Int 1702-2019
Notice regarding property tax rates.
IntroductionEnactedCommittee on Financeintroduced 2019-09-12Local Law 2020/106
Enacted as Local Law 2020/106.
Official record · Legistar
Agenda: 2019-09-12Passed: 2020-10-24Enacted: 2020-10-24
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.
Committee on Finance — Executive Budget review and Budget modification, Banking Commission, Comptroller's Office, Department of Finance, Independent Budget Office, Office of Administrative Tax Appeal, and fiscal policy and revenue from any source.
How it compares
34% of similar bills passed
17 passed · 33 died
This bill: 376 days in committee
Similar bills: median 356 days · 27 days when passed
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+ 44 more comparable bills
Sponsors (1)
Lifecycle
IntroducedIntroduced by Council
2019-09-12 · City Council
ActionReferred to Comm by Council
2019-09-12 · City Council
HeardHearing Held by Committee
2019-09-17 · Committee on Finance
HeldLaid Over by Committee
2019-09-17 · Committee on Finance
HeardHearing Held by Committee
2020-09-23 · Committee on Finance
ActionAmendment Proposed by Comm
2020-09-23 · Committee on Finance
ActionAmended by Committee
2020-09-23 · Committee on Finance
AdvancedApproved by Committee
2020-09-23 · Committee on Finance
AdvancedApproved by Council
2020-09-23 · City Council
ActionSent to Mayor by Council
2020-09-23 · City Council
ActionReturned Unsigned by Mayor
2020-10-23 · City Council
AdvancedCity Charter Rule Adopted
2020-10-24 · Administration
Votes (17)
Aye (16)
Steven MatteoDaniel Dromm Adrienne E. AdamsAlicka Ampry-Samuel Diana I. AyalaRobert E. Cornegy, Jr.Laurie A. CumboVanessa L. GibsonMark Gjonaj Barry S. GrodenchikKaren KoslowitzFarah N. LouisFrancisco P. MoyaKeith Powers Helen K. RosenthalJames G. Van Bramer
Absent (1)
Rory I. Lancman
Heard at (4)
City Council · 2020-09-23 · 1:30 PM · REMOTE HEARING (VIRTUAL ROOM 1)
Committee on Finance · 2020-09-23 · 10:00 AM · - REMOTE HEARING (VIRTUAL ROOM 1) -
Committee on Finance · 2019-09-17 · 10:00 AM · Committee Room - City Hall
City Council · 2019-09-12 · 1:30 PM · Council Chambers - City Hall
Attachments (19)
- Summary of Int. No. 1702-A
- Summary of Int. No. 1702
- Int. No. 1702
- September 12, 2019 - Stated Meeting Agenda with Links to Files
- Hearing Transcript - Stated Meeting 9-12-19
- Minutes of the Stated Meeting - September 12, 2019
- Committee Report 9/17/19
- Hearing Testimony 9/17/19
- Hearing Transcript 9/17/19
- Proposed Int. No. 1702-A - 9/16/20
- Committee Report 9/23/20
- Hearing Transcript 9/23/20
- September 23, 2020 - Stated Meeting Agenda with Links to Files
- Hearing Transcript - Stated Meeting 9-23-20
- Minutes of the Stated Meeting - September 23, 2020
- Int. No. 1702-A (FINAL)
- Fiscal Impact Statement
- Legislative Documents - Letter to the Mayor
- Local Law 106
Full text
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. In any statement of account representing a bill for real property taxes due on July 1, when the amount of taxes due is based on a calculation using the tax rate for the prior fiscal year, the department 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
9/14/2020
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