New York City Council Header
File #: Res 2264-2009    Version: * Name: AMENDING AND RESTATING THE RESOLUTION COMPUTING AND CERTIFYING BASE PERCENTAGE, CURRENT PERCENTAGE AND CURRENT BASE PROPORTION OF EACH CLASS OF REAL PROPERTY FOR FY'10 TO THE STATE BOARD OF REAL PROPERTY SERVICES.
Type: Resolution Status: Adopted
Committee: Committee on Finance
On agenda: 11/16/2009
Enactment date: Law number:
Title: RESOLUTION AMENDING AND RESTATING THE RESOLUTION COMPUTING AND CERTIFYING BASE PERCENTAGE, CURRENT PERCENTAGE AND CURRENT BASE PROPORTION OF EACH CLASS OF REAL PROPERTY FOR FISCAL 2010 TO THE STATE BOARD OF REAL PROPERTY SERVICES PURSUANT TO SECTION 1803-a, REAL PROPERTY TAX LAW.
Sponsors: David I. Weprin
Council Member Sponsors: 1
Attachments: 1. Committee Report, 2. Exhibit A, 3. Hearing Transcript, 4. Hearing Transcript - Stated Meeting 11/16/09, 5. Complete Resolution, Report and Exhibit
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
11/16/2009*David I. Weprin City Council Approved, by CouncilPass Action details Meeting details Not available
11/16/2009*David I. Weprin City Council Introduced by Council  Action details Meeting details Not available
11/16/2009*David I. Weprin Committee on Finance Hearing on P-C Item by Comm  Action details Meeting details Not available
11/16/2009*David I. Weprin Committee on Finance P-C Item Approved by CommPass Action details Meeting details Not available

Preconsidered Res. No. 2264

 

RESOLUTION AMENDING AND RESTATING THE RESOLUTION COMPUTING AND CERTIFYING BASE PERCENTAGE, CURRENT PERCENTAGE AND CURRENT BASE PROPORTION OF EACH CLASS OF REAL PROPERTY FOR FISCAL 2010 TO THE STATE BOARD OF REAL PROPERTY SERVICES PURSUANT TO SECTION 1803-a, REAL PROPERTY TAX LAW.

 

By Council Member Weprin

 

Whereas, on February 23, 2009, the State Board of Real Property Services (the "SBRPS") certified the final state equalization rate, class ratios and class equalization rates for the City's Fiscal 2010 assessment rolls, required by Article 18, Real Property Tax Law; and

 

Whereas, Section 1803-a (1), Real Property Tax Law, requires the Council to compute and certify, to the SBRPS, for each tax levy, the base percentage, the current percentage and the current base proportion of each class of real property in the City subsequent to the date on which the SBRPS files with the Clerk of the Council a certification setting forth the final state equalization rate, class ratios and class equalization rates for the City's Fiscal 2010 assessment rolls, pursuant to Section 1212, Real Property Tax Law; and

 

Whereas, on June 19, 2009, the Council adopted a resolution computing and certifying the base percentage, current percentage and current base proportion of each class of real property for Fiscal 2010 to the State Board of Real Property Services pursuant to Section 1803-a, Real Property Tax Law (the “June 19th Resolution”); and

 

Whereas, the June 19th Resolution reflects a 5.0 percent cap on any increase in the current base proportion for any class of real property, as compared with the previous year’s adjusted base proportion; and

 

Whereas, after the adoption of the June 19th Resolution, Section 1803-a, Real Property Tax Law, was amended to lower the percent of increase in the current base proportion as compared with the previous year’s adjusted base proportion to 0.0 percent;

 

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

 

Section 1.  Computation and Certification of Base Percentages, Current Base Percentages and Current Base Proportions for Fiscal 2010.  (a) The Council hereby computes and certifies the base percentage, the current percentage and the current base percentage for the City's Fiscal 2010 assessment rolls as shown on SBRPS Form RP-6700, attached hereto as Exhibit A and incorporated herein by reference (the "CBP Certificate"). 

 

(b) The Clerk of the Council is hereby authorized and directed to execute the CBP Certificate and to file it with the SBRPS after the date on which the SBRPS filed with the Clerk of the Council a certification setting forth the final state equalization rate, class ratios and class equalization rates for the City's Fiscal 2010 assessment rolls, pursuant to Section 1212, Real Property Tax Law.

 

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