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NY A05487

Bill

Official Source

Status

Introduced

2/24/2015

Primary Sponsor

Bill Nojay

Click for details

Origin

Assembly

2015-2016 General Assembly

AI Summary

  • Amends Section 722 of the Real Property Tax Law to add a new subdivision regarding attorney fees in property tax assessment appeals
  • Allows reasonable attorney fees to be awarded against the assessing unit when a property assessment is reduced by 25% or greater of the challenged value
  • In proceedings to review special franchise assessments, allows reasonable attorney fees to be awarded against the State when the assessment is reduced by 25% or greater
  • Attorney fees are in addition to any other allowances that may be granted under existing law
  • Takes effect immediately upon enactment

Legislative Description

Provides that if an assessment is reduced by 25% or greater of the challenged value, reasonable attorney fees shall be allowed.

Last Action

enacting clause stricken

9/19/2016

Committee Referrals

Real Property Taxation2/24/2015

Full Bill Text

No bill text available