12/30/2024 Assessment Community Weekly
Wishing you and yours a healthy, safe, and successful New Year!
Reminder: RPS Online mini surveys available
If you have not already completed the RPS Online mini surveys we announced recently, please take a few minutes to do so. Your feedback is invaluable to the ongoing development of RPS Online.
Please complete the surveys by January 10.
Surveys:
- Custom Reports: Please provide input on your frequency of use, categories of data used, obstacles, and improvement opportunities.
- Custom Letters: Please provide input on your frequency of use, topics of letters, obstacles, and improvement opportunities.
- Custom Labels: Please provide input on your frequency of use, size of labels needed, what you use custom labels for, obstacles, and improvement opportunities.
- Custom Batch Update: Please provide input on your frequency of use, topics of letters, obstacles, and improvement opportunities.
- Update Utility: Please provide input on your frequency of use, categories of data used, obstacles, and recommendations for improvement opportunities.
If you have questions or input about RPS Online, please send them to RPSOnline@tax.ny.gov. We will take your feedback into consideration as we continue to develop the system, and we will use your questions to build a frequently asked questions webpage for the assessment community.
New exemption form, RP-421-pp now available
The form and instructions for the new residential multiple dwelling exemption enacted in the 2024-2025 State Budget are now available online:
- Form RP-421-pp, Application for Real Property Tax Exemption for Newly Converted or Constructed Fully Income Restricted Rental Multiple Dwellings
- Form RP-421-pp-I, Instructions for Form RP-421-pp
Real Property Tax Law, § 421-pp allows a city, town, or village to provide an exemption for the conversion or construction of fully income restricted rental multiple dwellings located within a designated benefit area set forth in local law. To qualify for this exemption, all but a maximum of two units must meet affordability criteria as adopted by the municipality.
Questions regarding this exemption should be directed to your municipal attorney.
We expect the forms for the rest of the new and updated exemptions that have been signed into law this year to be published in 2025. In addition, RPSV4 updates for these exemptions are in process. We will update you as those become available.
Final status of property tax-related legislation
The Governor took action on several property tax-related bills as the legislature wrapped up the 2024 year. See the latest updates as they become available by visiting Current status of property tax-related legislation.
Note: Some of the bills signed into law also have an accompanying approval memo. We expect the Legislature to introduce chapter amendments for those bills early in the 2025 session.
To view the text of a bill, visit New York State Legislature. (To search, enter the bill number without the period, for example, X1234-x.)
Summary of 2024 Real Property Tax Legislation now available on our website.
Last call: Aid for Cyclical Reassessments
For municipalities planning to participate in the Aid for Cyclical Reassessment program, on a standard assessment calendar, December 31, 2024 is the deadline for 2025 plans.
If you have questions regarding the aid program or changes to an existing plan, contact your ORPTS customer service team.