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Sponsors
No co-sponsors yet.
History
- Substituted by A7664
- Ordered to third reading cal.776
- Committee discharged and committed to rules
- Referred to local government
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.
Allows special assessing units besides cities to adjust their current base proportions based on such special assessing unit's 2009 assessment roll
Signed by Governor · Sponsor Harvey Weisenberg
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the real property tax law, in relation to allowing certain special assessing units besides cities to adjust their current base proportions
Purpose
To allow special assessing units besides cities to adjust their current base proportions based on such special assessing unit's 2009 assessment roll.
Summary of provisions
This bill amends Section 1803-a of the Real Property Tax Law by adding a new paragraph (r) to cap the maximum class growth at 1.0% in a special assessing unit for the fiscal year 2009.
Justification
Currently, state law provides that the current base proportions of any class 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 at 1.0% for a special assessing unit. The change would reduce the amount by which any class of property is allowed to grow, 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 or more than 1.0% and the result being a significant increase in class property tax bills.
Legislative history
Chapter 43 of 2004, Chapter 17 of 2005, Chapter 19 of 2006, Chapter 67 of 2007, Chapter 84 of 2008.
Fiscal implications
None.
Effective date
This act shall take effect immediately and shall apply to the levy of taxes on the 2009 assessment roll in a special assessing unit that is not a city.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.