Relates to the base proportions of approved assessing units in the county of Nassau.
Ayes (8): Martins, Ball, Little, McDonald, Ritchie, Stewart-Cousins, Oppenheimer, Klein
TITLE OF BILL: An act to amend the real property tax law, in relation to the base proportion in approved assessing units in Nassau county
PURPOSE: To allow approved assessing units under Article 19 of the Real Property Tax Law to adjust and limit the current base proportions to be determined by taxes based on such unites 2011 assessment roll.
SUMMARY OF PROVISIONS: This bill amends Section 1903 of the Real Property Tax Law by adding a new Subparagraph (xiii) to subdivision 3(a) to cap the maximum class growth rate at 1.00% in an approved assessing unit for the purposes of the 2011 tax roll, provided that the such aforementioned assessing unit has passed a local law, ordinance or resolution providing therefore.
JUSTIFICATION: Currently, state law provides that the current base proportions of any class in an approved assessing unit may not exceed the adjusted base proportion for that class from the prior year by more than 5%. This legislation would adjust that rule, for one year only, to cap the maximum cap growth rate at 1.00%. The change Would reduce the amount by which any class of property is allowed to grow. This legislation reduces the burden to a class of properties, a burden which would otherwise cause taxpayers in that class to see a rate increase and the result being a significant increase in class property tax. bills. This bill proposes to limit the rate of growth to 1.00% to ensure that property tax liabilities are more equitably distributed between the unit's classes of property.
LEGISLATIVE HISTORY: Chapter 92 of 2004 Chapter 20 of 2005 Chapter 24 of 2006 Chapter 46 of 2007 Chapter 123 of 2008 Chapter 382 of 2009 Chapter 273 of 2010
FISCAL IMPLICATIONS: None to the state or localities.
EFFECTIVE DATE: This act shall take effect immediately and shall apply to the levy of taxes on the 2011 assessment roll in an approved assessing.
STATE OF NEW YORK ________________________________________________________________________ 4647--A 2011-2012 Regular Sessions IN SENATE April 14, 2011 ___________Introduced by Sen. MARTINS -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the real property tax law, in relation to the base proportion in approved assessing units in Nassau county THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (a) of subdivision 3 of section 1903 of the real property tax law is amended by adding a new subparagraph (xiii) to read as follows: (XIII) NOTWITHSTANDING ANY OTHER PROVISION OF LAW, IN AN APPROVED ASSESSING UNIT IN THE COUNTY OF NASSAU AND FOR CURRENT BASE PROPORTIONS TO BE DETERMINED BY TAXES BASED ON SUCH APPROVED ASSESSING UNIT'S TWO THOUSAND ELEVEN ASSESSMENT ROLL, THE CURRENT BASE PROPORTION OF ANY CLASS SHALL NOT EXCEED THE ADJUSTED BASE PROPORTION OR ADJUSTED PROPOR- TION, WHICHEVER IS APPROPRIATE, OF THE IMMEDIATELY PRECEDING YEAR, BY MORE THAN ONE PERCENT, PROVIDED THAT SUCH APPROVED ASSESSING UNIT HAS PASSED A LOCAL LAW, ORDINANCE OR RESOLUTION PROVIDING THEREFOR. WHERE THE COMPUTATION OF CURRENT BASE PROPORTIONS WOULD OTHERWISE PRODUCE SUCH RESULT, THE CURRENT BASE PROPORTION OF SUCH CLASS OR CLASSES SHALL BE LIMITED TO SUCH ONE PERCENT INCREASE AND THE LEGISLATIVE BODY OF SUCH APPROVED ASSESSING UNIT SHALL ALTER THE CURRENT BASE PROPORTION OF EITHER CLASS SO THAT THE SUM OF THE CURRENT BASE PROPORTIONS EQUALS ONE. S 2. This act shall take effect immediately and shall apply to the levy of taxes based on the 2011 assessment roll in approved assessing units in the county of Nassau that pass a local law, ordinance or resol- ution to adopt these provisions.EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10227-05-1