A 3811: Requires every assessing unit to conduct a revaluation of assessment at least every eight years.

  
  STATE OF NEW YORK ________________________________________________________________________ 3811 2025-2026 Regular Sessions  IN ASSEMBLY January 30, 2025 ___________ Introduced by M. of A. WILLIAMS -- read once and referred to the Commit- tee on Real Property Taxation 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