New York A00234 amends the real property tax law to modify the residential-commercial urban exemption program, including certification requirements.
New York A00234 amends the real property tax law to modify the residential-commercial urban exemption program. The bill requires property owners to submit an annual certification to the assessor, attesting that the property complies with the program's provisions. Failure to submit this certification results in the revocation of benefits. The certification must include details about the types of residential and commercial uses and their respective square footage.
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- Core Provisions
- Implementation
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- Legal Framework
- Critical Issues
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