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File #: Int 1750-2017    Version: Name: Requiring the dept of finance to provide new homeowners with information about real property taxes and exemptions.
Type: Introduction Status: Enacted
Committee: Committee on Finance
On agenda: 10/31/2017
Enactment date: 12/31/2017 Law number: 2018/026
Title: A Local Law to amend the administrative code of the city of New York, in relation to requiring the department of finance to provide new homeowners with information about real property taxes and exemptions
Sponsors: Julissa Ferreras-Copeland, Costa G. Constantinides, Carlos Menchaca, I. Daneek Miller, Helen K. Rosenthal
Council Member Sponsors: 5
Summary: The Department of Finance (DOF) is required to publish a property tax informational brochure for class 1 and class 2 properties describing the way those properties are valued and assessed, explaining how those values affect property tax bills, providing information about property tax exemptions, and setting forth the timeline of relevant property tax deadlines. This local law would require that, whenever a document transferring ownership of a one-to-four family home or a residential cooperative and condominium is recorded with the City Register or Richmond County Clerk, DOF would have to mail or email a copy of the property tax informational brochure to the new homeowners.
Attachments: 1. Summary of Int. No. 1750-A, 2. Summary of Int. No. 1750, 3. Int. No. 1750, 4. October 31, 2017 - Stated Meeting Agenda with Links to Files, 5. Committee Report 11/15/17, 6. Hearing Testimony 11/15/17, 7. Hearing Transcript 11/15/17, 8. Proposed Int. No. 1750-A - 11/21/17, 9. Committee Report 11/30/17, 10. Hearing Transcript 11/30/17, 11. November 30, 2017 - Stated Meeting Agenda with Links to Files, 12. Hearing Transcript - Stated Meeting 11-30-17, 13. Fiscal Impact Statement, 14. Int. No. 1750-A (FINAL), 15. Legislative Documents - Letter to the Mayor, 16. Minutes of the Stated Meeting - November 30, 2017, 17. Local Law 26
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
12/31/2017AJulissa Ferreras-Copeland Administration City Charter Rule Adopted  Action details Meeting details Not available
12/18/2017AJulissa Ferreras-Copeland Mayor Hearing Scheduled by Mayor  Action details Meeting details Not available
11/30/2017AJulissa Ferreras-Copeland City Council Sent to Mayor by Council  Action details Meeting details Not available
11/30/2017AJulissa Ferreras-Copeland City Council Approved by CouncilPass Action details Meeting details Not available
11/30/2017*Julissa Ferreras-Copeland Committee on Finance Hearing Held by Committee  Action details Meeting details Not available
11/30/2017*Julissa Ferreras-Copeland Committee on Finance Amendment Proposed by Comm  Action details Meeting details Not available
11/30/2017*Julissa Ferreras-Copeland Committee on Finance Amended by Committee  Action details Meeting details Not available
11/30/2017AJulissa Ferreras-Copeland Committee on Finance Approved by CommitteePass Action details Meeting details Not available
11/15/2017*Julissa Ferreras-Copeland Committee on Finance Hearing Held by Committee  Action details Meeting details Not available
11/15/2017*Julissa Ferreras-Copeland Committee on Finance Laid Over by Committee  Action details Meeting details Not available
10/31/2017*Julissa Ferreras-Copeland City Council Referred to Comm by Council  Action details Meeting details Not available
10/31/2017*Julissa Ferreras-Copeland City Council Introduced by Council  Action details Meeting details Not available

Int. No. 1750-A

 

By Council Members Ferreras-Copeland, Constantinides, Menchaca, Miller and Rosenthal

 

A Local Law to amend the administrative code of the city of New York, in relation to requiring the department of finance to provide new homeowners with information about real property taxes and exemptions

 

Be it enacted by the Council as follows:

 

Section 1. Section 11-135 of the administrative code of the city of New York is amended by adding a new subdivision 4 to read as follows:

4. Upon the recording of any document with the city register or the office of the Richmond county clerk transferring an ownership interest in any class one property or in any class two property that is a residential condominium or residential cooperative or a four family residential property, as such classes of property are defined in subdivision one of section eighteen hundred two of the real property tax law, the department shall send by mail, or, for any owner whose email address is known to the department, by email, such brochure to the grantee or grantees of such ownership interest.

§ 2. This local law takes effect July 1, 2018.

 

RKC

LS #11617

9/27/2017, amended 11/20/2017