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NY A01269

Bill

Official Source

Status

Introduced

1/8/2021

Primary Sponsor

Dan Quart

Click for details

Origin

Assembly

2021-2022 General Assembly

AI Summary

  • Amends New York City Administrative Code Section 11-207.1 to require property value notices include specific formulas, data sources, and capitalization rates used to determine real property valuations.

  • Requires the department to provide either the formulas and values directly in the notice or specify the web address where such information is available.

  • Maintains existing requirement that valuation information be made available at least thirty days prior to the final date for filing any appeal.

  • Takes effect immediately upon enactment.

Legislative Description

Relates to information required to be included in the notice of property value sent to owners of real property.

Last Action

referred to real property taxation

1/5/2022

Committee Referrals

Real Property Taxation1/8/2021

Full Bill Text

No bill text available