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NY A04811
Bill
Status
2/8/2021
Primary Sponsor
Brian Manktelow
Click for details
AI Summary
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Commissioner of Taxation and Finance shall study feasibility of reducing assessing units and equalization rates, with findings reported to state leadership by December 31, 2022.
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Study shall examine eliminating all non-coterminous villages as assessing units, which currently requires approximately 275 additional equalization rates calculated annually.
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Study shall review realigning school district boundaries with town, city, and county boundaries, potentially eliminating approximately 50 special segment rates, while grandfathering existing students in single and two-family residences.
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Study shall evaluate requiring periodic assessment updates every six years based on coefficient of dispersion statistical measures, with possible extension to ten years if uniformity is within acceptable ranges.
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Study shall examine requiring towns under first class size to consolidate with other municipalities to reach at least 4,000 parcels, with state aid withholding as enforcement mechanism for non-compliance.
Legislative Description
Authorizes the commissioner of taxation and finance to study feasibility of reducing the number of assessing units and equalization rates; such study shall include, but not be limited to, a review and the impact of eliminating all villages as assessing units, realignment of school district boundaries, use of current assessment roll as the base year roll, and that periodic assessment updates be completed every six years.
Last Action
held for consideration in real property taxation
5/10/2022