New York Senate Bill S06544 Latest Draft

   
  STATE OF NEW YORK ________________________________________________________________________ 6544 2025-2026 Regular Sessions  IN SENATE March 17, 2025 ___________ Introduced by Sen. SANDERS -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the real property tax law, in relation to requiring every assessing unit to conduct a revaluation of assessment at least every eight years The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The real property tax law is amended by adding a new 2 section 306 to read as follows: 3 § 306. Assessment cycle. Every assessing unit shall conduct a revalu- 4 ation of assessments in its jurisdiction at least once every eighth 5 year. 6 § 2. This act shall take effect January 1, 2030 and shall be applica- 7 ble to final assessment rolls filed on and after such date. Effective 8 immediately, the addition, amendment and/or repeal of any rule or regu- 9 lation necessary for the implementation of this act on its effective 10 date are authorized to be made and completed on or before such effective 11 date. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06426-01-5