Bill Text: NY A09751 | 2013-2014 | General Assembly | Introduced

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Bill Title: Relates to computation of adjusted base proportions for tax assessment rolls.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2014-08-07 - signed chap.216 [A09751 Detail]

Download: New_York-2013-A09751-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         9751
                                 I N  A S S E M B L Y
                                     May 20, 2014
                                      ___________
       Introduced  by M. of A. RAMOS -- read once and referred to the Committee
         on Real Property Taxation
       AN ACT to amend the real property tax law, in relation to adjusted  base
         proportions for assessment rolls
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Subparagraph (iv) of paragraph  (a)  of  subdivision  3  of
    2  section  1903 of the real property tax law, as amended by chapter 281 of
    3  the laws of 2013, is amended to read as follows:
    4    (iv) Notwithstanding any  other  provision  of  law,  in  an  approved
    5  assessing unit in the county of Suffolk and for current base proportions
    6  to  be  determined  by taxes based on such approved assessing unit's two
    7  thousand three - two thousand four, two thousand  four  -  two  thousand
    8  five  and  two  thousand  five  - two thousand six assessment rolls, the
    9  current base proportion of any class shall not exceed the adjusted  base
   10  proportion  or  adjusted  proportion,  whichever  is appropriate, of the
   11  immediately preceding year by more than two percent, or in the  case  of
   12  the  two thousand five--two thousand six, two thousand six--two thousand
   13  seven, two thousand seven--two thousand eight, two  thousand  eight--two
   14  thousand  nine,  two  thousand  twelve--two thousand thirteen, [and] two
   15  thousand thirteen--two thousand fourteen, AND TWO THOUSAND FOURTEEN--TWO
   16  THOUSAND FIFTEEN assessment rolls, one percent.   Where the  computation
   17  of  current  base  proportions  would otherwise produce such result, the
   18  current base proportion of such class or classes  shall  be  limited  to
   19  such  two  percent  or one percent increase whichever is applicable, and
   20  the legislative body of such approved assessing  unit  shall  alter  the
   21  current  base  proportion of either class so that the sum of the current
   22  base proportions equals one.
   23    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD14894-01-4