Bill S5027-2013

Relates to limiting base proportion for the 2013-2014 assessment roll in the county of Suffolk

Relates to limiting base proportion for the 2013-2014 assessment roll in the county of Suffolk.

Details

Actions

  • Jul 31, 2013: SIGNED CHAP.281
  • Jul 19, 2013: DELIVERED TO GOVERNOR
  • Jun 17, 2013: returned to senate
  • Jun 17, 2013: passed assembly
  • Jun 17, 2013: ordered to third reading rules cal.270
  • Jun 17, 2013: substituted for a7574
  • Jun 11, 2013: referred to ways and means
  • Jun 11, 2013: DELIVERED TO ASSEMBLY
  • Jun 11, 2013: PASSED SENATE
  • Jun 10, 2013: ADVANCED TO THIRD READING
  • Jun 5, 2013: 2ND REPORT CAL.
  • Jun 4, 2013: 1ST REPORT CAL.1062
  • May 6, 2013: REFERRED TO LOCAL GOVERNMENT

Meetings

Calendars

Votes

VOTE: COMMITTEE VOTE: - Local Government - Jun 4, 2013
Ayes (9): Martins, Ball, Boyle, Marchione, Ritchie, Valesky, Gipson, Latimer, O'Brien

Memo

BILL NUMBER:S5027

TITLE OF BILL: An act to amend the real property tax law, in relation to limiting base proportion for the 2013-2014 assessment roll in the county of Suffolk

PURPOSE: To enact legislation which limits the amount of a property tax shift from one class of property to another for 2013-2014, due to large fluctuations in property values between property classes for the Town of Islip, which is the only approved assessing unit in the county of Suffolk.

SUMMARY OF PROVISIONS: This bill amends subparagraph (iv) of paragraph (a) of subdivision 3 of section 103 of the real property tax law by extending for one year legislation which limits the amount of a property tax shift between classes of properties caused by large fluctuations in property values within classes.

JUSTIFICATION: In Suffolk County, there is a large differential in property tax value increases between classes of property. This in turn causes a large property tax increase in one class of property. Presently, the amount of taxes which can be shifted from one class to another is generally capped at five percent, but for the 2005-2006, 2006-2007, 2007-2008, 2008-2009, and the 2012-2013 tax rolls it was capped at 1 percent to protect against large property tax shifts. This legislation will extend the authority to cap the property tax shift at one percent for the 2013-2014 assessment roll. This will create real property tax stability for another year for approved assessing units within the County of Suffolk.

LEGISLATIVE HISTORY: New Legislation

FISCAL IMPLICATIONS: There are no costs to the state or localities. This bill will allow for a more equitable distribution of real property taxes between classes of property.

EFFECTIVE DATE: This act shall take effect immediately.


Text

STATE OF NEW YORK ________________________________________________________________________ 5027 2013-2014 Regular Sessions IN SENATE May 6, 2013 ___________
Introduced by Sen. ZELDIN -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the real property tax law, in relation to limiting base proportion for the 2013-2014 assessment roll in the county of Suffolk THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph (iv) of paragraph (a) of subdivision 3 of section 1903 of the real property tax law, as amended by chapter 85 of the laws of 2012, is amended to read as follows: (iv) Notwithstanding any other provision of law, in an approved assessing unit in the county of Suffolk and for current base proportions to be determined by taxes based on such approved assessing unit's two thousand three - two thousand four, two thousand four - two thousand five and two thousand five - two thousand six assessment rolls, the current base proportion of any class shall not exceed the adjusted base proportion or adjusted proportion, whichever is appropriate, of the immediately preceding year by more than two percent, or in the case of the two thousand five--two thousand six, two thousand six--two thousand seven, two thousand seven--two thousand eight, two thousand eight--two thousand nine [and], two thousand twelve--two thousand thirteen, AND TWO THOUSAND THIRTEEN--TWO THOUSAND FOURTEEN assessment rolls, one percent. Where the computation of current base proportions would otherwise produce such result, the current base proportion of such class or class- es shall be limited to such two percent or one percent increase whichev- er is applicable, 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.

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