Provides that an assessing unit may pass a local law to provide that for the assessment of golf courses, the assessed valuation shall be based upon the property's highest and best use rather than its current use.
STATE OF NEW YORK
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6444
2019-2020 Regular Sessions
IN ASSEMBLY
March 7, 2019
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Introduced by M. of A. GALEF, SEAWRIGHT, RIVERA, ABINANTI, LAWRENCE --
Multi-Sponsored by -- M. of A. THIELE -- read once and referred to the
Committee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to the taxable
status date and the assessment of golf courses
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 302 of the real property tax law is amended by
2 adding a new subdivision 6 to read as follows:
3 6. Notwithstanding any other provision of law to the contrary, an
4 assessing unit may pass a local law to provide that for the assessment
5 of golf courses, the assessed valuation shall be based upon the proper-
6 ty's highest and best use rather than its current use. Such local law
7 shall be passed no later than sixty days prior to the completion and
8 filing of the first tentative assessment roll to which it is applicable.
9 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD01904-01-9
