What's happening
This bill allows the village of Farmingdale to apply retroactively for property tax exemption on a specific parcel for certain years.
Why it matters
Provides financial relief to the Village of Farmingdale. by letting it apply for a property tax exemption on a specific property it owns, even though the usual application deadlines have passed, potentially saving the village significant funds.
Applies retroactively to past tax years. (2016-2018), meaning the village could get refunds or cancellation of taxes, penalties, and interest already paid or still owed, which could impact its budget and planning.
Requires approval from both the county assessor and legislature. , introducing checks before any exemption or refund is granted, which ensures oversight and that the exemption is justified.
May set a precedent for other municipalities. seeking similar retroactive tax relief, potentially influencing how strictly property tax deadlines are enforced for local governments in New York.
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Village of Farmingdale
The bill would let the village seek retroactive property tax exemptions for 254 Main Street, potentially securing refunds of taxes paid and cancellation of unpaid taxes and related charges.
Nassau County assessor
The bill would authorize the assessor to accept the village’s late exemption application and correct the assessment rolls if eligibility requirements and legislative approval are met.
Nassau County Legislature
The legislature would have approval authority over corrections to the assessment rolls.
Applicable governing bodies and tax departments
If the exemption is granted, they could choose to refund taxes paid and cancel unpaid taxes, fines, penalties, liens or interest.
Headline styles
Retroactive Tax Exemption for Farmingdale
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Substituted by S7775
- Rules report cal.327
- Reported
- Reported referred to rules
- Reported referred to ways and means
- Print number 9574c
- Amend and recommit to real property taxation
- Print number 9574b
- Amend (t) and recommit to real property taxation
- Print number 9574a
- Amend and recommit to real property taxation
- 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.
Farmingdale Tax Exemption Approved
Signed by Governor · Sponsor Kemp Hannon
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
9574--C
IN ASSEMBLY
January 23, 2018
Introduced by M. of A. MONTESANO -- read once and referred to the Committee on Real Property Taxation -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- again reported from said committee with amendments, ordered reprinted as amended and recommitted to said committee -- again reported from said committee with amendments, ordered reprinted as amended and recommitted to said committee
AN ACT authorizing the village of Farmingdale to receive retroactive real property tax exempt status
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Notwithstanding any other provision of law to the contrary, the assessor of the county of Nassau is hereby authorized to accept from the village of Farmingdale an application for exemption from real property taxes pursuant to section 406 of the real property tax law, with respect to the 2016-2017 assessment roll for a portion of the 2016-2017 school taxes, a portion of the 2017 general taxes, and with respect to the 2017-2018 assessment roll, all of the 2017-2018 school taxes and all the 2018 general taxes, for the parcel conveyed to such municipality located at 254 Main Street, village of Farmingdale, town of Oyster Bay, county of Nassau, otherwise known as Nassau county parcel ID section 49 block 70 lot 399. If accepted, the application shall be reviewed as if it had been received on or before the taxable status date established for such roll.
If satisfied that such municipality would otherwise be entitled to such exemption if such municipality had filed an application for exemption by the appropriate taxable status date, the assessor, upon approval by the Nassau county legislature, may make appropriate correction to the subject rolls. If such exemption is granted and such municipality, therefore, shall have paid any tax with respect to the subject rolls, the applicable governing body or tax department may, in its sole discretion, provide for the refund of those taxes paid and cancel those taxes, fines, penalties, liens or interest remaining unpaid.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD14018-06-8
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.