What's happening
This bill excludes environmental contamination from being considered when assessing real property for tax purposes in New York.
Why it matters
Property values for tax purposes will no longer be reduced if land is contaminated. , meaning owners of polluted properties could face higher tax bills despite the contamination.
This change could discourage property owners from allowing environmental hazards to go unaddressed. since tax assessments will not reward them for cleaning up or penalize them for contamination.
Local governments may see increased and more predictable property tax revenues. from contaminated sites, potentially impacting municipal budgets and funding for public services.
The bill may also affect brownfield redevelopment incentives. , as the lack of tax relief for contaminated properties might influence investment and cleanup decisions.
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Who cares
Headline styles
Ignore Pollution in Property Tax
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
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
3469
2019-2020 Regular Sessions
IN ASSEMBLY
January 29, 2019
Introduced by M. of A. PRETLOW -- read once and referred to the Committee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to excluding environmental contamination from consideration as a factor for assessment
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Section 706 of the real property tax law is amended by adding a new subdivision 3 to read as follows:
3. For the purposes of assessment, environmental contamination shall be excluded from consideration.
§ 2. This act shall take effect immediately and shall apply to real property with a taxable status date on or after such date.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD04350-01-9
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.