Extends limitations on the shift between classes of taxable property in the town of Orangetown, County of Rockland for the 2024--2025 assessment rolls.
NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A10285
SPONSOR: Rules (Zebrowski) TITLE OF BILL:
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
PURPOSE OR GENERAL IDEA OF BILL:
This, bill would limit shifts between homestead and non-homestead prop-
erty classes of no more than one percent per year.
SUMMARY OF PROVISIONS:
Section one of the bill amends section 1903 of the real property tax law
as it relates to limiting the shift between classes of taxable property
to one percent in the Town of Orangetown.
Section two of the bill relates to the effective date.
JUSTIFICATION:
Municipalities that have classes of taxable property
(homestead/nonhomestead) are often faced with drastic fluctuations in
shifts between the two classes of taxable property. Current law limits
those shifts at 5% but this bill would restrict the shift in the Town of
Orangetown to no more, than 1%; creating stability in the tax base from
year to year. Similar legislation was proposed and implemented last
year, this act will extend the limitation on the shift between classes
of taxable property to one percent in the Town of Orangetown for another
year.
PRIOR LEGISLATIVE HISTORY:
New bill.
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:
None.
EFFECTIVE DATE:
This act shall take effect immediately.
STATE OF NEW YORK
________________________________________________________________________
10285
IN ASSEMBLY
May 16, 2024
___________
Introduced by COMMITTEE ON RULES -- (at request of M. of A. Zebrowski,
McGowan) -- 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 309 of
3 the laws of 2023, 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 two thousand twenty-two--two thousand twenty-three, [and] two thousand
11 twenty-three--two thousand twenty-four, and two thousand twenty-four--
12 two thousand twenty-five assessment rolls, the current base proportion
13 of any class shall not exceed the adjusted base proportion or adjusted
14 proportion, whichever is appropriate, of the immediately preceding year,
15 by more than one percent, provided that such approved assessing unit has
16 passed a local law, ordinance or resolution providing therefor. Where
17 the computation of current base proportions would otherwise produce such
18 result, the current base proportion of such class or classes shall be
19 limited to such one percent increase and the legislative body of such
20 approved assessing unit shall alter the current base proportion of
21 either class so that the sum of the current base 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.
LBD15624-01-4
