Bill > S08297

This bill modifies real property tax laws for Nassau and Suffolk counties, specifically addressing how base proportions (a method of calculating property tax assessments) can be adjusted for the 2025-2026 assessment rolls. For Suffolk County, the bill continues an existing provision that limits increases in base proportions to one percent for the 2025-2026 assessment roll. For Nassau County, the bill introduces a new provision allowing base proportion increases of up to one percent for the 2025 assessment roll, but only if the specific assessing unit (local government) passes a local law or resolution to adopt this change. In both cases, if a proposed base proportion increase would exceed the one percent limit, the legislative body must adjust the proportions of different property classes so that the total base proportions still equal one. The bill will take effect immediately, with the specific provisions applying to the 2025 assessment roll, giving local governments in Nassau and Suffolk counties flexibility in how they calculate property tax assessments while providing a cap on potential increases to protect property owners from significant sudden changes in their tax burdens.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S8297