Provides that local assessor offices no longer must add a code to notification forms for creation of termination of a mortgage escrow account.
Summary
Bill S05836 proposes an amendment to the real property tax law concerning the process by which assessors handle changes in tax billing addresses. Specifically, it allows assessors to enter new tax billing addresses into the data file or assessment roll upon receiving notification of a transfer or change in address. The bill clarifies that if the new billing address pertains to a mortgage institution, the assessor is not required to make an entry unless a local governing body adopts a law permitting such changes. This aims to streamline the process for local assessors and reduce administrative burdens.
Impact
If enacted, this bill would modify existing procedures for local assessors in New York State regarding the management of tax billing addresses. It would provide more flexibility for local governments to determine how they handle changes in billing addresses, particularly in cases involving mortgage institutions. This could lead to more efficient processing of tax records and potentially reduce confusion for property owners regarding their tax obligations.
Sentiment
The sentiment surrounding Bill S05836 appears to be neutral, with no significant opposition or support expressed in the available discussions or voting history. The bill seems to be a technical adjustment aimed at improving the efficiency of tax administration without major implications for stakeholders.
Contention
There are no notable points of contention reported in the discussions or voting history related to this bill. The changes proposed are largely administrative and seem to have broad support from local government entities, as they aim to simplify the tax billing process without altering ownership records.
A BILL for an Act to create and enact three new sections to chapter 47-10.2 of the North Dakota Century Code, relating to the payment of interest on escrow accounts for residential mortgages; to amend and reenact section 47-10.2-01 of the North Dakota Century Code, relating to definitions for escrow accounts; to provide a penalty; and to provide for application.
Government administration; requiring entities that issue building permits to provide weekly notification of issuances to the county assessor. Effective date.