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A03327 Summary:

BILL NOA03327A
 
SAME ASSAME AS S07400
 
SPONSORWeprin
 
COSPNSR
 
MLTSPNSR
 
Amd 1803-a, RPT L
 
Relates to the determination of adjusted base proportions in special assessing units which are cities.
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A03327 Actions:

BILL NOA03327A
 
02/02/2023referred to real property taxation
05/19/2023amend and recommit to real property taxation
05/19/2023print number 3327a
05/31/2023reported referred to ways and means
06/05/2023reported referred to rules
06/08/2023reported
06/08/2023rules report cal.751
06/08/2023ordered to third reading rules cal.751
06/09/2023substituted by s7400
 S07400 AMEND= GOUNARDES
 05/23/2023REFERRED TO LOCAL GOVERNMENT
 05/30/2023COMMITTEE DISCHARGED AND COMMITTED TO RULES
 05/30/2023ORDERED TO THIRD READING CAL.1436
 06/05/2023PASSED SENATE
 06/05/2023DELIVERED TO ASSEMBLY
 06/05/2023referred to ways and means
 06/09/2023substituted for a3327a
 06/09/2023ordered to third reading rules cal.751
 06/09/2023passed assembly
 06/09/2023returned to senate
 08/11/2023DELIVERED TO GOVERNOR
 08/23/2023SIGNED CHAP.347
 05/23/2023REFERRED TO LOCAL GOVERNMENT
 05/30/2023COMMITTEE DISCHARGED AND COMMITTED TO RULES
 05/30/2023ORDERED TO THIRD READING CAL.1436
 06/05/2023PASSED SENATE
 06/05/2023DELIVERED TO ASSEMBLY
 06/05/2023referred to ways and means
 06/09/2023substituted for a3327a
 06/09/2023ordered to third reading rules cal.751
 06/09/2023passed assembly
 06/09/2023returned to senate
 08/11/2023DELIVERED TO GOVERNOR
 08/23/2023SIGNED CHAP.347
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A03327 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A3327A
 
SPONSOR: Weprin
  TITLE OF BILL: An act to amend the real property tax law, in relation to the determi- nation of adjusted base proportions in special assessing units which are cities   SUMMARY OF PROVISIONS: This bill would-amend section 1803-a of the Real Property Tax Law to allow the local legislative body to amend the cap on, the maximum class growth rate as long as it does not exceed 5 percent for fiscal year 2023.   JUSTIFICATION: State law requires New York City to adopt class shares based on rates calculated by the State Board of Real Property Services (SBRPS) in order to distribute the tax levy among the four classes of real property. In most years the State Board's class equalization rates cause the tax burden on property tax class one, comprised one-, two-, and three-family homes, to increase. Currently, State law provides that the current base proportion of any one class may not exceed the adjusted base proportion for that class from the prior year by more than five percent. This bill will permit the local legislative body to lower the cap on the maximum growth rate of the any tax class's share of the overall tax levy. Flexibility to lower said cap will allow the Council to adopt fiscal 2023 tax rates that balance providing relief for the residential property tax class one without placing undue burdens on the other property tax classes. The equalization rates have caused property tax class one's tax rate to increase in nine of the past twelve years, with seven of those years seeing increases of over two percent.. Conversely, the other three classes have seen much more balanced oscillations in their tax rates, with increases of over two percent only occurring three years for class three, one year for class four, and never for class two. Failure to enact this legislation would leave the City Council no option but to adopt the default SBRPS formula for establishing class shares. In that case, tax rates for tax class one and two may increase uncontrollably, and cause significant increases in the tax bills for residential home- owners. Limiting tax rate increases for class one and two, resulting from SBRPS procedures, is avoidable only through passage of this legis- lation.   FISCAL IMPLICATION: There would be zero impact on expenditures and revenues as a result of this legislation.   EFFECTIVE DATE: : Immediately.
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A03327 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         3327--A
 
                               2023-2024 Regular Sessions
 
                   IN ASSEMBLY
 
                                    February 2, 2023
                                       ___________
 
        Introduced by M. of A. WEPRIN -- read once and referred to the Committee
          on  Real  Property  Taxation  --  committee  discharged, bill amended,
          ordered reprinted as amended and recommitted to said committee
 
        AN ACT to amend the real property tax law, in relation to  the  determi-
          nation  of  adjusted base proportions in special assessing units which
          are cities
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  Subdivision  1 of section 1803-a of the real property tax
     2  law is amended by adding a new paragraph (ll) to read as follows:
     3    (ll) Notwithstanding the provisions of paragraph (c) of this  subdivi-
     4  sion  to  the  contrary, in a special assessing unit which is a city and
     5  for current base proportions to be determined in such special  assessing
     6  unit's fiscal year two thousand twenty-four, the percent increase of the
     7  current  base  proportion of any class over the adjusted base proportion
     8  or adjusted proportions, whichever is appropriate,  of  the  immediately
     9  preceding year shall be determined by the local legislative body of such
    10  special  assessing unit, provided that such percent increase shall be no
    11  more than five percent, and provided further, that the local legislative
    12  body shall make such determination by November first, two thousand twen-
    13  ty-three.
    14    § 2. In the event the special assessing unit which is a city has  sent
    15  out  real  property  tax  bills for its fiscal year 2024 before this act
    16  shall have become a law, the city shall take such actions as are  neces-
    17  sary,  consistent  with  applicable  state  and local law, to effect the
    18  provisions of section one of this act, including, but  not  limited  to,
    19  revising  the  current  base  proportions and adjusted base proportions,
    20  resetting the real property tax rates and sending amended real  property
    21  tax  bills.  Provided, however, that nothing in this act shall be deemed
    22  to affect the obligation of any taxpayer with respect to the payment  of
    23  any  installment of real property tax for such fiscal year which was due
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01623-02-3

        A. 3327--A                          2
 
     1  and payable prior to the date such amended real property tax  bills  are
     2  sent;  for this purpose, such obligations shall be determined in accord-
     3  ance with the applicable provisions of law that  were  in  effect  imme-
     4  diately  prior to the effective date of this act, and such city shall be
     5  authorized to determine the date on which amended bills are to  be  sent
     6  and  the  installments  of  real  property tax which are to be reflected
     7  therein.
     8    § 3. This act shall take effect immediately.
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