A4334-2011 Actions

• Jan 4, 2012: referred to real property taxation
• Feb 3, 2011: referred to real property taxation

A4334-2011 Text

 S T A T E   O F   N E W   Y O R K
 
 
                                         4334
 2011-2012 Regular Sessions
 I N  ASSEMBLY
 February 3, 2011
 
 Introduced  by  M.  of  A.  McDONOUGH  --  read once and referred to the
 Committee on Real Property Taxation
 

AN ACT to amend the real property tax law, in relation to  providing  an
 optional prepayment of property taxes in monthly payments
 

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 510-b to read as follows:

 

S  510-B.  OPTIONAL  PREPAYMENT OF PROPERTY TAXES IN MONTHLY PAYMENTS.
 NOTWITHSTANDING THE PROVISIONS OF ANY GENERAL, SPECIAL OR LOCAL  LAW  TO
 THE  CONTRARY, THE LEGISLATIVE BODY OF TOWNS, COUNTIES OR CITIES, HAVING
 POWER TO DETERMINE THE TAXABLE STATUS OF PROPERTY FOR TAX  PURPOSES  MAY
 BY  RESOLUTION  PROVIDE PROPERTY OWNERS THE OPTION OF MAKING PREPAYMENTS
 OF PROPERTY TAXES IN TEN MONTHLY PAYMENTS BEGINNING ON THE FIRST OF JUNE
 OF THE YEAR IN WHICH THE TAX BILL IS PREPARED AND ENDING ON THE FIRST OF
 MARCH OF THE FOLLOWING YEAR. THE FIRST NINE MONTHLY PAYMENTS SHALL  EACH
 BE  IN  AN  AMOUNT EQUAL TO TEN PERCENT OF THE PRIOR YEAR'S PROPERTY TAX
 BILL AND THE FINAL PAYMENT ON THE FIRST OF MARCH SHALL BE IN  AN  AMOUNT
 EQUAL TO THE BALANCE OF THE TAX DUE.
 

S 2. This act shall take effect on the second of January next succeed
 ing the date on which it shall have become a law and apply to assessment
 rolls based upon taxable status dates occurring on or after such date.
 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD08441-01-1

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