Relates to the state's responsibility to prevent economic hardship and dislocation of New York state residents through real estate taxation

3 Co-sponsors

• Kevin Cahill
• RoAnn Destito
• David Koon

2 Multi-sponsors

• Francine DelMonte
• Aileen Gunther

BILL NUMBER:A11096

Title of bill

CONCURRENT RESOLUTION OF THE SENATE AND ASSEMBLY Propos- ing an amendment to section 10 of article 8 of the constitution, in relation to the state's responsibility to prevent economic hardship and dislocation of New York state residents through real estate taxation

Purpose or general idea of bill

This amendment would forever mandate that the legislature, in concert with other government entities, ensure that the payment of real estate taxes shall not cause economic hardship or dislocation.

Summary of specific provisions

Section 1 amends Article VIII of the state constitution to expand the restrictions about state government in regards to real estate taxation.

Justification

New York State's combined local and state tax burden is among the highest in the nation due to New York State's high real estate taxes. Multiple New York State counties rank among the highest in the nation in terms of real estate taxes as an aggregate amount, as a percentage of home value, and as a percentage of personal income. While real estate taxes support important educational and municipal services, New York State residents have voiced that they cannot afford ever increasing real estate taxes. In addition, the State's inability to curb local real estate taxes gives New York State residents the impression that New York State has a tax problem when New York State's state taxes are actually on average with the nation.

This legislation will give the legislature the responsibility of addressing high property taxes in order to prevent economic hardship or dislocation for New York State residents. With this legislation, New York State will have the ability to mitigate the impacts of high proper- ty taxes on its residents.

Prior legislative history

This legislation is derived in part by the former §10 of the constitution that was amended by the Constitutional Convention of 1938 but subsequently altered by referendums in 1949 and 1953.

Fiscal implications

None,

Effective date

Resolved (if the Senate concur), That the foregoing amendment be referred to the first regular legislative session convening after the next succeeding general election of members of the assembly, and in conformity with section 1 of article 19 of the constitution, be published for 3 months previous to the time of such election.