Int 2166-2020
Sale of tax liens.
This bill would reauthorize the City’s authority to sell tax liens for one year after the enactment of the local law. This bill would also, among other things: 1) create a COVID-19 exemption for calendar year 2021 for certain Class 1, 2 or 4 properties, provided that the property owner owns 10 or fewer units, one of which is the owner’s primary residence, and such owner submits a hardship declaration to the Department of Finance stating that they are experiencing a COVID-related financial hardship; 2) increase the property tax debt eligibility threshold for Class 1 and residential condominium and cooperative properties to $5,000, 3) increase the water debt eligibility threshold for 2- and 3-family homes to $3,000, 4) increase the income eligibility threshold for the Department of Finance’s Property Tax and Interest Deferral (PTAID) Program to $86,400, 5) introduce a process to establish a property tax late payment interest rate for properties with an assessed value between $250,000 and $450,000, 6) mandate certain outreach sessions to be conducted by the Administration during the tax lien sale notice period, and 7) establish a temporary task force to to ensure that the City’s enforcement of delinquent municipal charges is fair, effective, and efficient and to study the feasibility of transferring properties with delinquent property taxes, sewer and water rents subject to a lien to community land trusts, land banks, mutual housing associations or other similar entities.
DBill History (12)
Meetings & Hearings (4)
Documents
Files (23)
Int. No. 2166
12/11/2020
Summary of Int. No. 2166
1/21/2021
Committee Report 12/9/20
12/10/2020
Mayor's Memorandum in Support
1/21/2021
December 10, 2020 - Stated Meeting Agenda with Links to Files
1/19/2021
Hearing Testimony 12/9/20
12/14/2020
Hearing Testimony 12/9/20 (Con't)
1/19/2021
Proposed Int. No. 2166-A - 12/14/20
2/11/2021
Summary of Int. No. 2166-A
1/21/2021
Hearing Transcript 12/9/20
1/19/2021
Summary of Int. No. 2166-B
7/28/2021
Hearing Transcript - Stated Meeting 12-10-20
2/11/2021
Proposed Int. No. 2166-B - 1/25/21
2/11/2021
Committee Report 1/28/21
3/3/2021
January 28, 2021 - Stated Meeting Agenda with Links to Files
3/3/2021
Minutes of the Stated Meeting - December 10, 2020
2/11/2021
Fiscal Impact Statement
3/31/2021
Hearing Transcript 1/28/21
3/3/2021
Int. No. 2166-B (FINAL)
3/31/2021
Hearing Transcript - Stated Meeting 1-28-21
3/22/2021
Local Law 24
3/31/2021
Legislative Documents - Letter to the Mayor
3/31/2021
Minutes of the Stated Meeting - January 28, 2021
3/31/2021