Senate Bill S259

2009-2010 Legislative Session

Authorizes reassessment of real property based upon substantial change in valuation based on physical, statutory or economic conditions without affecting state aid

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Sponsored By

Archive: Last Bill Status - In Senate Committee Local Government Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2009-S259 (ACTIVE) - Details

Current Committee:
Senate Local Government
Law Section:
Real Property Tax Law
Laws Affected:
Amd §1573, RPT L
Versions Introduced in 2011-2012 Legislative Session:
S548

2009-S259 (ACTIVE) - Summary

Authorizes the reassessment of real property based upon the substantial change in valuation of real property based upon physical, statutory or economic conditions, without affecting the state aid for reassessment; increases state assistance payable from $5 to $15 per parcel.

2009-S259 (ACTIVE) - Sponsor Memo

2009-S259 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                   259

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 7, 2009
                               ___________

Introduced  by  Sen.  LITTLE -- 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 state  assist-
  ance for local real property tax reassessment

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The opening paragraph and paragraph (a) of subdivision 2 of
section 1573 of the real property tax  law,  the  opening  paragraph  as
amended  by chapter 655 of the laws of 2004 and paragraph (a) as amended
by chapter 212 of the laws of 2006, are amended to read as follows:
  State assistance pursuant to subdivision one of this section shall  be
payable as follows in an amount not to exceed [five] FIFTEEN dollars per
parcel  for  each separately assessed parcel appearing on the applicable
assessment roll, excluding parcels which are wholly exempt  or  assessed
by the state board:
  (a)  Triennial  aid  shall  be payable when the state board determines
that the assessing unit has implemented a  revaluation  or  update  that
includes  the reinspection and reappraisal of all locally assessed prop-
erties.  However, no assessing unit may qualify for  this  payment  more
than  once  in  a three year period[, and no aid may be paid pursuant to
this paragraph with respect to any assessment roll filed after the  year
two  thousand  eleven].  PROVIDED, THAT NO PROVISION OF THIS SUBDIVISION
SHALL PROHIBIT ANY ASSESSOR FROM ADJUSTING,  AT  ANY  TIME  DURING  SUCH
THREE  YEAR  PERIOD  OF  TIME, THE ASSESSMENT OF ANY PARCEL THE VALUE OF
WHICH HAS BEEN SUBSTANTIALLY AFFECTED BY A CHANGE IN PHYSICAL, STATUTORY
OR ECONOMIC CONDITIONS, AND SUCH ADJUSTED ASSESSMENT SHALL BE DEEMED  TO
HAVE BEEN IN EFFECT AND SHALL BE COMPUTED AS OF THE DATE OF VALUATION BY
THE ASSESSING UNIT.
  S 2. This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00109-01-9

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