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NY S01942
Bill
Status
1/14/2011
Primary Sponsor
Kenneth LaValle
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AI Summary
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Allows senior citizens who purchase property after the tax levy to apply for enhanced school tax relief exemption within 30 days of title transfer
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Requires assessor to determine within 30 days whether the property would have qualified for exemption status on the original tax roll had the applicant owned it on the taxable status date
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Permits applicant to file a written complaint with the Board of Assessment Review within 20 days of the assessor's notice to challenge the exemption amount determination
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Grants Board of Assessment Review authority to schedule a hearing and make a final exemption determination, with further review available under Article Seven of the Real Property Tax Law
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Takes effect immediately and applies to real property transferred to qualified senior citizens after taxable status dates occurring on or after the effective date
Legislative Description
Provides that where a person who meets the requirements for an enhanced exemption for property owned by senior citizens purchases real property after the levy of taxes, such person may file an application for exemption to the assessor within thirty days of the transfer of title to such person for such exemption.
Last Action
REPORTED AND COMMITTED TO FINANCE
4/17/2012