N.Y. State Finance Law 97-LL – Improvement of real property tax administration account
§ 97-ll. Improvement of real property tax administration account. 1. There is hereby established in the joint custody of the state comptroller and the commissioner of taxation and finance an improvement of real property tax administration account within the miscellaneous special revenue fund.
Terms Used In N.Y. State Finance Law 97-LL
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Continuance: Putting off of a hearing ot trial until a later time.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
2. Moneys within the improvement of real property tax administration account, upon appropriation by the legislature, shall be available to the commissioner of taxation and finance for all services and expenses of the state office which relate to activities including, but not limited to, preparation and certification of state equalization rates, the administration of state technical and financial assistance to local governments, review and certification of adjusted base proportions for special assessing units and approved assessing units pursuant to articles eighteen and nineteen of the real property tax law, the determination of class equalization rates for portions within special assessing units and approved assessing units pursuant to Article 12 of the real property tax law, continuance of the market value survey cycle, maintenance of effort in the production of agricultural lands value assessments, advisory appraisals, and assessor training and certification.