Bill > A10270

This bill amends the Real Property Tax Law to set limits on the increases in base proportions for certain classes of property in special assessing units in Nassau and Suffolk counties. Specifically, it limits the increase in the current base proportion of any class to no more than 1% in Nassau County and 1% in Suffolk County for the 2024-2025 assessment year, unless the local legislative body alters the proportions to ensure the sum equals 1. This is intended to provide more stability and predictability in the distribution of the property tax burden in these counties.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2023/A10270