Relates to allowing certain special assessing units other than cities to adjust their current base proportions.
TITLE OF BILL: An act to amend the real property tax law, in relation to allowing certain special assessing units other than cities to adjust their current base proportions
To allow special assessing units other than cities in the county of Nassau to adjust their current base proportions.
SUMMARY OF PROVISIONS:
Section 1. Amends section 1803-a of the Real Property Tax Law by adding a new paragraph z.
Section 2. Effective date.
Article 18 and 19 of the Real Property Tax Law provide that in "special" and "approved" assessing units, class tax rates must be established in accordance with a strict statutory formula. One of the elements of the formula is that the current base proportion of any class may not exceed the adjusted base proportion for that class from the prior year by more than 5%. To avoid hardship to homeowners, the Legislature has overridden this 5% cap on an annual basis for a number of jurisdictions, including Nassau County (Article 18) and the approved assessing units in Nassau (Article 19), where a 1% cap has been repeatedly set in recent years by special legislation. Until these annual bills are enacted, however, there is a budgetary uncertainty in these jurisdictions each year. Another concern is that circumstances vary from jurisdiction to jurisdiction, and the cap may not work equally well for all of them. This bill gives special and approved assessing units in Nassau County the authority to tailor their "cap" to local conditions each year, thereby removing the annual uncertainty and freeing them to do what is best for the local property taxpayers in their neighborhood.
Chapter 84 of the Laws of 2013; Chapter 73 of the Laws of 2012 (S.6867/A.9773);
Chapter 164 of the Laws of 2011 (S.5002/A.6462)
None to the State.
This act shall take effect immediately and shall apply to the levy of taxes based on the 2014 assessment roll in a special assessing unit.
STATE OF NEW YORK ________________________________________________________________________ 6475 IN SENATE January 28, 2014 ___________Introduced by Sen. MARTINS -- 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 allowing certain special assessing units other than cities to adjust their current base proportions THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 1803-a of the real property tax law is amended by adding a new paragraph (z) to read as follows: (Z) NOTWITHSTANDING THE PROVISIONS OF PARAGRAPH (C) OF THIS SUBDIVI- SION TO THE CONTRARY, IN A SPECIAL ASSESSING UNIT THAT IS NOT A CITY AND FOR CURRENT BASE PROPORTIONS TO BE DETERMINED BY TAXES BASED ON SUCH SPECIAL ASSESSING UNIT'S TWO THOUSAND FOURTEEN ASSESSMENT ROLL, 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 ONE PERCENT. WHERE THE COMPUTA- TION PERFORMED PURSUANT TO PARAGRAPH (B) OF THIS SUBDIVISION WOULD OTHERWISE PRODUCE SUCH RESULT, THE CURRENT BASE PROPORTION OF SUCH CLASS OR CLASSES SHALL BE LIMITED TO SUCH ONE PERCENT INCREASE AND THE LEGIS- LATIVE BODY OF SUCH SPECIAL ASSESSING UNIT SHALL ALTER THE CURRENT BASE PROPORTION OF ANY OR ALL REMAINING CLASSES 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 2014 assessment roll in a special assessing unit that is not a city.EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13692-01-4