BILL NUMBER: S9255

SPONSOR: THOMAS
 
TITLE OF BILL:

An act to amend chapter 401 of the laws of 2002, amending the real prop-
erty tax law and the Nassau county administrative code relating to
assessment and review of assessments in the county of Nassau, in
relation to extending certain provisions thereof

 
SUMMARY OF PROVISIONS:

Section one extends sections 2, 4, and 7 of chapter 401 of 2002 until
June 30, 2026.

Section two provides that the act shall take effect immediately.

 
EXISTING LAW:

Chapter 401 of 2002 reshaped the assessment review procedure in Nassau
County. This chapter strengthened the Assessment Review Commission's
(ARC) ability to review and resolve assessment challenges before the
              

assessment roll becomes final. More specifically, section two of the
Chapter retains the existing law's valuation date but makes it applica-
ble to the following year's final roll. This section also codified ARC's
authority to accept and consider evidence of value as of the statutory
evaluation date based on conditions in existence at the time of the
hearing.

Section four of Chapter 401 of 2002 provided that the tentative assess-
ment roll shall be completed and verified as the final assessment roll
on or before the first business day of April in the year following its
initial publication.

Section seven of the Chapter provides that if there is a change in the
exempt status, construction of new improvements or destruction of exist-
ing improvements between publication of the tentative assessment roll
and the taxable status date for the following year, the Board of Asses-
sors shall determine a new assessment or correct the exempt status of
the property. The aforementioned provisions are due to expire and be
deemed repealed on June 30, 2024 and this bill would extend said
provisions until June 30, 2026.

 
JUSTIFICATION:

This bill extends until June 30, 2026 provisions in Chapter 401 of 2002
that are due to expire on June 30, 2024. This extension will keep the
status quo within Nassau County's current property tax administration
procedures.

 
LEGISLATIVE HISTORY:

2021-2022: A10121 (Lavine)- Chapter 289 of the Laws of 2018.

 
FISCAL IMPLICATIONS:

None.

 
EFFECTIVE DATE:
Immediately.