CHAI RMAN:

COMMITTEE ON SOCIAL SERVICES

VI CE CHAI R:
COMMITTE ON ENVIRONMENTAL
ALBANY OFFICE:
ROOM 902
LEGISLATIVE OFFICE BUILDING
ALBANY NEW YORK 12247
TEL:
(518|
455-2210
FAX:
(sl
8) 426-6736
DISTRICT OFFICE:
38.50 BELL BOULEVARD. SUITE C
BAYSIDE, NEWYORK 11361
TEL: (718) 357-3094
FAx: (718) 357-ii491
EMAIL:
AVELLA@NYSENATE.GOV
WEBSITE:
AVELLA.NYSENATE.GOV
THE SENATE
STATE OF NEW YORK
TONYAVELLA
SENATOR
11TH DI STRI CT
June 25,2014
Dear Mr. Tce:
As you know, I have been fighting since my election to the State Senate rn2010 to reduce the unfair
and overburdening property tax inflicted on co-op and condo owners by the City of New York.
To address this huge inequity, I introduced legislation in the Senate, Senate Blll #5726-,{ to
provide you with property tax relief and the same protections that are enjoyed by owners of one, t'*'o and
three family homes.
I am very pleased to tell you tha
as+agsedjhe Senate in a historic voje.
It is now up to the State Assembly to follow suit.
My legislation will create a new residential property tax class (class 1a) for co-ops and condos in
order to bring the property tax assessments in line'*'ith how taxes are assessed on class one properlies
which include one, two and three family homes. Currently co-ops and condos are classified as class two
properties which include commercial residential properties. The manner in which they are currently
assessed involves a comparison to "comparable" commercial residential rental properties which is
inherently flawed and accounts for vour extremely high property taxes.
This will end under my legislation, which will significantly lower your property taxes and at the
same time institute the same tax increase limitations that one, two and three family homes currently have.
Sincerely,
Senator Tony Avella
o