N.Y. Real Property Tax Law § 499-iiii: Annual fee

* § 499-iiii. Annual fee. Any costs and expenses incurred by the

commissioner in the establishment of assessment ceilings for local

public utility mass real property shall be paid from the collection of

an annual charge upon the owners of local public utility mass real

property. The commissioner shall provide by rule for computation of such

charge through the apportionment of these costs and expenses to owners

of local public utility mass real property in relation to the total full

value of the local public utility mass real property eligible for an

assessment ceiling pursuant to this title. Prior to collecting payment

of such charges, the commissioner shall annually provide a detailed

report to each owner of local public utility mass real property

identifying costs related to establishment of assessment ceilings,

including, but not limited to, expenditures, revenue sources and any

allocations. The charges established pursuant to this section shall be

subject to the approval of the director of the budget. Each owner of

local public utility mass real property shall be authorized to challenge

any such charges pursuant to article seventy-eight of the civil practice

law and rules.

* NB Repealed January 1, 2031