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History
- Signed chap.85
- Delivered to governor
- Returned to senate
- Passed assembly
- Ordered to third reading rules cal.433
- Substituted for A10651
- Referred to real property taxation
- Delivered to assembly
- Passed senateVote 58–0
- Advanced to third reading
- 2nd report cal.
- 1st report cal.836
Show 1 earlier action
- 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.
Relates to limiting base proportion for the 2012-2013 assessment roll in the county of Suffolk
Assembly Floor Calendar · Sponsor Philip Ramos
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S7131
Title of bill
An act to amend the real property tax law, in relation to limiting base proportion for the 2012-2013 assessment roll in the county of Suffolk
Purpose
To enact legislation which limits the amount of a property tax shift from one class of property to another for 2012-2013 due to large fluctuations in property values between property classes for the Town of Islip, which is the only approved assessing unit in the county of Suffolk.
Summary of provisions
This bill amends subparagraph (iv) of paragraph (a) of subdivision 3 of section 1903 of the real property tax law by extending for one year legislation which limits the amount of a property tax shift between classes of properties caused by large fluctuations in property values within classes.
Justification
In Suffolk County there is a large differential in property tax value increases between classes of property. This in turn causes a large property tax increase in one class of property. Presently, the amount of taxes which can be shifted from one class to another is generally capped at five percent, but for the 2005-2006, 2006-2007, 2007-2008 and the 2008-2009 tax rolls it was capped at 1 percent to protect against large property tax shifts. This legislation will extend the authority to cap the property tax shift at one percent for the 2012-2013 assessment roll. This extension makes sense as there was a discrepancy between the base proportions that were computed for the 2004 roll of an approved assessing unit in the County of Suffolk and the base proportions that would have been computed if the homestead base proportion exceeded the homestead adjusted base proportion of the immediately preceding year by two percent. This discrepancy was to be corrected so as not to create a large property tax increase. This legislation is once again necessary to extend the cap on property tax shifts to reflect such correction. This will create real property tax stability for another year for approved assessing units within the County of Suffolk.
Legislative history
New legislation, 2012.
Fiscal implications
There are no costs to the state or localities. This bill will allow for a more equitable distribution of real property taxes between classes of property.
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.