What's happening
This bill requires the inclusion of assessed value changes from properties under payment in lieu of taxes agreements when calculating local and school tax quantity change factors.
Why it matters
By including changes in assessed value for properties under payment in lieu of taxes (PILOT) agreements, local governments and school districts will have a more accurate picture of total property value growth in their tax base—even if some of that growth is currently tax-exempt. This impacts the calculation of quantity change factors, which influence how much local governments and schools can increase their property tax levies under New York’s tax cap law.
This adjustment could allow for higher permissible tax levy increases in areas experiencing new development or property improvements on PILOT properties, reflecting the true expansion of taxable property resources. Without this change, increases in property value from PILOT projects wouldn’t affect tax cap calculations, potentially restricting public budgets despite economic growth.
The change also enhances transparency and fairness in tax cap calculations by ensuring all significant changes in local property value—whether taxable or under a PILOT agreement—are treated similarly. This could reduce disparities between communities with significant PILOT activity and those without, and prevent undercounting of new development when setting budget limits.
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Who cares
Headline styles
Track PILOT Property Values
Plain English, a few words. Used as the page title.
Sponsors
17 Co-sponsors
History
- Tabled
- Vetoed memo.208
- Delivered to governor
- Returned to assembly
- Passed senateVote 62–0
- 3rd reading cal.1105
- Substituted for S2122A
- Referred to rules
- Delivered to senate
- Passed assembly
- Ordered to third reading rules cal.467
- Rules report cal.467
Show 6 earlier actions
- Reported
- Reported referred to rules
- Reported referred to ways and means
- Print number 1841a
- Amend and recommit to local governments
- Referred to local governments
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.
Track PILOT Property Values
Senate Floor Calendar · Sponsor Thomas F. O'Mara
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
1841--A
2017-2018 Regular Sessions
IN ASSEMBLY
January 13, 2017
Introduced by M. of A. MORELLE, SCHIMMINGER, BARRETT, BRINDISI, MAGEE, LIFTON, BRONSON, GALEF, OAKS, WOERNER, LUPARDO, GOODELL, SEPULVEDA -- Multi-Sponsored by -- M. of A. BUTLER, FINCH, McDONALD, MONTESANO, PALMESANO, SKARTADOS -- read once and referred to the Committee on Local Governments -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee
AN ACT to amend the general municipal law and the education law, in relation to payments in lieu of taxes
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Subparagraph (i) of paragraph (b) of subdivision 3 of section 3-c of the general municipal law, as amended by section 2 of subpart C of part C of chapter 20 of the laws of 2015, is amended to read as follows:
(i) The commissioner of taxation and finance shall calculate a quantity change factor for each local government for the coming fiscal year based upon the physical or quantity change, as defined by section twelve hundred twenty of the real property tax law, reported to the commissioner of taxation and finance by the assessor or assessors pursuant to section five hundred seventy-five of the real property tax law. The quantity change factor shall show the percentage by which the full value of the taxable real property in the local government has changed due to physical or quantity change between the second final assessment roll or rolls preceding the final assessment roll or rolls upon which taxes are to be levied, and the final assessment roll or rolls immediately preceding the final assessment roll or rolls upon which taxes are to be levied[. The commissioner of taxation and finance shall, as appropriate, promulgate rules and regulations regarding the calculation of the quantity change factor which may adjust the calculation based on the development on tax exempt land], and shall include the change in assessed
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD00937-04-7
A. 1841--A 2
value for each property on the exempt side of the tax rolls under a payment in lieu of tax agreement.
§ 2. Paragraph b of subdivision 2-a of section 2023-a of the education law, as amended by section 3 of subpart C of part C of chapter 20 of the laws of 2015, is amended to read as follows:
b. The commissioner of taxation and finance shall calculate a quantity change factor for the coming school year for each school district based upon the physical or quantity change, as defined by section twelve hundred twenty of the real property tax law, reported to the commissioner of taxation and finance by the assessor or assessors pursuant to section five hundred seventy-five of the real property tax law. The quantity change factor shall show the percentage by which the full value of the taxable real property in the school district has changed due to physical or quantity change between the second final assessment roll or rolls preceding the final assessment roll or rolls upon which taxes are to be levied, and the final assessment roll or rolls immediately preceding the final assessment roll or rolls upon which taxes are to be levied[. The commissioner of taxation and finance shall, as appropriate, promulgate rules and regulations regarding the calculation of the quantity change factor which may adjust the calculation based on the development on tax exempt land], and shall include the change in assessed value for each property on the exempt side of the tax rolls under a payment in lieu of tax agreement.
§ 3. This act shall take effect on the one hundred twentieth day after it shall have become a law, provided, however, that the amendments to section 3-c of the general municipal law and section 2023-a of the education law made by sections one and two of this act, respectively, shall not affect the repeal of such sections and shall be deemed repealed therewith. Effective immediately, the addition, amendment and/or repeal of any rules or regulations necessary for the implementation of this act on its effective date are authorized to be made on or before such effective date.
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
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