08/15/2022 Assessment Community Weekly

Legislation update

Last week, Governor Hochul signed two property-tax related bills into law;

For the details of the bills—including bill text and sponsor’s memo—visit the NYS Legislature’s lookup tool. (Pro tip: When using the tool don’t include the period when searching a bill number, such as A5987-c. The hyphen is optional.)

To stay informed on the status of property tax-related bills that passed both houses this year, visit: Current status of property tax-related legislation. Hat tip to Riverhead’s Laverne Tennenberg for making sure we added that link back to the left hand navigation under Property tax and assessment administration – Legal information.

Increase in income limits for 467 and 459-c

We’ve updated the following webpages to reflect the increase in allowable income limits authorized by Chapter 488:

• Senior citizens exemption
• Exemption for persons with disabilities

The instructions and handouts will be updated this fall.

We do not anticipate any changes to the associated forms, except the following:

• removal of the year in the heading of Forms RP-467 and RP-467-Rnw
• format modernization for Forms RP-459-c and RP-459-c-Rnw

If needed prior to the updates being published this fall, the current forms can be used. (We would recommend crossing out the 2022 on the headers of the 467 forms.)

18 days to review your sales reports

If you haven’t already done so, it’s time to review your sales reports in the Online Assessment Community. The deadline to transmit sales corrections is September 2, so don’t delay. Your timely review is very important because we’ll use the sales data to begin the process of calculating 2023 equalization rates and RARs.

For more information, see Sales usability criteria.

On the arms-length report, there is a column which indicates whether the sale is COD/RAR usable. If you find a mistake or need to correct a sale, follow these instructions:

• RPS users: within your RPS file, make the correction and then re-transmit it by going to Standard Reports > Sales > Sales Transmittal Report. Please email the RPS035 to ORPTS.saleint@tax.ny.gov. The ORPTS sales database and online sales reports will be updated with the corrections.
• If you submit paper reports, use Form RP-5217 ACR, Sale Correction Form. Email the completed forms to ORPTS.saleint@tax.ny.gov or mail them to:

NYS TAX DEPARTMENT – ORPTS
ATTN: DATA MANAGEMENT UNIT
W A HARRIMAN STATE CAMPUS – BLDG. 8A
ALBANY, NY 12227-0801