Requires that tax amounts extended on the final assessment roll, and any interest or penalties subsequently accruing thereon, be rounded to the nearest five-cent denomination prior to inclusion on any bill or notice.
STATE OF NEW YORK
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10207--A
Cal. No. 376
IN ASSEMBLY
February 12, 2026
___________
Introduced by M. of A. KAY, McDONALD -- read once and referred to the
Committee on Real Property Taxation -- reported and referred to the
Committee on Ways and Means -- advanced to a third reading, passed by
Assembly and delivered to the Senate, recalled from the Senate, vote
reconsidered, bill amended, ordered reprinted, retaining its place on
the order of third reading
AN ACT to amend the real property tax law, in relation to requiring that
tax amounts extended on the final assessment roll, and any interest or
penalties subsequently accruing thereon, be rounded to the nearest
five-cent denomination prior to inclusion on any bill or notice
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 904 of the real property tax law is amended by
2 adding a new subdivision 5 to read as follows:
3 5. Notwithstanding any other provision of law, all tax amounts
4 extended on the final assessment roll shall be rounded to the nearest
5 five-cent denomination prior to the delivery of the warrant and the
6 issuance of tax bills. Such rounding shall be applied uniformly to all
7 tax amounts and shall be reflected in the warrant as delivered to the
8 collecting officer. Any interest or penalty subsequently accruing on
9 such rounded amount shall likewise be rounded to the nearest five-cent
10 denomination at the time of computation, prior to inclusion on any bill
11 or notice. No further adjustment to any tax amount shall be made by the
12 collecting officer at the time of collection on account of such round-
13 ing.
14 § 2. This act shall take effect on the first of January next succeed-
15 ing the date on which it shall have become a law.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD14550-02-6
