charges component or  alternative  enforce-
 ment  expenses  and  fees component, where such emergency repair charges
 accrued on or after January first, two thousand six and are made a  lien
 A. 8939                            15
 
 pursuant  to  section  27-2144  of  this code, or where such alternative
 enforcement expenses and fees  are  made  a  lien  pursuant  to  section
 27-2153  of this code, of any tax lien on any class of real property, as
 such  real  property  is  defined in subdivision one of section eighteen
 hundred two of the real property tax law, may be sold by the city pursu-
 ant to this chapter, where such emergency repair  charges  component  or
 alternative enforcement expenses and fees component of such tax lien, as
 of  the  date  of  the  first  publication, pursuant to subdivision a of
 section 11-320 of this chapter, of the notice of sale:  (i)  shall  have
 remained  unpaid  in  whole  or in part for one year, and (ii) equals or
 exceeds the sum of one thousand dollars or, beginning on January  first,
 two  thousand  twelve, in the case of any class two residential property
 owned by a company organized pursuant to article XI of the state private
 housing finance law [that is not a residential condominium or a residen-
 tial cooperative], as such class of property is defined  in  subdivision
 one  of  section  eighteen hundred two of the real property tax law, for
 two years, and equals or exceeds  the  sum  of  five  thousand  dollars;
 provided,  however,  that  such  emergency  repair  charges component or
 alternative enforcement expenses and fees component of such tax lien may
 only be sold pursuant to this subdivision on any one, two or three fami-
 ly residential real property in class one, where such one, two or  three
 family residential property in class one is not the primary residence of
 the  owner. After such sale, any such emergency repair charges component
 or alternative enforcement expenses and fees component of such tax  lien
 may be transferred in the manner provided by this chapter.
   a-5.  In  addition  to  any sale authorized pursuant to subdivision a,
 a-1, a-2 or a-3 of this section and  notwithstanding  any  provision  of
 this  chapter  to  the  contrary, beginning on March first, two thousand
 eleven, a subsequent tax lien on any class of real property,  or  begin-
 ning  on January first, two thousand twelve in the case of any class two
 residential property owned by a company organized pursuant to article XI
 of the state private housing finance law  [that  is  not  a  residential
 condominium or a residential cooperative], a subsequent tax lien on such
 property,  may  be sold by the city pursuant to this chapter, regardless
 of the length of time such subsequent tax lien, or any component of  the
 amount thereof, shall have remained unpaid, and regardless of the amount
 of  such  subsequent  tax lien. After such sale, any such subsequent tax
 lien, or any component of the amount thereof, may be transferred in  the
 manner  provided  by this chapter. For purposes of this subdivision, the
 term "subsequent tax lien"  shall  mean  the  emergency  repair  charges
 component  or alternative enforcement expenses and fees component, where
 such emergency repair charges accrued on or  after  January  first,  two
 thousand  six  and  are  made a lien pursuant to section 27-2144 of this
 code, or where such alternative enforcement expenses and fees are made a
 lien pursuant to section 27-2153 of this code, of any tax lien on  prop-
 erty  that  becomes  such  on or after the date of sale of any emergency
 repair charges component or alternative enforcement  expenses  and  fees
 component,  of any tax lien on such property that has been sold pursuant
 to this chapter, provided that the prior tax lien remains unpaid  as  of
 the  date of the first publication, pursuant to subdivision a of section
 11-320 of this chapter, of the notice of  sale  of  the  subsequent  tax
 lien.  Nothing  in  this subdivision shall be deemed to limit the rights
 conferred by section 11-332 of this chapter on the holder of a tax  lien
 certificate with respect to a subsequent tax lien.
   §  17.   Subparagraph (i) of paragraph 2 of subdivision b and subpara-
 graph (ii) of paragraph 1 of subdivision h  of  section  11-320  of  the
 A. 8939                            16
 
 administrative  code  of the city of New York, subparagraph (i) of para-
 graph 2 of subdivision b as amended by local law number 147 of the  city
 of  New  York  for the year 2013 and subparagraph (ii) of paragraph 1 of
 subdivision  h  as  added by local law number 15 of the city of New York
 for the year 2011, are amended to read as follows:
   (i) Such notices shall also include,  with  respect  to  any  property
 owner in class one, CLASS ONE-A or class two, as such classes of proper-
 ty are defined in subdivision one of section eighteen hundred two of the
 real property tax law, an exemption eligibility checklist. The exemption
 eligibility checklist shall also be posted on the website of the depart-
 ment no later than the first business day after March fifteenth of every
 year  prior to the date of sale, and shall continue to be posted on such
 website until ten days prior to the date of sale.  Within  ten  business
 days of receipt of a completed exemption eligibility checklist from such
 property  owner,  provided that such receipt occurs prior to the date of
 sale of any tax lien or tax liens on his or her property, the department
 of finance shall review such checklist to determine, based on the infor-
 mation provided by the property owner, whether such property owner could
 be eligible for any exemption, credit or other benefit that would  enti-
 tle  them  to  be  excluded  from a tax lien sale and, if the department
 determines that such property owner  could  be  eligible  for  any  such
 exemption,  credit  or  other benefit, shall mail such property owner an
 application for the appropriate exemption, credit or other benefit.  If,
 within  twenty  business  days  of  the  date the department mailed such
 application, the department has not  received  a  completed  application
 from  such property owner, the department shall mail such property owner
 a second application, and shall telephone the  property  owner,  if  the
 property owner has included his or her telephone number on the exemption
 eligibility checklist.
   (ii)  all  class two residential property owned by a company organized
 pursuant to article XI of the state private housing finance law [that is
 not a residential condominium or a residential cooperative] on which any
 tax lien has been sold pursuant to subdivision a, a-2 or a-4 of  section
 11-319 of this title.
   §  18. Subdivision (a) of section 11-354 of the administrative code of
 the city of New York, as amended by local law number 37 of the  city  of
 New York for the year 1996, is amended to read as follows:
   (a) Notwithstanding any other provision of law and notwithstanding any
 omission  to  hold  a tax lien sale, whenever any tax, assessment, sewer
 rent, sewer surcharge, water rent,  any  charge  that  is  made  a  lien
 subject to the provisions of this chapter or chapter four of this title,
 or  interest and penalties thereon, has been due and unpaid for a period
 of at least one year from the date on which the tax, assessment or other
 legal charge represented thereby became a lien, or in the  case  of  any
 class one property or any class [two] ONE-A property [that is a residen-
 tial condominium or residential cooperative], as such classes of proper-
 ty are defined in subdivision one of section eighteen hundred two of the
 real  property tax law, or in the case of a multiple dwelling owned by a
 company organized pursuant to article XI of the private housing  finance
 law with the consent and approval of the department of housing preserva-
 tion and development, for a period of at least three years from the date
 on  which  the  tax, assessment or other legal charge became a lien, the
 city, as owner of a tax lien, may maintain  an  action  in  the  supreme
 court  to  foreclose  such  lien.  Such  action shall be governed by the
 procedures set forth in section 11-335 of this chapter; provided, howev-
 er, that such parcel shall only  be  sold  to  the  highest  responsible
 A. 8939                            17
 
 bidder. Such purchaser shall be deemed qualified as a responsible bidder
 pursuant to such criteria as are established in rules promulgated by the
 commissioner  of  finance  after  consultation  with the commissioner of
 housing preservation and development.
   §  19. The opening paragraph of subdivision 4 of section 11-401 of the
 administrative code of the city of New  York,  as  added  by  local  law
 number 152 of the city of New York for the year 2017, is amended to read
 as follows:
   "Distressed  property."  Any parcel of class one, CLASS ONE-A or class
 two real property that is subject to a tax lien  or  liens  that  result
 from  an  environmental control board judgment against the owner of such
 parcel for a building code violation with  a  lien  or  liens  to  value
 ratio, as determined by the commissioner of finance, equal to or greater
 than  25  percent  or any parcel of class one, CLASS ONE-A, or class two
 real property that is subject to a tax lien or  liens  with  a  lien  or
 liens  to  value  ratio,  as  determined by the commissioner of finance,
 equal to or greater than fifteen percent  and  that  meets  one  of  the
 following two criteria:
   §  20.  Subdivisions a and b of section 11-401.1 of the administrative
 code of the city of New York, as added by local law  number  37  of  the
 city of New York for the year 1996, are amended to read as follows:
   a. The commissioner of finance shall, not less than sixty days preced-
 ing  the  date  of  the  sale  of a tax lien or tax liens, submit to the
 commissioner of housing preservation and development  a  description  by
 block  and  lot,  or by such other identification as the commissioner of
 finance may deem appropriate, of any parcel of class one, CLASS ONE-A or
 class two real property on which there is a tax lien that may  be  fore-
 closed  by the city. The commissioner of housing preservation and devel-
 opment shall determine, and direct the commissioner of finance, not less
 than ten days preceding the date of the sale of a tax lien or tax liens,
 whether any such parcel is a distressed property as defined in  subdivi-
 sion four of section 11-401 of this chapter. Any tax lien on a parcel so
 determined  to  be  a  distressed property shall not be included in such
 sale. In connection with a subsequent sale of a tax lien or  tax  liens,
 the  commissioner of finance may, not less than sixty days preceding the
 date of the sale, resubmit to the commissioner of  housing  preservation
 and  development  a description by block and lot, or by such other iden-
 tification as the commissioner of finance may deem appropriate,  of  any
 parcel  of  class  one,  CLASS ONE-A or class two real property that was
 previously determined to be a distressed property pursuant to this para-
 graph and on which there is a tax lien that  may  be  included  in  such
 sale.  The  commissioner  of  housing preservation and development shall
 determine, and direct the commissioner of finance,  not  less  than  ten
 days  preceding  the  date  of  the  sale, whether such parcel remains a
 distressed property. If the commissioner  of  housing  preservation  and
 development  determines  that  the  parcel is not a distressed property,
 then the tax lien on the parcel may be included in the sale.
   b. The commissioner of housing preservation and development may  peri-
 odically  review whether a parcel of class one, CLASS ONE-A or class two
 real property that is subject to subdivision c of this section or subdi-
 vision j of section 11-412.1 of this chapter remains a distressed  prop-
 erty. If the commissioner determines that the parcel is not a distressed
 property  as defined in subdivision four of section 11-401 of this chap-
 ter, then the parcel shall not be subject to such subdivisions.
 A. 8939                            18
 
   § 21. Subdivision b of section 11-404 of the  administrative  code  of
 the  city  of New York, as amended by local law number 37 of the city of
 New York for the year 1996, is amended to read as follows:
   b. A tax lien on any class one property or any class [two] ONE-A prop-
 erty  [that is a residential condominium or residential cooperative], as
 such classes of property are defined in subdivision one of section eigh-
 teen hundred two of the real property  tax  law,  and  on  any  multiple
 dwelling  owned  by  a  company  organized pursuant to article XI of the
 private housing finance law with the consent and approval of the depart-
 ment of housing preservation and development, shall not be foreclosed in
 the manner provided in this chapter until such tax lien has been due and
 unpaid for a period of at least three years from the date on  which  the
 tax, assessment or other legal charge represented thereby became a lien.
   §  22.  Paragraph 5 of subdivision c of section 11-405 of the adminis-
 trative code of the city of New York, as added by local law number 37 of
 the city of New York for the year 1996, is amended to read as follows:
   (5) Notwithstanding paragraph one, two or three of  this  subdivision,
 with  respect to installment agreements duly made, executed and filed on
 or after the date on which this paragraph takes effect, the commissioner
 of finance may also exclude or thereafter  remove  from  such  list  any
 parcel  of class one, CLASS ONE-A or class two real property, other than
 a parcel described in paragraph four of this subdivision, as to which an
 agreement has been duly made, executed and filed with such  commissioner
 for  the  payment  of  the  delinquent taxes, assessments or other legal
 charges, and the interest and penalties thereon,  in  installments.  The
 first  installment thereof shall be paid upon the filing of the install-
 ment agreement with the commissioner and shall be in an amount equal  to
 not  less  than  fifteen  percent of the total amount of such delinquent
 taxes, assessments or other legal charges and the interest and penalties
 thereon. The remaining installments, which shall be twice the number  of
 unpaid  quarters  of  real  estate  taxes or the equivalent thereof, but
 which shall in no event exceed thirty-two in number,  shall  be  payable
 quarterly on the first days of July, October, January and April. For the
 purposes  of  calculating  the  number  of  such remaining installments,
 unpaid real estate taxes that are due and payable on other than a  quar-
 terly basis shall be deemed to be payable on a quarterly basis.
   § 23. Section 581 of the real property tax law is REPEALED.
   §  24.  Subdivision  1  of  section 339-y of the real property law, as
 amended by chapter 218 of the laws of 1986, subparagraph (ii)  of  para-
 graph  (d)  as amended by chapter 223 of the laws of 1989, paragraph (e)
 as added by chapter 135 of the laws of 1996 and paragraph (f)  as  added
 by chapter 293 of the laws of 1997, is amended to read as follows:
   1.  (a)  With  respect  to all property submitted to the provisions of
 this article other than property which is the  subject  of  a  qualified
 leasehold  condominium, each unit and its common interest, not including
 any personal property, shall be deemed to  be  a  parcel  and  shall  be
 subject  to  separate  assessment  and  taxation by each assessing unit,
 school district, special district, county or other taxing unit, for  all
 types of taxes authorized by law including but not limited to special ad
 valorem  levies and special assessments, except that the foregoing shall
 not apply to a unit held under lease or sublease unless the  declaration
 requires  the  unit  owner  to  pay  all taxes attributable to his unit.
 Neither the building, the property nor any of the common elements  shall
 be deemed to be a parcel.
 A. 8939                            19
 
   (b)  [In  no  event shall the aggregate of the assessment of the units
 plus their common interests exceed the total valuation of  the  property
 were the property assessed as a parcel.
   (c)]  For  the  purposes  of  this and the next succeeding section the
 terms "assessing unit",  "assessment",  "parcel",  "special  ad  valorem
 levy",  "special assessment", "special district", "taxation" and "taxes"
 shall have the meanings specified in section one hundred two of the real
 property tax law.
   [(d) The provisions of paragraph (b) of  this  subdivision  shall  not
 apply to such real property classified within:
   (i) on and after January first, nineteen hundred eighty-six, class one
 of  section one thousand eight hundred two of the real property tax law;
 or
   (ii) on and after January first,  nineteen  hundred  eighty-four,  the
 homestead  class  of  an  approved  assessing unit which has adopted the
 provisions of section one thousand nine hundred three of the real  prop-
 erty  tax law, or the homestead class of the portion outside an approved
 assessing unit of an eligible split school district  which  has  adopted
 the  provisions of section nineteen hundred three-a of the real property
 tax law; provided, however, that, in an approved  assessing  unit  which
 adopted the provisions of section one thousand nine hundred three of the
 real  property  tax law prior to the effective date of this subdivision,
 paragraph (b) of this subdivision shall apply to all such real  property
 (i) which is classified within the homestead class pursuant to paragraph
 one  of  subdivision (e) of section one thousand nine hundred one of the
 real property tax law and (ii) which, regardless of classification,  was
 on  the  assessment roll prior to the effective date of this subdivision
 unless the governing body of such approved assessing  unit  provides  by
 local  law  adopted  after a public hearing, prior to the taxable status
 date of such assessing unit next occurring after December  thirty-first,
 nineteen  hundred  eighty-three, that such paragraph (b) shall not apply
 to such real property to which this clause  applies.  Provided  further,
 however,  real  property  subject to the provisions of this subparagraph
 shall be assessed pursuant to subdivision two of  section  five  hundred
 eighty-one of the real property tax law.
   (e)] (C) On the first assessment roll with a taxable status date on or
 after the effective date of a declaration filed with the recording offi-
 cer  and  on  every assessment roll thereafter, the assessor shall enter
 each unit as a parcel, as provided in paragraph (a) of this subdivision,
 based upon the condition and ownership of each such unit on  the  appro-
 priate  valuation  and  taxable status dates. Units owned by a developer
 may be entered as a single parcel with a parcel description  correspond-
 ing  to  the  entire development, including the land under such develop-
 ment, and excluding those units appearing  separately.  Upon  the  first
 assessment roll where each unit is separately assessed, only an individ-
 ual unit and its common interest shall constitute a parcel.
   [(f)  The  provisions  of  paragraph (b) of this subdivision shall not
 apply to a converted condominium unit in a municipal  corporation  other
 than  a  special assessing unit, which has adopted, prior to the taxable
 status date of the assessment roll upon which its taxes will be  levied,
 a  local  law or, for a school district, a resolution providing that the
 provisions of paragraph (b) of this subdivision shall  not  apply  to  a
 converted  condominium  unit  within  that  municipal  corporation.    A
 converted condominium unit for purposes of this paragraph shall  mean  a
 dwelling  unit held in condominium form of ownership that has previously
 been on an assessment roll as a dwelling unit in other than  condominium
 A. 8939                            20

 form of ownership, and has not been previously subject to the provisions
 of paragraph (b) of this subdivision.]
   § 25. This act shall take effect on the first of January next succeed-
 ing  the  date  on  which  it shall have become a law and shall apply to
 assessment rolls prepared pursuant to a taxable status date occurring on
 or after such  date.  Effective  immediately,  the  addition,  amendment
 and/or repeal of any rule or regulation necessary for the implementation
 of  this  act  on  its  effective  date  are  authorized  to be made and
 completed on or before such effective date.