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NY A08120
Bill
Status
10/13/2023
Primary Sponsor
Fred Thiele
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AI Summary
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Amends Section 518 of the Real Property Tax Law regarding changes to tax billing addresses.
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Allows assessors to skip updating tax billing address records when the address is a mortgage investing institution or its agent, if the local governing body adopts a local law, ordinance, or resolution authorizing this practice after a public hearing.
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Requires the governing body of a city, village, town, school district, fire district, or county to hold a public hearing before adopting such a local law, ordinance, or resolution.
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Takes effect immediately upon enactment.
Legislative Description
Provides that local assessor offices no longer must add a code to notification forms for creation of termination of a mortgage escrow account.
Last Action
referred to real property taxation
1/3/2024