•  Summary 
  •  
  •  Actions 
  •  
  •  Committee Votes 
  •  
  •  Floor Votes 
  •  
  •  Memo 
  •  
  •  Text 
  •  
  •  LFIN 
  •  
  •  Chamber Video/Transcript 

A11154 Summary:

BILL NOA11154
 
SAME ASNo Same As
 
SPONSORRules (Hooper)
 
COSPNSR
 
MLTSPNSR
 
Add §6-2.11, Chap 272 of 1939
 
Provides that Nassau county undertakes a reassessment of class one real property for the January 2019 tentative assessment roll; makes related provisions.
Go to top

A11154 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A11154
 
SPONSOR: Rules (Hooper)
  TITLE OF BILL: An act to amend the Nassau County Administrative Code, in relation to a partial exemption granted to certain real property on Nassau County assessment rolls   PURPOSE OR GENERAL IDEA OF BILL: This bill grants a partial exemption to certain real property on Nassau County assessment rolls.   SUMMARY OF PROVISIONS: Section one of this bill adds new sect. 6-2.11 to the Nassau County Administrative Code. This new section would provide that the county acting through its County Legislature is authorized to adopt a local law to provide that class one (residential) property other than new construction since January 1, 2011 with a full value of not more than $500,000 would receive an assessed value exemption of ten percent if its full value following the current reassessment either decreased from, or is not more than twenty percent greater than, the full value of such property prior to reassessment.   JUSTIFICATION: Nassau County is undertaking its first reassessment since the assessment roll was frozen in 2011. The frozen roll has created disparities and inequities that will begin to be addressed by the reassessment. Current law, however, does not provide sufficient protection for the residents most negatively affected by prior assessment rolls. This bill will help to mitigate those adverse impacts.   PRIOR LEGISLATIVE HISTORY:   FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS: This legislation will not have any fiscal impact on the State.   EFFECTIVE DATE: This act would take effect immediately and apply to assessment rolls beginning with the 2020-2021 real property tax year through and includ- ing the 2024-2025 real property tax year.
Go to top