New York State Assembly

 
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A00894 Summary:

A00894 Actions:

A00894 Committee Votes:

Committee:REAL PROPERTY TAXATION   Chair:Galef      
DATE:03/16/2021AYE/NAY:10/0  Action: Favorable refer to committee Ways and Means        
Galef
Aye
Miller
Aye
McDonald
Aye
Tague
Aye
Dickens
Aye
Barnwell
Aye
Rosenthal
Aye
Sayegh
Aye
Eichenstein
Aye
Mamdani
Aye

Committee:WAYS AND MEANS   Chair:Weinstein      
DATE:05/25/2021AYE/NAY:34/0  Action: Favorable refer to committee Rules        
Weinstein
Aye
Ra
Aye
Glick
Aye
Fitzpatrick
Aye
Nolan
Excused
Hawley
Aye
Pretlow
Aye
Montesano
Aye
Perry
Aye
Blankenbush
Aye
Colton
Aye
Norris
Aye
Cook
Aye
Brabenec
Aye
Cahill
Aye
Palmesano
Aye
Aubry
Aye
Byrne
Aye
Cusick
Aye
Ashby
Aye
Benedetto
Aye
Weprin
Aye
Rodriguez
Aye
Ramos
Aye
Braunstein
Aye
McDonald
Aye
Rozic
Aye
Dinowitz
Aye
Joyner
Aye
Magnarelli
Aye
Zebrowski
Aye
Bronson
Aye
Dilan
Aye
Seawright
Aye
Hyndman
Aye

Committee:RULES   Chair:Heastie      
DATE:06/01/2021AYE/NAY:30/0  Action: Favorable         
Heastie
Aye
Barclay
Aye
Gottfried
Aye
Hawley
Aye
Nolan
Excused
Giglio
Aye
Weinstein
Aye
Blankenbush
Aye
Pretlow
Aye
Norris
Aye
Cook
Aye
Montesano
Aye
Glick
Aye
Ra
Aye
Aubry
Aye
Brabenec
Aye
Englebright
Aye
Dinowitz
Aye
Colton
Aye
Magnarelli
Aye
Perry
Aye
Paulin
Aye
Peoples-Stokes
Aye
Benedetto
Aye
Lavine
Aye
Lupardo
Aye
Zebrowski
Aye
Thiele
Aye
Braunstein
Aye
Dickens
Aye
Davila
Aye

A00894 Floor Votes:

A00894 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         894--C
 
                               2021-2022 Regular Sessions
 
                   IN ASSEMBLY
 
                                       (Prefiled)
 
                                     January 6, 2021
                                       ___________
 
        Introduced  by M. of A. ZEBROWSKI, WOERNER, GALEF, BRABENEC -- read once
          and referred to the Committee on Real Property Taxation  --  committee
          discharged, bill amended, ordered reprinted as amended and recommitted
          to  said  committee  -- again reported from said committee with amend-
          ments, ordered reprinted as amended and recommitted to said  committee
          -- reported and referred to the Committee on Ways and Means -- commit-
          tee  discharged, bill amended, ordered reprinted as amended and recom-
          mitted to said committee
 
        AN ACT to amend the real property tax  law,  in  relation  to  requiring
          assessors using the comparable sales method for assessments to consid-
          er certain comparable properties in formulating the assessment
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. The real property tax  law  is  amended  by  adding  a  new
     2  section 305-a to read as follows:
     3    §  305-a. Assessment using the comparable sales, income capitalization
     4  or cost method.  1. As used in this section, the following  terms  shall
     5  have the following meanings:
     6    (a) "Mixed-use property" means a property with a building or structure
     7  used for both residential and commercial purposes.
     8    (b)  "Non-residential  property"  means  a property with a building or
     9  structure used for commercial purposes.
    10    2. When determining the value of a mixed-use or non-residential  prop-
    11  erty  using  the comparable sales, income capitalization or cost method,
    12  the following shall be considered when selecting  appropriate  sales  or
    13  rentals comparable to the subject property; provided, however, that  the
    14  following  requirements  shall  apply only to assessing units other than
    15  cities having a population of one million or more:
    16    (a)  sales  or rentals of properties exhibiting similar use or the use
    17  at the time of sale in the same real estate market.  Comparable  proper-
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03993-05-1
        A. 894--C                           2
 
     1  ties  should  include  properties  located  in proximate location to the
     2  subject property unless there is an  inadequate  number  of  appropriate
     3  sales or rentals within the same market; and
     4    (b) sales or rentals of properties that are similar in age, condition,
     5  use  or  the  use  at  the time of sale, type of construction, location,
     6  design, physical features and economic characteristics including but not
     7  limited to similarities in occupancy and market rent.
     8    § 2. This act shall take effect immediately and shall apply to assess-
     9  ment rolls prepared on or after January 1, 2022.