Bill Text: NY S03720 | 2019-2020 | General Assembly | Amended
Bill Title: Relates to school district reorganizations and real property tax rates.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2020-01-08 - REFERRED TO EDUCATION [S03720 Detail]
Download: New_York-2019-S03720-Amended.html
STATE OF NEW YORK ________________________________________________________________________ S. 3720--A A. 5513--A 2019-2020 Regular Sessions SENATE - ASSEMBLY February 13, 2019 ___________ IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print- ed, and when printed to be committed to the Committee on Education -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee IN ASSEMBLY -- Introduced by M. of A. THIELE -- read once and referred to the Committee on Education -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the education law, in relation to school district reor- ganizations and real property tax rates The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 3613 of the education law, as added by section 6 of 2 part A of chapter 56 of the laws of 2014, is amended to read as follows: 3 § 3613. School district reorganizations and real property tax rates. 4 1. When two or more school districts propose to reorganize pursuant to 5 sections fifteen hundred eleven through fifteen hundred thirteen, 6 fifteen hundred twenty-four, fifteen hundred twenty-six, seventeen 7 hundred five, or eighteen hundred one through eighteen hundred three of 8 this chapter, and under the law that would otherwise be applicable, the 9 reorganization would have an impact upon the school tax rates within the 10 areas served by the school districts that existed prior to the reorgan- 11 ization, notwithstanding any other provision of law to the contrary, the 12 boards of education or trustees of all the school districts participat- 13 ing in the proposed reorganization may opt to have that impact deferred 14 for a one-year period and/or phased-in over a period as may be deter- 15 mined by the boards of education or trustees of all participating school 16 districts in the manner prescribed by this section but which shall not 17 exceed a [ten-year] twenty-year period. To exercise such option, the 18 boards of education or trustees of all participating school districts, 19 after conducting a public hearing, may adopt a resolution at least EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD03204-02-9S. 3720--A 2 A. 5513--A 1 forty-five days prior to the special district meeting at which the reor- 2 ganization vote will be held, to defer and/or phase-in the impact as 3 provided herein. If the board of education or trustees of any partic- 4 ipating school district does not approve such a resolution opting for a 5 common phase-in period, the provisions of this section shall not apply. 6 2. During the one-year deferral period, the tax rate for each portion 7 of the school district shall be calculated in the following manner: 8 (a) Determine the assessed value tax rate that applied for the school 9 year immediately preceding the school year in which the reorganization 10 took effect. 11 (b) Multiply that assessed value tax rate by the state equalization 12 rate applicable to the portion for the school year immediately preceding 13 the school year in which the reorganization took effect. 14 (c) Divide the product so determined by the state equalization rate 15 applicable to the portion for the first school year of the reorganized 16 school district. The quotient is the assessed value tax rate for the 17 portion for that school year. Provided, that if the sum of the real 18 property tax levies in all of the portions in the school district, using 19 the assessed value tax rates computed pursuant to this subdivision, 20 would yield a real property tax levy that is above or below the total 21 real property tax levy specified in the school district budget for the 22 current school year, the assessed value tax rates shall all be decreased 23 or increased proportionately so as to yield the specified real property 24 tax levy amount. 25 3. During each year of a phase-in period, whose duration up to [ten] 26 twenty years shall have been determined by the boards of education or 27 trustees of the constituent school districts, the tax rate for each 28 portion of the reorganized school district shall be calculated in the 29 following manner: 30 (a) Determine the assessed value tax rate that applied for the school 31 year immediately preceding the school year in which the reorganization 32 took effect. 33 (b) Multiply that assessed value tax rate by the state equalization 34 rate applicable to the portion for the school year immediately preceding 35 the school year in which the reorganization took effect. The result is 36 the base full value tax rate of the portion. 37 (c) Determine the assessed value tax rate that would have applied in 38 the portion but for the provisions of this section. 39 (d) Multiply that assessed value tax rate by the state equalization 40 rate that would have applied for the current school year but for the 41 provisions of this section. The result is the target full value tax rate 42 for the portion. 43 (e) Determine the difference between the target full value tax rate 44 and the base full value tax rate for the portion. 45 (f) Divide the difference so determined by the total number of years 46 in the phase-in period applicable to the school district. 47 (g) Multiply the quotient so determined by the number of years from 48 the beginning of the phase-in period up to and including the year for 49 which the tax rate is being determined. 50 (h) Add the product so determined to the base full value tax rate. 51 (i) Divide the sum so determined by the applicable equalization rate. 52 The quotient is the assessed value tax rate for the portion for the 53 current school year. Provided, that if the sum of the real property tax 54 levies in all of the portions in the school district, using the assessed 55 value tax rates computed pursuant to this subdivision, would yield a 56 real property tax levy that is above or below the total real propertyS. 3720--A 3 A. 5513--A 1 tax levy specified in the school district budget for the current school 2 year, the assessed value tax rates shall all be decreased or increased 3 proportionately so as to yield the specified real property tax levy 4 amount. 5 4. As used herein the term "portion" means that part of an assessing 6 unit located within a school district. 7 § 2. This act shall take effect immediately.
