Bill > A05364

This bill amends the real property tax law to limit the shift between property tax classes in the town of Haverstraw, Rockland County for the 2025-2026 assessment period. Specifically, the bill restricts any class of property's base proportion (the percentage of total property value assigned to a specific property category) from increasing by more than 1% compared to the previous year's proportion. To implement this limitation, the town must first pass a local law, ordinance, or resolution. If the calculation of current base proportions would naturally exceed the 1% increase, the legislative body must adjust the proportions so that the total still equals 100%. This type of legislation provides a mechanism to prevent sudden, significant shifts in property tax burdens between different property classes, which could potentially help maintain more stable and predictable property tax assessments for property owners in the Haverstraw area.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A5364