NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A7398
SPONSOR: 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
________________________________________________________________________
7398
2023-2024 Regular Sessions
IN ASSEMBLY
May 19, 2023
___________
Introduced by M. of A. ZEBROWSKI -- 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 550 of
3 the laws of 2022, 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 [and], two thousand twenty-two--two thousand twenty-three, and two thou-
11 sand twenty-three--two thousand twenty-four assessment rolls, the
12 current base proportion of any class shall not exceed the adjusted base
13 proportion or adjusted proportion, whichever is appropriate, of the
14 immediately preceding year, by more than one percent, provided that such
15 approved assessing unit has passed a local law, ordinance or resolution
16 providing therefor. Where the computation of current base proportions
17 would otherwise produce such result, the current base proportion of such
18 class or classes shall be limited to such one percent increase and the
19 legislative body of such approved assessing unit shall alter the current
20 base proportion of either class so that the sum of the current base
21 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.
LBD11583-01-3
