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NY S05772

Bill

Official Source

Status

Introduced

6/13/2013

Primary Sponsor

Jeffrey Klein

Click for details

Origin

Senate

2013-2014 General Assembly

AI Summary

  • Requires assessment disclosure notices in New York City to include property identification information (address, block, lot, tax class), market value, applicable assessment ratio, and actual assessed value
  • For Class Two properties, disclosure notices must list the comparable properties used to determine the property's value
  • Requires disclosure of any assessment caps or transitional assessment processes in use, including the percentages and length of time used in their calculation
  • Requires a list of all applicable exemptions with descriptions and amounts for each exemption
  • Takes effect July 1, 2014

Legislative Description

Requires assessment disclosure notices in New York City to include a description of the method of assessment.

Last Action

SUBSTITUTED BY A7314A

6/20/2013

Committee Referrals

Rules6/20/2013
Cities6/13/2013

Full Bill Text

No bill text available