What's happening
This bill exempts costs related to real property revaluation or reassessment from the local government property tax levy limit.
Why it matters
Shields local services from budget strain. By exempting the costs of real property revaluations or reassessments from the property tax levy cap, the bill helps ensure that municipalities can comply with state-mandated or necessary updates to property values without being forced to cut other essential local services or programs to stay under the tax cap.
Promotes fair property taxation. Regular revaluations keep property assessments accurate and equitable, so this exemption supports fairer tax distribution among property owners while avoiding the political and fiscal pressure to delay or skip reassessments due to budget constraints.
Limits taxpayer impact. The exemption isolates these specific costs from the general tax levy calculation, which can help keep overall property tax increases more transparent and directly tied to core government services rather than technical assessment updates, potentially reducing taxpayer frustration over unpredictable tax hikes.
Increases local government flexibility. Local governments gain more control and predictability in managing their finances, as they don’t have to navigate the complexities of the override process for expenses related to revaluation/reassessment, freeing up administrative effort for other priorities.
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Who cares
Local government budget officials
The bill would exempt all costs associated with real property revaluations or reassessments from the property tax levy limit.
Local governing boards
They could levy taxes to cover those costs without the 60 percent vote otherwise required to override the levy limit.
Real property owners
Their local property tax levies could exceed the levy limit to fund revaluations or reassessments.
Headline styles
Exclude Reassessment Costs From Cap
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Referred to real property taxation
- Referred to real property taxation
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
1248
2017-2018 Regular Sessions
IN ASSEMBLY
January 11, 2017
Introduced by M. of A. ABINANTI -- read once and referred to the Committee on Real Property Taxation
AN ACT to amend the general municipal law, in relation to exempting the costs associated with real property revaluation or reassessment for the tax levy limit
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Subparagraph (iv) of paragraph (g) of subdivision 2 of section 3-c of the general municipal law, as added by section 1 of part A of chapter 97 of the laws of 2011, is amended and a new subparagraph (v) is added to read as follows:
(iv) in years in which the normal contribution rate of the New York state teachers' retirement system, as defined by paragraph a of subdivision two of section five hundred seventeen of the education law, increases by more than two percentage points from the previous year, a tax levy necessary for expenditures for the coming fiscal year for local government employer contributions to the New York state teachers' retirement system caused by growth in the normal contribution rate minus two percentage points[.];
(v) all costs associated with real property revaluations or reassessments.
§ 2. Paragraph (a) of subdivision 3 of section 3-c of the general municipal law, as added by section 1 of part A of chapter 97 of the laws of 2011, is amended to read as follows:
(a) Subject to the provisions of subdivision five of this section, beginning with the fiscal year that begins in two thousand twelve, no local government shall adopt a budget that requires a tax levy that is greater than the tax levy limit for the coming fiscal year. Provided however the tax levy limit shall not prohibit a levy necessary to support the expenditures pursuant to subparagraphs (i) through [(iv)] (v) of paragraph (g) of subdivision two of this section.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD03315-01-7
A. 1248 2
§ 3. Subdivision 5 of section 3-c of the general municipal law, as added by section 1 of part A of chapter 97 of the laws of 2011, is amended to read as follows:
5. A local government may adopt a budget that requires a tax levy that is greater than the tax levy limit for the coming fiscal year, not including any levy necessary to support the expenditures pursuant to subparagraphs (i) through [(iv)] (v) of paragraph [g] (g) of subdivision two of this section, only if the governing body of such local government first enacts, by a vote of sixty percent of the total voting power of such body, a local law to override such limit for such coming fiscal year only, or in the case of a district or fire district, a resolution, approved by a vote of sixty percent of the total voting power of such body, to override such limit for such coming fiscal year only.
§ 4. This act shall take effect immediately; provided, however, that the amendments to section 3-c of the general municipal law made by sections one, two, and three of this act shall not affect the repeal of such section and shall be deemed repealed therewith.
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.