Bill > A10162

This bill extends the existing limitations on how property tax burdens can shift between different classes of taxable property in the town of Orangetown, Rockland County, for the 2026-2027 assessment rolls. This means that for tax purposes, the proportion of taxes levied on any one class of property (like residential, commercial, or industrial) cannot increase by more than one percent compared to the immediately preceding year, provided the town has adopted a local law to allow this. This provision is designed to prevent sudden, significant increases in tax liability for any single property class, offering a degree of stability in property taxation.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A10162