NY S05771

Requires the Commissioner of Finance to publish assessment-rolls on the Department of Finance website in a searchable format allowing visitors to search for information within them

Mandates publication of a searchable database explaining how property assessments are derived

Assessment-rolls and database must contain: property information (address, block, lot, tax class), comparable properties used for Class One and Two assessments, capitalization rates for Class Four properties, fair market value, target assessment ratio, and actual assessed value

Must include assessment caps or transitional assessment details, applicable exemptions with descriptions, taxable assessed value, nominal tax rate, base tax liability, applicable abatements with descriptions, final tax bill, and effective tax rate

Takes effect 270 days after enactment