Bill > S09486

This bill amends the Real Property Tax Law to limit the current base proportion of any class in certain assessing units in Nassau and Suffolk counties. Specifically, for special assessing units in Nassau County (excluding cities) and approved assessing units in Suffolk County, the current base proportion of any class cannot exceed the adjusted base proportion or adjusted proportion of the immediately preceding year by more than 1% or 2%, respectively, when determining the 2024-2025 assessment rolls. The legislative body of these assessing units must adjust the current base proportions of other classes to ensure the sum equals one. In Nassau County, this 1% limit applies only if the approved assessing unit has passed a local law, ordinance, or resolution providing for it.

Budget and Finance, Government Affairs

https://www.nysenate.gov/legislation/bills/2023/S9486