Bill S5679-2013

Relates to tax billing addresses

Relates to tax billing addresses.

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  • Jan 8, 2014: REFERRED TO LOCAL GOVERNMENT
  • Jun 4, 2013: REFERRED TO LOCAL GOVERNMENT

Memo

BILL NUMBER:S5679

TITLE OF BILL: An act to amend the real property tax law, in relation to tax billing addresses

PURPOSE: The purpose of this bill is to relieve local assessor offices of the undue and unnecessary burden of adding a code to notification forms for creation or termination of a mortgage escrow account.

SUMMARY OF PROVISIONS:

Section 1: amends Section 518 of the real property tax law to state that where the "tax billing address" is for a mortgage investing institution or agent thereof, the assessor shall make no entry.

Section 2: amends Subdivision 9 of section 953 of the real property tax law, removes the requirement that reports made by mortgage investing institutions regarding the creation of a mortgage escrow accounts and changes in a tax billing addresses be entered on the "assessment roll"

Section 3: Effective date.

JUSTIFICATION: Under current law, banks or tax service organizations (TSOs) send notification of the creation or termination of mortgage escrow accounts to the County Director. The County sorts boxes of forms and forwards them to the appropriate assessor, who then adds a code to their data file for the bank or TSO. Small banks generally request bills directly from the Receiver of Taxes who pulls and sends them to that bank. Large TSOs get their bills electronically from the County directly. in either case, the bank code on the assessor's file is never used for any purpose.

A great deal of time and labor is committed to the adding of assessor codes to the notification forms for creation or termination of a mortgage escrow account Given these codes are not used for any purpose, this bill would provide much-needed mandate relief to many of our local assessor offices and governments without impacting any use or service whatsoever.

LEGISLATIVE HISTORY: New bill.

FISCAL IMPLICATIONS: None.

EFFECTIVE DATE: Immediate.


Text

STATE OF NEW YORK ________________________________________________________________________ 5679 2013-2014 Regular Sessions IN SENATE June 4, 2013 ___________
Introduced by Sen. LARKIN -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the real property tax law, in relation to tax billing addresses THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 518 of the real property tax law, as amended by chapter 145 of the laws of 1990, is amended to read as follows: S 518. Change in tax billing address. Where the assessor receives a report of a transfer occurring after the taxable status date, or is otherwise notified of a change in tax billing address, the assessor shall enter the new tax billing address on the data file, as that term is defined in section fifteen hundred eighty-one of this chapter. Where no such data file exists, the assessor shall enter the new tax billing address on the assessment roll. If the assessor does not have custody of the assessment roll when such report is received, he or she shall report the new tax billing address to the person having custody of the tax roll, which person shall enter the new tax billing address on the tax roll. Nothing contained herein shall be construed to authorize a change of the name of the owner included in the data file or appearing on the roll. WHERE SUCH "TAX BILLING ADDRESS" IS A MORTGAGE INVESTING INSTITU- TION OR AGENT THEREOF, THE ASSESSOR SHALL MAKE NO ENTRY. S 2. Subdivision 9 of section 953 of the real property tax law, as amended by chapter 145 of the laws of 1990 and as further amended by subdivision (b) of section 1 of part W of chapter 56 of the laws of 2010, is amended to read as follows: 9. Every mortgage investing institution shall, no later than the twen- ty-fifth day of each month, report to the county director of real prop- erty tax services, or the commissioner of finance for property located in the city of New York, on a form prescribed or approved by the commis- sioner, the creation of a real property tax escrow account, or any
change of a tax billing address required by a transfer or termination of a real property tax escrow account pursuant to subdivisions seven and eight of this section, occurring during the prior month with respect to real property located in such county or city, as the case may be. The county director or the commissioner of finance of the city of New York shall thereupon furnish a copy of such report to the person or persons having custody and control of the appropriate [assessment roll,] tax roll or data file, as defined in section fifteen hundred eighty-one of this chapter, and such person or persons are hereby authorized and directed upon receipt of such report to enter the appropriate tax bill- ing address on such [assessment roll,] tax roll or data file. S 3. This act shall take effect immediately.

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