NY A01293

Amends the Real Property Tax Law to create a new section 1802-a establishing property classifications specifically for special assessing units located wholly within a city (New York City).

Eliminates the separate utility class (class 3) for properties in New York City by reclassifying utility properties into class three as "all other real property" not designated as class one or two.

Maintains existing class one classification for one, two, and three family residential properties and certain condominiums, and class two for all other residential property.

Requires assessment rolls to contain a separate column for class designations with appropriate entries for each parcel, subject to administrative and judicial review.

Takes effect immediately and applies to assessment rolls with a taxable status date following the effective date.