Bill Text: NY A07398 | 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.

Spectrum: Bipartisan Bill

Status: (Passed) 2023-08-23 - signed chap.309 [A07398 Detail]

Download: New_York-2023-A07398-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          7398

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                      May 19, 2023
                                       ___________

        Introduced  by  M.  of  A.  ZEBROWSKI  --  read once and referred to the
          Committee on Real Property Taxation

        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 550  of
     3  the laws of 2022, 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  [and], two thousand twenty-two--two thousand twenty-three, and two thou-
    11  sand   twenty-three--two  thousand  twenty-four  assessment  rolls,  the
    12  current base proportion of any class shall not exceed the adjusted  base
    13  proportion  or  adjusted  proportion,  whichever  is appropriate, of the
    14  immediately preceding year, by more than one percent, provided that such
    15  approved assessing unit has passed a local law, ordinance or  resolution
    16  providing  therefor.  Where  the computation of current base proportions
    17  would otherwise produce such result, the current base proportion of such
    18  class or classes shall be limited to such one percent increase  and  the
    19  legislative body of such approved assessing unit shall alter the current
    20  base  proportion  of  either  class  so that the sum of the current base
    21  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.
                                                                   LBD11583-01-3