NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A8120
SPONSOR: Thiele TITLE OF BILL:
An act to amend the real property tax law, in relation to tax billing
addresses
PURPOSE:
The purpose of this bill is to relieve local assessor offices of the
undue and completely unnecessary burden of adding a code to notification
forms for creation or termination of a mortgage escrow account.
SUMMARY OF PROVISIONS:
Banks or tax service organizations (TSOs) send notification of the
creation or termination of mortgage escrow accounts to the County Direc-
tor. The County sorts boxes of forms and forwards them to the appropri-
ate assessor, who then adds a code to their data file for the bank or
TSO. Small banks generally request bills directly from the Receiver of
Taxes who pulls and sends them to that bank. Large TSOs get their bills
electronically from the County directly. In either case, the bank code
on the assessor's file is never used for any purpose.
JUSTIFICATION:
A great deal of time and labor is committed to the adding of assessor
codes to the notification forms for creation or termination of a mort-
gage escrow account Given these codes are not used for any purpose, this
bill would provide much-needed mandate relief to many of our local
assessor offices and governments without impacting any use or service
whatsoever.
LEGISLATIVE HISTORY:
2013-14: S.5679/A.7676
2015-16: S.4254/A.3352
2017: S.5400A/A.2438A - Veto 157
2019-20: S.1649/A.10370
2021-22: S.1823A/A.6850A
FISCAL IMPLICATIONS:
None.
EFFECTIVE DATE:
This act shall take effect immediately.
STATE OF NEW YORK
________________________________________________________________________
8120
2023-2024 Regular Sessions
IN ASSEMBLY
October 13, 2023
___________
Introduced by M. of A. THIELE, SAYEGH -- read once and referred to the
Committee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to tax billing
addresses
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 518 of the real property tax law, as amended by
2 chapter 145 of the laws of 1990, is amended to read as follows:
3 § 518. Change in tax billing address. Where the assessor receives a
4 report of a transfer occurring after the taxable status date, or is
5 otherwise notified of a change in tax billing address, the assessor
6 shall enter the new tax billing address on the data file, as that term
7 is defined in section fifteen hundred eighty-one of this chapter. Where
8 no such data file exists, the assessor shall enter the new tax billing
9 address on the assessment roll. If the assessor does not have custody of
10 the assessment roll when such report is received, he or she shall report
11 the new tax billing address to the person having custody of the tax
12 roll, which person shall enter the new tax billing address on the tax
13 roll. Nothing contained herein shall be construed to authorize a change
14 of the name of the owner included in the data file or appearing on the
15 roll. Where such "tax billing address" is a mortgage investing institu-
16 tion or agent thereof, the assessor shall not be required to make an
17 entry, provided that the governing body of a city, village, town, school
18 district, fire district or county, after a public hearing, adopts a
19 local law, ordinance or resolution providing therefor.
20 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD05797-01-3
