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History
- Reported referred to ways and means
- Referred to aging
- Reported referred to ways and means
- Print number 7198a
- Amend and recommit to aging
- Referred to aging
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Authorizes a real property tax exemption for senior citizens in the town of Southampton
In Senate Committee · Aging · Sponsor Kenneth P. LaValle
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:A7198A Revised 6/2/09
Title of bill
An act to amend the real property tax law, in relation to providing a real property tax exemption for the senior citizens in the town of Southampton
Purpose
Upon the adoption of a local law, this bill would provide an additional tax abatement to senior citizens in the town of Southampton, in addition to the STAR program. The abatement would be based on reas- sessment value of the property with the assessment roll completed in 2006 and through 2021.
Summary of provisions
The Real Property Tax Law is amended by adding a new Section 435-b to provide that upon the adoption of a local law by the town of Southampton, county of Suffolk, the property of a senior citizen that qualifies for and received the enhanced exemption pursuant to subdivision 4 of section 425 of the real property tax law shall be eligible for abatement. There will be no separate application required for the abatement. Eligibility for abatement will be determined annually by the town assessor. The abatement will eliminate all tax that results from any increase in the town tax applicable to the assessment roll. However, it will not limit tax increases if the actual value of the property increases.
Justification
The Town of Southampton is undertaking a town-wide reas- sessment that would bring all properties up to 100% market value thereby obviating the need to utilize the State's equalization rate. This legis- lation would allow the Town Board of the Town of Southampton to adopt a local law which would ensure that its' senior citizen population, who are on fixed income, do not suffer any adverse affects from reassess- ment. This amendment would provide that senior citizens who qualify for the enhanced STAR exemption would also receive the appropriate partial tax abatement on their Town portion of the tax bill. This amendment would not limit tax increases resulting from an actual change in the value of property or from subsequent town tax rate increases for tax rate increases for taxes other than the town tax.
Legislative history
2007-08, S.658-137 2005-06, S.1839-A; 2003-04, S.6323.
Fiscal implications
None to the State.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.