NY A04042

Requires respondents in real property tax assessment review proceedings to disclose the assessing method, capitalization rate, and other data or formulas used to determine property valuation to the petitioner.

Applies only to judicial proceedings in cities with a population of one million or more inhabitants.

Mandates disclosure be included in the answer or notice served within forty days after service of a note of issue, unless the court extends this deadline for good cause.

Takes effect thirty days after becoming law and applies to proceedings commenced or pending on or after the effective date.

Requires respondents in pending proceedings at the time of enactment to make disclosures within thirty days, with the petitioner receiving an additional thirty-day continuance to review and respond.