Bill Text: NY A07281 | 2015-2016 | General Assembly | Introduced

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

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2015-09-25 - signed chap.266 [A07281 Detail]

Download: New_York-2015-A07281-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         7281
                              2015-2016 Regular Sessions
                                 I N  A S S E M B L Y
                                      May 1, 2015
                                      ___________
       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 216 of
    3  the laws of 2014, 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, two thousand
   15  thirteen--two thousand fourteen, [and] two thousand fourteen--two  thou-
   16  sand  fifteen, AND TWO THOUSAND FIFTEEN--TWO THOUSAND SIXTEEN assessment
   17  rolls, one percent. Where the computation of  current  base  proportions
   18  would otherwise produce such result, the current base proportion of such
   19  class  or  classes  shall  be limited to such two percent or one percent
   20  increase whichever is applicable,  and  the  legislative  body  of  such
   21  approved  assessing  unit  shall  alter  the  current base proportion of
   22  either class so that the sum of the current 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.
                                                                  LBD10572-01-5