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Sponsors
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History
- Signed chap.382
- Delivered to governor
- Returned to assembly
- Passed senateVote 58–0
- 3rd reading cal.764
- Substituted for S3568A
- Referred to rules
- Delivered to senate
- Passed assembly
- Amended on third reading 7261a
- Ordered to third reading rules cal.373
- Rules report cal.373
Show 4 earlier actions
- Reported
- Reported referred to rules
- Reported referred to ways and means
- Referred to real property taxation
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.
Limits adjusted homestead and non-homestead adjusted base proportions in assessing real estate taxes in the county of Nassau
Senate Floor Calendar · Sponsor Dean G. Skelos
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:A7261A
Title of bill
An act to amend the real property tax law, in relation to adjusted base proportions in the county of Nassau
Purpose
To allow special assessing units under Article 19 of the Real Property Tax Law to adjust and limit the current base proportions to be determined by taxes based on such unit's 2009 assessment roll.
Summary of provisions
This bill amends Section 1903 of the Real Property Tax Law by adding a new subparagraph (viii) to subdivision 3(a) to cap the maximum class growth rate at 1% in an approved assessing unit for the purposes of the 2009 tax roll.
Justification
Currently, state law provides that the current base proportions of any class in an approved assessing unit may not exceed the adjusted base proportion for that class from the prior year by more than 5%. This legislation would adjust that rule, for one year only, to cap the maximum cap growth rate at 1%. The change would reduce the amount by which any class of property is allowed to grow, thereby resulting in a property tax increase. This legislation reduces the burden to a class of properties, a burden which would otherwise cause taxpayers in that class to see a rate increase of more than 1% and the result being a significant increase in class property tax bills. This bill proposes to limit the rate of growth to 1% to ensure that property tax liabilities are more equitably distributed between the unit's classes of property.
Legislative history
New bill.
Fiscal implications
None to the state or localities.
Effective date
This act shall take effect immediately and shall apply to the levy of taxes on the 2009 assessment roll in an approved assessing unit.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.