NY A02837

Reduces the statute of limitations for real property tax assessment challenges from four years to two years for residential properties, agricultural properties, and properties in cities with populations over one million.

Requires petitioners to serve respondents with either a statement that the property is non-income producing or a complete income and expense statement for each tax year under review within thirty days of commencing a proceeding, except in cities with populations over one million.

Changes the trigger for demanding appraisal reports from two years to six months after a proceeding commences, and establishes staggered submission deadlines with petitioner's appraisal due within 120 days and respondent's appraisal due 90 days thereafter.

Allows courts to order appraisal submissions at any time and requires courts to notify respondents of petitioner's appraisal filing date and distribute all appraisals simultaneously to both parties.

Reduces the timeline for the pretrial conference following appraisal submissions from ninety days to forty-five days and shortens the deadline for respondents to demand a note of issue from four years to two years.