Bill Text: NY S09704 | 2023-2024 | General Assembly | Introduced

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Bill Title: Extends limitations on the shift between classes of taxable property in the town of Orangetown, County of Rockland for the 2024--2025 assessment rolls.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2024-07-03 - SIGNED CHAP.193 [S09704 Detail]

Download: New_York-2023-S09704-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          9704

                    IN SENATE

                                      May 22, 2024
                                       ___________

        Introduced  by  Sen.  WEBER  -- read twice and ordered printed, and when
          printed to be committed to the Committee on Local Government

        AN ACT to amend the real property tax  law,  in  relation  to  extending
          limitations  on  the  shift between classes of taxable property in the
          town of Orangetown, county of Rockland

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  Subparagraph  (xix)  of paragraph (a) of subdivision 3 of
     2  section 1903 of the real property tax law, as amended by chapter 309  of
     3  the laws of 2023, is amended to read as follows:
     4    (xix)  Notwithstanding  any  other  provision  of  law, in an approved
     5  assessing unit in the town of Orangetown, county  of  Rockland  and  for
     6  current  base  proportions  to  be  determined  by  taxes  based on such
     7  approved assessing unit's two thousand eighteen--two thousand  nineteen,
     8  two  thousand  nineteen--two  thousand  twenty, two thousand twenty--two
     9  thousand twenty-one, two thousand twenty-one--two  thousand  twenty-two,
    10  two  thousand  twenty-two--two thousand twenty-three, [and] two thousand
    11  twenty-three--two thousand twenty-four, and two  thousand  twenty-four--
    12  two  thousand  twenty-five assessment rolls, the current base proportion
    13  of any class shall not exceed the adjusted base proportion  or  adjusted
    14  proportion, whichever is appropriate, of the immediately preceding year,
    15  by more than one percent, provided that such approved assessing unit has
    16  passed  a  local  law, ordinance or resolution providing therefor. Where
    17  the computation of current base proportions would otherwise produce such
    18  result, the current base proportion of such class or  classes  shall  be
    19  limited  to  such  one percent increase and the legislative body of such
    20  approved assessing unit shall  alter  the  current  base  proportion  of
    21  either class so that the sum of the current base proportions equals one.
    22    § 2. This act shall take effect immediately.


         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15624-01-4