Provides for adjusted homestead and non-homestead adjusted base proportions in assessing real estate taxes in the town of Colonie for the 2009 assessment roll.
STATE OF NEW YORK
________________________________________________________________________
S. 367--A A. 809--A
2009-2010 Regular Sessions
SENATE - ASSEMBLY(Prefiled)
January 7, 2009
___________
IN SENATE -- Introduced by Sen. BRESLIN -- read twice and ordered print-
ed, and when printed to be committed to the Committee on Local Govern-
ment -- committee discharged, bill amended, ordered reprinted as
amended and recommitted to said committee
IN ASSEMBLY -- Introduced by M. of A. REILLY -- 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 adjusted base
proportions in the town of Colonie
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Paragraph (a) of subdivision 3 of section 1903 of the real
2 property tax law is amended by adding a new subparagraph (xi) to read as
3 follows:
4 (xi) Notwithstanding any other provision of law, in an approved
5 assessing unit in the town of Colonie, county of Albany and for current
6 base proportions to be determined by taxes based on such approved
7 assessing unit's two thousand nine assessment roll, the current base
8 proportion of any class shall not exceed the adjusted base proportion or
9 adjusted proportion, whichever is appropriate, of the immediately
10 preceding year by more than one percent. Where the computation of
11 current base proportions would otherwise produce such result, the
12 current base proportion of such class or classes shall be limited to
13 such one percent increase and the legislative body of such approved
14 assessing unit shall alter the current base proportion of either class
15 so that the sum of the current base proportions equals one.
16 § 2. This act shall take effect immediately and shall apply to the
17 levy of taxes based on the 2009 assessment roll in an approved assessing
18 unit.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD03604-03-9
