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The assessed value of a property is calculated based on the property's "market value", an assessment ratio set annually by the New York City Department of Finance and the Nassau County Assessor, and certain assessment rules set by state law. New York City and Nassau County are legally obligated by RPTL section 738 and N.Y.C. Admin.
The New York City Department of City Planning passed the 1961 Zoning Resolution in October 1960, [7] and the new zoning rules became effective in December 1961, superseding the 1916 Zoning Resolution. [8] The new zoning solution used the Floor Area Ratio (FAR) regulation instead of setback rules. A building's maximum floor area is regulated ...
The Administrative Code of the City of New York contains the codified local laws of New York City as enacted by the New York City Council and Mayor. [1] As of February 2023, it contains 37 titles, numbered 1 through 16, 16-A, 16-B, 17 through 20, 20-A, 21, 21-A, and 22 through 33. [2]
Exemptions can be quite substantial. In New York City alone, an Independent Budget Office study found that religious institutions would have been taxed $627M yearly without such exemptions; all exempt groups avoided paying a combined $13 billion in the fiscal year of 2012 (1 July 2011 to 30 June 2012). [54]
The Rules of the City of New York (RCNY) contains the compiled rules and regulations (delegated legislation) of New York City government agencies. [1] [2] It contains approximately 6,000 rules and regulations in 71 titles, each covering a different city agency. [1] [2] The City Record is the official journal of New York City. [3] [4]
On March 22, 1989, the Supreme Court of the United States unanimously declared in Board of Estimate of City of New York v. Morris that the Board of Estimate was unconstitutional on the grounds that Brooklyn, the city's most populous borough, had no greater effective representation on the board than Staten Island, the city's least populous ...
Pursuant to the state constitution, the New York State Legislature has enacted legislation, called chapter laws or slip laws when printed separately. [2] [3] [4] The bills and concurrent resolutions proposing amendments to the state or federal constitutions of each legislative session are called session laws and published in the official Laws of New York.
The New York State School Tax Relief Program (more commonly known as the STAR Program), or New York State Real Property Tax Law §425, [1] is a school tax rebate program offered in New York State aimed at reducing school district property taxes on the primary residences of New York residents. [2] In New York City, the STAR Program is a tax ...