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NY A01448

Bill

Official Source

Status

Introduced

1/11/2021

Primary Sponsor

Kevin Cahill

Click for details

Origin

Assembly

2021-2022 General Assembly

AI Summary

  • Adds new Section 306 to the Real Property Tax Law requiring assessing units to update property assessments at least once every five years
  • Updates must follow a periodic assessment cycle established by resolution from the municipal governing body and comply with commissioner rules
  • Assessment updates must use valuation dates, taxable status dates, and assessment methods and standards specified in the Real Property Tax Law
  • Takes effect on January 1st following the date the bill becomes law, with authority for immediate rule and regulation changes needed for implementation

Legislative Description

Establishes certain assessing units shall update the assessments in its jurisdiction not less than once every fifth year.

Last Action

referred to real property taxation

1/5/2022

Committee Referrals

Real Property Taxation1/11/2021

Full Bill Text

No bill text available