N.Y. Real Property Tax Law § 495: Exemption reports

§ 495. Exemption reports. 1. Whenever a county, city, town, village or

school district is required to prepare an annual budget, the official

required to prepare a tentative or preliminary version of that budget

shall annex thereto an exemption report. This report shall be on a form

prescribed by the commissioner and shall show how much of the total

assessed value on the final assessment roll or rolls used in that

budgetary process is exempt from taxation. This report shall list every

type of exemption granted, identified by statutory authority, and shall

show (a) the cumulative impact of each type of exemption expressed

either as a dollar amount of assessed value or as a percentage of the

total assessed value on the roll, (b) the cumulative amount expected to

be received from recipients of each type of exemption as payments in

lieu of taxes or other payments for municipal services, and (c) the

cumulative impact of all exemptions granted. Exemptions that result in

an impact of less than one percent may be aggregated as a single entry.

In no case shall an individual exemption recipient be named in the

report.

2. Notice of this report shall be included in any notice of the

preparation of the budget otherwise required by law. The report shall be

posted on any bulletin board maintained by the budgeting authority for

public notices and on any website maintained by the budgeting authority.

This report shall be annexed to any tentative or preliminary budget and

shall become part of the final budget.