NY S05234

Adds definition of "utility real property" to the Public Service Law, referencing the definition in Real Property Tax Law Section 1801.

Authorizes the Public Service Commission to coordinate with the Department of Taxation and Finance to obtain data on utility real property classification for determining potential ratepayer impact.

Amends Real Property Tax Law Section 1802 to clarify it applies only to special assessing units NOT located wholly within a city.

Creates new Real Property Tax Law Section 1802-A establishing separate classification rules for special assessing units located wholly within a city, with three classes of real property (Class One residential, Class Two residential, and Class Three other property).

Takes effect immediately and applies to assessment rolls with taxable status dates after the effective date.