NY A03492

Reduces the timeline for dismissing abandoned real property tax review proceedings from four years to two years for certain residential and agricultural properties.

Requires petitioners to serve respondents with either a statement that property is not income-producing or an income and expense statement within thirty days of commencing a proceeding, excluding properties in cities with populations of one million or more.

Implements staggered deadlines for appraisal report submissions, with petitioner reports due within 120 days of demand and respondent reports due 90 days after petitioner submission.

Establishes a pretrial conference to be held within forty-five days (reduced from ninety days) after appraisal submissions to discuss settlement and resolve disclosure issues.

Takes effect 120 days after enactment and applies to proceedings commenced on or after the effective date.