STATE OF NEW YORK
________________________________________________________________________
1293
2023-2024 Regular Sessions
IN ASSEMBLY
January 17, 2023
___________
Introduced by M. of A. WILLIAMS, CARROLL, LUPARDO -- read once and
referred to the Committee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to requiring
every assessing unit to conduct a revaluation of assessment at least
every eight years
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 306 to read as follows:
3 § 306. Assessment cycle. Every assessing unit shall conduct a revalu-
4 ation of assessments in its jurisdiction at least once every eighth
5 year.
6 § 2. This act shall take effect January 1, 2028 and shall be applica-
7 ble to final assessment rolls filed on and after such date. Effective
8 immediately, the addition, amendment and/or repeal of any rule or regu-
9 lation necessary for the implementation of this act on its effective
10 date are authorized to be made and completed on or before such effective
11 date.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD05593-01-3
