Bill > A04390

This bill extends an existing limitation on property tax assessment shifts in the town of Orangetown, Rockland County, New York, for the 2025-2026 assessment year. Specifically, the bill amends a previous law that restricts how much the current base proportion (a technical term referring to the distribution of property tax burden across different property classes) can change from one year to the next. Under this legislation, no property class can have its base proportion increase by more than 1% compared to the previous year, provided the town passes a local law or resolution supporting this approach. If the calculated base proportions would result in an increase greater than 1%, the legislative body must adjust the proportions to ensure the total still equals 100%. This provision, which was previously in place for assessment years through 2024-2025, is now being extended to include the 2025-2026 assessment rolls, helping to provide stability and predictability in local property tax assessments for Orangetown.

Budget and Finance, Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A4390