Bill Text: NY A09729 | 2017-2018 | General Assembly | Introduced

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Bill Title: Limits the shift between classes of taxable property in the town of Orangetown, county of Rockland.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2018-07-31 - signed chap.139 [A09729 Detail]

Download: New_York-2017-A09729-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          9729
                   IN ASSEMBLY
                                    February 2, 2018
                                       ___________
        Introduced by M. of A. JAFFEE -- read once and referred to the Committee
          on Real Property Taxation
        AN  ACT  to amend the real property tax law, in relation to limiting 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. Paragraph (a) of subdivision 3 of section 1903 of the  real
     2  property  tax  law is amended by adding a new subparagraph (xix) to read
     3  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  assessment roll, the current base proportion  of  any  class  shall  not
     9  exceed the adjusted base proportion or adjusted proportion, whichever is
    10  appropriate,  of  the  immediately  preceding  year,  by  more  than one
    11  percent, provided that such approved assessing unit has passed  a  local
    12  law,  ordinance  or resolution providing therefor. Where the computation
    13  of current base proportions would otherwise  produce  such  result,  the
    14  current  base  proportion  of  such class or classes shall be limited to
    15  such one percent increase and the  legislative  body  of  such  approved
    16  assessing  unit  shall alter the current base proportion of either class
    17  so that the sum of the current base proportions equals one.
    18    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14442-01-8