AGENCY TESTIMONY
Overview of Intro 782-A: Property tax exemption information requirements
0:08:22
ยท
48 sec
Annette Hill outlines the requirements of Intro 782-A, sponsored by Council Member Ners, which aims to improve communication about property tax exemptions and property-related notifications.
- Requires DOF to include information on personal property tax exemptions with statements of account
- Mandates DOF to provide information on signing up for property action notifications
- Requires DOF to notify property owners when their personal exemptions need renewal
Annette Hill
0:08:22
Intro 8 intro 782 sponsored by council member NERS would require the Department of Finance to include information regarding personal property tax exemption with the statement of accounts such as the senior citizens homeowner exemption, disabled homeowner exemption, and the coop condo abatement and the veteran's exemption.
0:08:46
Additionally, this bill would require the Department of Finance to provide information to property owners on how to sign up to receive notifications when an action is recorded such as refinancing the mortgage, paying off the mortgage, liens, etcetera, against their property.
0:09:03
Lastly, this bill would require the Department of Finance to notify property owners when their personal exemption requires renewal.