Loading chat...

NY S07473

Bill

Status

Introduced

5/15/2014

Primary Sponsor

Jeffrey Klein

Click for details

Origin

Senate

2013-2014 General Assembly

AI Summary

  • Requires the New York City Department of Finance Commissioner to publish assessment-rolls on the department website in a searchable format allowing visitors to find specific property information

  • Mandates publication of a searchable database explaining how property assessments are derived, including fair market value, assessment ratios, assessed values, and applicable caps or transitional processes

  • Assessment-rolls and database must contain minimum information including property details (address, block, lot, tax class), comparable properties used for assessment, capitalization rates, exemptions, abatements, tax liability calculations, and effective tax rates

  • Each exemption and abatement listed must be linked to its full description

  • Takes effect 270 days after becoming law

Legislative Description

Requires assessment-rolls to be published and searchable on the department of finance website.

Last Action

SUBSTITUTED BY A9170

6/16/2014

Committee Referrals

Rules6/16/2014
Cities5/15/2014

Full Bill Text

No bill text available