Bill > S05233

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 prevents any property class's current base proportion (a measure used to calculate property tax rates) from increasing by more than 1% compared to the previous year's proportion. This restriction only applies if the town has passed a local law, ordinance, or resolution supporting such a limitation. If the calculated base proportions would exceed this 1% increase, the legislative body must adjust the proportions to ensure they still total one, effectively constraining potential significant shifts in tax burdens between different property classes. The legislation is designed to provide stability and predictability in property tax assessments for the town of Haverstraw during the specified assessment period, and it takes effect immediately upon passage.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S5233