New York City Council Header
File #: Int 1702-2019    Version: * Name: Notice regarding property tax rates.
Type: Introduction Status: Laid Over in Committee
Committee: Committee on Finance
On agenda: 9/12/2019
Enactment date: Law number:
Title: A Local Law to amend the administrative code of the city of New York, in relation to notice regarding property tax rates
Sponsors: Karen Koslowitz
Council Member Sponsors: 1
Summary: The Department of Finance typically mails out property tax bills for the July 1 due date in early June, prior to the Council’s adoption of the tax rate for the new fiscal year. Therefore, these bills reflect the prior year’s tax rate. The taxes due are subsequently recalculated upon adoption of the new tax rate and such adjustments are reflected on subsequent property tax bills. This local law would require the Department of Finance to include notice on property tax bills that use a prior year’s tax rate that the taxes due are subject to adjustment upon the adoption of the tax rate for the new fiscal year.
Attachments: 1. Summary of Int. No. 1702, 2. Int. No. 1702, 3. Committee Report 9/17/19, 4. Hearing Testimony 9/17/19, 5. Hearing Transcript 9/17/19, 6. September 12, 2019 - Stated Meeting Agenda with Links to Files, 7. Hearing Transcript - Stated Meeting 9-12-19, 8. Minutes of the Stated Meeting - September 12, 2019
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
9/17/2019*Karen Koslowitz Committee on Finance Hearing Held by Committee  Action details Meeting details Not available
9/17/2019*Karen Koslowitz Committee on Finance Laid Over by Committee  Action details Meeting details Not available
9/12/2019*Karen Koslowitz City Council Referred to Comm by Council  Action details Meeting details Not available
9/12/2019*Karen Koslowitz City Council Introduced by Council  Action details Meeting details Not available

Int. No. 1702

 

By Council Member Koslowitz

 

A Local Law to amend the administrative code of the city of New York, in relation to notice regarding property tax rates

 

Be it enacted by the Council as follows:

 

Section 1. Subdivision a of section 11-129 of the administrative code of the city of New York, as added by local law number 19 for the year 2009, is amended to read as follows:

a. At intervals determined by the commissioner of finance, the department of finance shall send to owners of real property a statement of account for the property, which shall represent a bill for taxes, charges and assessments, and which shall include, in a manner determined by the commissioner, a description of taxes, charges and assessments that remain unpaid on the property, and payments received by the department for taxes, charges and assessments on the property, and which may include additional information as the commissioner deems appropriate. Any statement of account representing a bill for real property taxes due on July 1 that reflects the amount of taxes due based on a calculation using the tax rate for the prior fiscal year shall include a notice that the taxes due are subject to adjustment upon the adoption of the tax rate for the new fiscal year, and that a subsequent bill issued during the course of the tax year may reflect the adjusted amount of tax due and the new tax rate.

§ 2. This local law takes effect immediately.

 

 

 

 

NAB

LS #9851

08/27/2019 11:15AM