File #: Res 0398-2018    Version: * Name: Computing and Certifying Adjusted Base Proportion of Each Class of Real Property for Fiscal 2019 to the State Board of Real Property Services.
Type: Resolution Status: Adopted
File created: 6/14/2018 In control: Committee on Finance
On agenda: 6/14/2018 Final action: 6/14/2018
Title: RESOLUTION COMPUTING AND CERTIFYING ADJUSTED BASE PROPORTION OF EACH CLASS OF REAL PROPERTY FOR FISCAL 2019 TO THE STATE BOARD OF REAL PROPERTY SERVICES PURSUANT TO SECTION 1803-a OF THE REAL PROPERTY TAX LAW.
Sponsors: Daniel Dromm
Attachments: 1. Res. No. 398, 2. Res. No. 398 - Committee Report, 3. Res. No. 398 - Exhibit A, 4. Hearing Transcript, 5. June 14, 2018 - Stated Meeting Agenda with Links to Files, 6. Hearing Transcript - Stated Meeting 6-14-18, 7. Minutes of the Stated Meeting - June 14, 2018
Preconsidered Res. No. 398

Title
RESOLUTION COMPUTING AND CERTIFYING ADJUSTED BASE PROPORTION OF EACH CLASS OF REAL PROPERTY FOR FISCAL 2019 TO THE STATE BOARD OF REAL PROPERTY SERVICES PURSUANT TO SECTION 1803-a OF THE REAL PROPERTY TAX LAW.
Body

By Council Member Dromm

WHEREAS, This Resolution, dated June 14, 2018, computes and certifies the adjusted base proportion of each class of real property for the fiscal year beginning on July 1, 2018 and ending on June 30, 2019 ("Fiscal 2019") to the State Board of Real Property Services ("SBRPS") pursuant to Section 1803-a of the Real Property Tax Law; and

WHEREAS, On May 25, 2018, pursuant to Section 1514 of the New York City Charter, the Commissioner of the Department of Finance delivered to the Council the certified assessment rolls for all real property assessable for taxation in the City in each borough thereof for Fiscal 2019, a certified copy of which is in the Office of the Clerk of the City pursuant to Section 516 of the Real Property Tax Law (the "Fiscal 2019 Assessment Rolls"); and

WHEREAS, Pursuant to Section 1803-a(1) of the Real Property Tax Law the Council adopts herewith a resolution in which the Council computed and certified the current base proportion, the current percentage and the base percentage of each class of real property in the City for Fiscal 2019 (the "Current Base Proportion Resolution"); and

WHEREAS, Section 1803-a(5) of the Real Property Tax Law requires the Council, subsequent to the filing of the final Fiscal 2019 Assessment Rolls, to adjust current base proportions computed pursuant to the Current Base Proportion Resolution to reflect additions to and removals from the Fiscal 2019 Assessment Rolls as described therein (each such current base proportion so adjusted to be known as an "Adjusted Base Proportion"); and

WHEREAS, Within five days upon determination of the Adjusted Base Proportions, Section 1803-a(6) of...

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