File #: Res 1692-2021    Version: * Name: Computing and Certifying Adjusted Base Proportion of Each Class of Real Property for Fiscal 2022 to the State Board of Real Property Tax Services.
Type: Resolution Status: Adopted
Committee: Committee on Finance
On agenda: 6/30/2021
Enactment date: Law number:
Title: RESOLUTION COMPUTING AND CERTIFYING ADJUSTED BASE PROPORTION OF EACH CLASS OF REAL PROPERTY FOR FISCAL 2022 TO THE STATE BOARD OF REAL PROPERTY TAX SERVICES PURSUANT TO SECTION 1803-a OF THE REAL PROPERTY TAX LAW.
Sponsors: Daniel Dromm
Council Member Sponsors: 1
Attachments: 1. Res. No. 1692, 2. Committee Report, 3. Exhibit A, 4. Hearing Transcript, 5. June 30, 2021 - Stated Meeting Agenda with Links to Files, 6. Hearing Transcript - Stated Meeting 6-30-21, 7. Minutes of the Stated Meeting - June 30, 2021
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
6/30/2021*Daniel Dromm City Council Approved, by CouncilPass Action details Meeting details Not available
6/30/2021*Daniel Dromm City Council Introduced by Council  Action details Meeting details Not available
6/30/2021*Daniel Dromm City Council Referred to Comm by Council  Action details Meeting details Not available
6/30/2021*Daniel Dromm Committee on Finance Hearing on P-C Item by Comm  Action details Meeting details Not available
6/30/2021*Daniel Dromm Committee on Finance P-C Item Approved by CommPass Action details Meeting details Not available

Preconsidered Res. No. 1692

 

RESOLUTION COMPUTING AND CERTIFYING ADJUSTED BASE PROPORTION OF EACH CLASS OF REAL PROPERTY FOR FISCAL 2022 TO THE STATE BOARD OF REAL PROPERTY TAX SERVICES PURSUANT TO SECTION 1803-a OF THE REAL PROPERTY TAX LAW.

 

By Council Member Dromm

 

WHEREAS, This Resolution, dated June 30, 2021, computes and certifies the adjusted base proportion of each class of real property for the fiscal year beginning on July 1, 2021 and ending on June 30, 2022 (“Fiscal 2022”) to the State Board of Real Property Tax Services (“SBRPTS”) pursuant to Section 1803-a of the Real Property Tax Law; and

 

WHEREAS, On May 25, 2021, pursuant to Section 1514 of the New York City Charter, the Commissioner of the Department of Finance delivered to the Council the certified assessment rolls for all real property assessable for taxation in the City in each borough thereof for Fiscal 2022, a certified copy of which is in the Office of the Clerk of the City pursuant to Section 516 of the Real Property Tax Law (the "Fiscal 2022 Assessment Rolls"); and

 

WHEREAS, Pursuant to Section 1803-a(1) of the Real Property Tax Law the Council adopts herewith a resolution in which the Council computed and certified the current base proportion, the current percentage and the base percentage of each class of real property in the City for Fiscal 2022 (the "Current Base Proportion Resolution"); and

 

WHEREAS, Section 1803-a(5) of the Real Property Tax Law requires the Council, subsequent to the filing of the final Fiscal 2022 Assessment Rolls, to adjust current base proportions computed pursuant to the Current Base Proportion Resolution to reflect additions to and removals from the Fiscal 2022 Assessment Rolls as described therein (each such current base proportion so adjusted to be known as an "Adjusted Base Proportion"); and

 

WHEREAS, Within five days upon determination of the Adjusted Base Proportions, Section 1803-a(6) of the Real Property Tax Law, requires the Council to certify, to the SBRPTS, the Adjusted Base Proportion for each class of real property applicable to the City, the assessed value of all property in each class of real property, the net change in assessed value for each class on the Fiscal 2022 Assessment Rolls resulting from the additions to or removals from the Fiscal 2022 Assessment Rolls as described above, and the net change in assessed value for each class on the Fiscal  2022 Assessment Rolls resulting from changes other than those referred to above;

 

NOW, THEREFORE, be it resolved by The Council of The City of New York as follows:

 

Section 1.  Computation and Certification of Adjusted Base Proportions and Related Information for Fiscal 2022.  (a) The Council hereby computes and certifies the Adjusted Base Proportion for each class of real property applicable to the City, the assessed value of all property in each class of real property, the net change in assessed value for each class on the Fiscal 2022 Assessment Rolls resulting from the additions to or removals from the Fiscal 2022 Assessment Rolls as described in Section 1803-a(5) of the Real Property Tax Law, and the net change in assessed value for each class on the Fiscal 2022 Assessment Rolls resulting from changes other than those described in Section 1803-a(5) of the Real Property Tax Law, as shown on SBRPTS Form RP-6702, attached hereto as Exhibit A and incorporated herein by reference (the "ABP Certificate"). 

 

(b) The Clerk of the Council is hereby authorized and directed to execute the ABP Certificate and to file it with the SBRPTS no later than five days after the date hereof.

 

Section 2.  Effective Date.  This resolution shall take effect as of the date hereof.

 

AW/EE/RC

6/30/2021