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NY S07473
Bill
Status
5/15/2014
Primary Sponsor
Jeffrey Klein
Click for details
AI Summary
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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
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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
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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
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Each exemption and abatement listed must be linked to its full description
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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