User:Ryozzo/S7000A
I'd like to ask whether a Wiki page on the law S7000A (passed December 3rd 1981) that dominates New York State Property Tax law for the past 36 years would be a useful addition. Here's an New York City Independent Business Office report that would be a good source for the article: http://www.ibo.nyc.ny.us/iboreports/propertytax120506.pdf
Plus it would complement the articles such as https://en.wikipedia.org/wiki/California_Proposition_13_(1978)
Ryozzo (talk) 21:32, 8 February 2017 (UTC)
Here is a chart that can be used to compare all the property tax laws:
See https://docs.google.com/spreadsheets/d/1heTbxqGRTEZWtaMHjwSfN_3IYCA4bncd0lUEP-JxlWc/edit#gid=0
| year | location | class | effective tax rate | class description | law | target assessment ratio | yearly assessment rate growth cap | cap description | assessment-at-ownership-change | assessment-at-improvement | assessment-at-repair |
| 2017 | New York City, New York, USA | 1 | 0.0119946 | 1 to 3 family home | S7000A | 0.06 | 0.04 | 6% per year but 20% cap per any 5 year period | false | true | true |
| 2017 | New York City, New York, USA | 2 | 0.058014 | Residential property with more than 3 units including cooperatives & condominiums | S7000A | 0.45 | 0.06 | 8% per year but 30% cap per any 5 year period | false | true | true |
| 2017 | New York City, New York, USA | 3 | 0.049203 | Utility company equipment and special franchise property | S7000A | 0.45 | ? | true | true | ||
| 2017 | New York City, New York, USA | 4 | 0.047583 | All other real property, including office buildings, factories, stores, hotels and lofts | S7000A | 0.45 | ? | true | true | ||
| 2017 | California, USA | 0.0081 | https://en.wikipedia.org/wiki/California_Proposition_13_(1978) | 0.02 | true | true | true |
SCAR - State Coalition against 100% Reassessment
