NY A10080

Restructures state aid for property assessment by replacing triennial and annual aid programs with a per-parcel payment system: $5 per parcel for assessments with revaluations implemented per an approved plan, and $2 per parcel for assessments without approved revaluations.

Requires assessing units receiving aid to implement revaluations on a plan-based schedule of at least once every four years, with inventory data collected at least once every six years, subject to state board approval.

Imposes a penalty requiring assessing units that fail to implement a revaluation per their approved plan to remit back all state aid received for subsequent assessment rolls until compliance is achieved.

Caps individual assessing unit grants at $500,000 annually and allows units to withdraw from approved plans with responsibility only for per-parcel payments in non-revaluation years.

Takes effect immediately and applies to assessment rolls with taxable status dates on or after March 1, 2010.