NY A07441

Creates a tax abatement procedure for owners of one, two, or three family residences that suffer "catastrophic loss," defined as total destruction or damage making all units unfit for habitation for at least 180 days

Requires claims to be filed with the assessor within six months after completion of the final assessment roll, using a commissioner-prescribed form with a certification statement

Suspends all tax collection efforts, interest, and penalties upon filing of a claim; if approved, any previously paid interest or penalties must be refunded

Mandates the board of assessment review hear and decide all claims within two months of the filing deadline, with determination notices sent within five days

Directs the commissioner to promulgate regulations coordinating assessment rolls and tax levies across counties, cities, towns, school districts, and villages