S7516 (2025-26 session)

NY State bill

Implements transfer assessments for any class one or class two parcel in any special assessing unit wholly contained within a city which has had a transfer of title within the fiscal year where the market value of such parcel, as determined by the New York city department of finance, is greater than the assessed value of such parcel.

Title
Implements transfer assessments for certain classes of property in a city with a population of one million or more
Type
New York State Senate bill
Session
2025-26 session
Status
In Senate Committee
Latest action date
2026-01-07
In committee
Local Government
Introduced
2025-04-21
Law section
Real Property Tax Law

Sponsors

Sources