STATE OF NEW YORK
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4254
2015-2016 Regular Sessions
IN SENATE
March 11, 2015
___________
Introduced by Sen. LARKIN -- read twice and ordered printed, and when
printed to be committed to the Committee on Local Government
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 make no entry.
17 § 2. Subdivision 9 of section 953 of the real property tax law, as
18 amended by chapter 145 of the laws of 1990 and as further amended by
19 subdivision (b) of section 1 of part W of chapter 56 of the laws of
20 2010, is amended to read as follows:
21 9. Every mortgage investing institution shall, no later than the twen-
22 ty-fifth day of each month, report to the county director of real prop-
23 erty tax services, or the commissioner of finance for property located
24 in the city of New York, on a form prescribed or approved by the commis-
25 sioner, the creation of a real property tax escrow account, or any
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD04619-01-5
S. 4254 2
1 change of a tax billing address required by a transfer or termination of
2 a real property tax escrow account pursuant to subdivisions seven and
3 eight of this section, occurring during the prior month with respect to
4 real property located in such county or city, as the case may be. The
5 county director or the commissioner of finance of the city of New York
6 shall thereupon furnish a copy of such report to the person or persons
7 having custody and control of the appropriate [assessment roll,] tax
8 roll or data file, as defined in section fifteen hundred eighty-one of
9 this chapter, and such person or persons are hereby authorized and
10 directed upon receipt of such report to enter the appropriate tax bill-
11 ing address on such [assessment roll,] tax roll or data file.
12 § 3. This act shall take effect immediately.
