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Int 1038-2018
| * | Barry S. Grodenchik | | | Amending the requirement that a statement of income and expense certified by a certified public accountant be provided in order for an income-producing property to be granted a reduction in real property assessment by the tax commission. | Introduction | This local law would increase the threshold for when an income-producing property is required to provide a certified statement of income and expense in order to receive an assessment reduction by the Tax Commission from an assessed value of $1 million to an assessed value of $5 million. The local law would also index the threshold to changes in the aggregate assessed value of all properties in tax classes two and four. | Hearing Held by Committee | |
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Int 1038-2018
| * | Barry S. Grodenchik | | | Amending the requirement that a statement of income and expense certified by a certified public accountant be provided in order for an income-producing property to be granted a reduction in real property assessment by the tax commission. | Introduction | This local law would increase the threshold for when an income-producing property is required to provide a certified statement of income and expense in order to receive an assessment reduction by the Tax Commission from an assessed value of $1 million to an assessed value of $5 million. The local law would also index the threshold to changes in the aggregate assessed value of all properties in tax classes two and four. | Laid Over by Committee | |
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Not available
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