- Summary
- Actions
- Committee Votes
- Floor Votes
- Memo
- Text
- LFIN
- Chamber Video/Transcript
A03489 Summary:
BILL NO | A03489 |
  | |
SAME AS | SAME AS S04855 |
  | |
SPONSOR | Galef |
  | |
COSPNSR | Wallace, Otis |
  | |
MLTSPNSR | |
  | |
Add §485-v, RPT L | |
  | |
Creates a statewide residential revaluation exemption; defines "eligible residential property"; and provides applicability, eligibility and the exemption calculation. |
A03489 Actions:
BILL NO | A03489 | |||||||||||||||||||||||||||||||||||||||||||||||||
  | ||||||||||||||||||||||||||||||||||||||||||||||||||
01/27/2021 | referred to real property taxation | |||||||||||||||||||||||||||||||||||||||||||||||||
02/02/2021 | reported referred to ways and means | |||||||||||||||||||||||||||||||||||||||||||||||||
05/04/2021 | reported | |||||||||||||||||||||||||||||||||||||||||||||||||
05/06/2021 | advanced to third reading cal.304 | |||||||||||||||||||||||||||||||||||||||||||||||||
05/10/2021 | passed assembly | |||||||||||||||||||||||||||||||||||||||||||||||||
05/10/2021 | delivered to senate | |||||||||||||||||||||||||||||||||||||||||||||||||
05/10/2021 | REFERRED TO LOCAL GOVERNMENT | |||||||||||||||||||||||||||||||||||||||||||||||||
05/19/2021 | SUBSTITUTED FOR S4855 | |||||||||||||||||||||||||||||||||||||||||||||||||
05/19/2021 | 3RD READING CAL.754 | |||||||||||||||||||||||||||||||||||||||||||||||||
05/19/2021 | PASSED SENATE | |||||||||||||||||||||||||||||||||||||||||||||||||
05/19/2021 | RETURNED TO ASSEMBLY | |||||||||||||||||||||||||||||||||||||||||||||||||
10/22/2021 | delivered to governor | |||||||||||||||||||||||||||||||||||||||||||||||||
11/03/2021 | signed chap.560 |
A03489 Committee Votes:
Galef | Aye | Miller | Aye | ||||||
McDonald | Aye | Tague | Aye | ||||||
Dickens | Aye | ||||||||
Barnwell | Aye | ||||||||
Rosenthal | Aye | ||||||||
Sayegh | Aye | ||||||||
Eichenstein | Aye | ||||||||
Mamdani | Aye | ||||||||
Weinstein | Aye | Ra | Aye | ||||||
Glick | Aye | Fitzpatrick | Aye | ||||||
Nolan | Excused | Hawley | Aye | ||||||
Pretlow | Aye | Montesano | Aye | ||||||
Perry | Aye | Blankenbush | Aye | ||||||
Colton | Excused | 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 | ||||||||
Go to top
A03489 Floor Votes:
Yes
Abbate
Yes
Clark
Yes
Frontus
Yes
Lalor
Yes
Paulin
Yes
Sillitti
Yes
Abinanti
Yes
Colton
Yes
Galef
Yes
Lavine
Yes
Peoples-Stokes
Yes
Simon
Yes
Anderson
Yes
Conrad
Yes
Gallagher
Yes
Lawler
Yes
Perry
Yes
Simpson
Yes
Angelino
Yes
Cook
Yes
Gallahan
Yes
Lemondes
Yes
Pheffer Amato
Yes
Smith
Yes
Ashby
Yes
Cruz
Yes
Gandolfo
Yes
Lunsford
Yes
Pichardo
Yes
Smullen
Yes
Aubry
Yes
Cusick
Yes
Giglio JA
Yes
Lupardo
Yes
Pretlow
Yes
Solages
Yes
Barclay
Yes
Cymbrowitz
Yes
Giglio JM
Yes
Magnarelli
Yes
Quart
Yes
Steck
Yes
Barnwell
Yes
Darling
Yes
Glick
Yes
Mamdani
Yes
Ra
Yes
Stern
Yes
Barrett
Yes
Davila
Yes
Gonzalez-Rojas
Yes
Manktelow
Yes
Rajkumar
Yes
Stirpe
Yes
Barron
Yes
De La Rosa
Yes
Goodell
Yes
McDonald
Yes
Ramos
Yes
Tague
Yes
Benedetto
Yes
DeStefano
ER
Gottfried
Yes
McDonough
Yes
Reilly
Yes
Tannousis
Yes
Bichotte Hermel
ER
Dickens
Yes
Griffin
Yes
McMahon
Yes
Reyes
Yes
Taylor
Yes
Blankenbush
Yes
Dilan
Yes
Gunther
Yes
Meeks
Yes
Richardson
Yes
Thiele
Yes
Brabenec
Yes
Dinowitz
Yes
Hawley
Yes
Mikulin
Yes
Rivera J
Yes
Vanel
Yes
Braunstein
Yes
DiPietro
Yes
Hevesi
Yes
Miller B
Yes
Rivera JD
Yes
Walczyk
Yes
Bronson
Yes
Durso
Yes
Hunter
Yes
Miller M
Yes
Rodriguez
ER
Walker
Yes
Brown
Yes
Eichenstein
Yes
Hyndman
Yes
Mitaynes
Yes
Rosenthal D
Yes
Wallace
Yes
Burdick
Yes
Englebright
Yes
Jackson
Yes
Montesano
Yes
Rosenthal L
Yes
Walsh
Yes
Burgos
Yes
Epstein
Yes
Jacobson
Yes
Morinello
Yes
Rozic
Yes
Weinstein
Yes
Burke
Yes
Fahy
Yes
Jean-Pierre
Yes
Niou
Yes
Salka
Yes
Weprin
Yes
Buttenschon
Yes
Fall
Yes
Jensen
ER
Nolan
Yes
Santabarbara
Yes
Williams
Yes
Byrne
Yes
Fernandez
Yes
Jones
Yes
Norris
ER
Sayegh
Yes
Woerner
Yes
Byrnes
Yes
Fitzpatrick
Yes
Joyner
Yes
O'Donnell
Yes
Schmitt
Yes
Zebrowski
Yes
Cahill
Yes
Forrest
Yes
Kelles
Yes
Otis
Yes
Seawright
Yes
Zinerman
Yes
Carroll
Yes
Friend
Yes
Kim
Yes
Palmesano
Yes
Septimo
Yes
Mr. Speaker
‡ Indicates voting via videoconference
A03489 Text:
Go to top STATE OF NEW YORK ________________________________________________________________________ 3489 2021-2022 Regular Sessions IN ASSEMBLY January 27, 2021 ___________ Introduced by M. of A. GALEF, WALLACE, OTIS -- read once and referred to the Committee on Real Property Taxation AN ACT to amend the real property tax law, in relation to a residential revaluation exemption 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 485-v to read as follows: 3 § 485-v. Residential revaluation exemption. 1. Applicability. The 4 governing body of an assessing unit may, after a public hearing, adopt 5 the provisions of this section by local law in the first year of a full 6 value revaluation to provide a residential revaluation exemption. If the 7 governing body of an assessing unit passes a local law pursuant to this 8 subdivision, such exemption shall also apply in the same manner and to 9 the same extent to each village, county, special district or school 10 district that levies taxes on the assessment roll prepared by such 11 assessing unit. A village assessing unit, within an assessing unit that 12 has conducted a revaluation and that chooses to adopt that assessing 13 unit's latest final assessment roll is permitted to adopt the provisions 14 of this section within two years of its implementation. 15 2. Eligibility. (a) The assessors in each assessing unit that have 16 adopted the provisions of this section shall, in the first year in which 17 revaluation assessments are to be entered on the assessment roll and for 18 the next succeeding year, apply to each eligible residential property an 19 exemption as provided in subdivision three of this section. For the 20 purpose of this section, to be an "eligible residential property" the 21 following criteria must be met: 22 (i) The property must be a residential property, provided that dwell- 23 ing units held in condominium form of ownership shall only be eligible 24 if located in an approved assessing unit and classified in the homestead EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD05412-01-1A. 3489 2 1 class or located in a special assessing unit and classified in class 2 one; 3 (ii) The property must be eligible to receive the STAR exemption 4 authorized by section four hundred twenty-five of this title or the 5 owner or owners must be eligible to receive the personal income tax 6 school tax relief (STAR) credit authorized by subsection (eee) of 7 section six hundred six of the tax law, for such property; 8 (iii) In any given year, the owner or owners receiving the exemption 9 pursuant to this section must be the same as the owner or owners that 10 appeared on the assessment roll upon which the revaluation is imple- 11 mented; and 12 (iv) The property must not have any delinquent taxes as of the taxable 13 status date for the roll on which an exemption is applied. 14 (b) In addition to the criteria provided in paragraph (a) of this 15 subdivision, an assessing unit may further limit the eligibility to 16 eligible residential property whose full value increase exceeded a set 17 percentage threshold as specified in their local law adopting the 18 provisions of this section. 19 3. Exemption calculation. (a)(i) The exemption shall be computed with 20 respect to a percentage of the "exemption base." The exemption base 21 shall be the amount by which the assessed value of a property on the 22 assessment roll upon which the revaluation is implemented exceeds the 23 prior year's equalized assessed value, as determined in the initial 24 year. The prior year's equalized assessed value shall be determined by 25 applying the applicable change in level of assessment factor to the 26 prior year's assessed value. Such exemption base shall not include 27 increases due to a physical improvement or a removal or reduction of an 28 exemption on property. 29 (ii) Any increase in the assessment of a property due to physical 30 changes in the year following the implementation roll shall not be 31 eligible for the exemption. In the event that any portion of a parcel is 32 fully or partially removed from the roll during the year following the 33 implementation roll by reason of fire, demolition, destruction or new 34 exemption, the assessor shall reduce the exemption for any remaining 35 portion in the same proportion assessment is reduced for such fire, 36 demolition, destruction or new exemption. If a property's revaluation 37 assessment is reduced pursuant to title one-A of article five, or title 38 one or one-A of article seven of this chapter, the exemption shall be 39 recomputed accordingly. 40 (b)(i) The exemption shall be to the extent of sixty-six per centum of 41 the exemption base in year one and thirty-three per centum of the 42 exemption base in year two. 43 (ii) The following table shall illustrate the computation of the 44 exemption: 45 Year of exemption Percentage of Exemption 46 1 66% of exemption base 47 2 33% of exemption base 48 4. Granting of exemption. (a) Such exemption shall be granted only 49 upon application by the owner or owners of such real property on a form 50 prescribed by the commissioner. Such application shall be filed with the 51 assessor on or before the appropriate taxable status date for the 52 assessment roll upon which the revaluation is implemented. 53 (b) If the assessor is satisfied that the applicant is entitled to an 54 exemption pursuant to this section, he or she shall approve the applica- 55 tion and the taxable assessed value shall be reduced by the exemption, 56 as in this section provided commencing with the assessment roll preparedA. 3489 3 1 after the taxable status date. The assessed value of any exemption 2 granted pursuant to this section shall be entered by the assessor on the 3 assessment roll with the amount of the exemption shown in a separate 4 column. 5 (c) In the event that the residential property granted an exemption 6 pursuant to this section transfers ownership or otherwise ceases to meet 7 the eligibility requirements of the exemption in subdivision two of this 8 section, the exemption granted pursuant to this section shall be discon- 9 tinued. Upon determining that an exemption granted pursuant to this 10 section should be discontinued, the assessor shall mail a notice so 11 stating to the owner or owners thereof at the time and in the manner 12 provided by section five hundred ten of this chapter. 13 § 2. This act shall take effect immediately.