Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 04, 2012 |
referred to local government |
Jan 05, 2011 |
referred to local government |
Senate Bill S933
2011-2012 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Local Government Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
co-Sponsors
(R, C, IP) Senate District
2011-S933 (ACTIVE) - Details
- Current Committee:
- Senate Local Government
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Add §306, RPT L
- Versions Introduced in 2009-2010 Legislative Session:
-
S593
2011-S933 (ACTIVE) - Sponsor Memo
BILL NUMBER:S933 TITLE OF BILL: An act to amend the real property tax law, in relation to limiting the increase in real property taxes resulting from a reassessment PURPOSE: This bill limits increases in real property taxes due to a revaluation, reassessment or update to five percent. SUMMARY OF PROVISIONS: The real property tax law is amended by adding a new section 306 to limit increases in real property taxes due to a revaluation, reassessment or update to five percent. In no way does this section limit or prohibit any municipal corporation from choosing to increase their real property tax if they so choose. JUSTIFICATION: Across the State, homeowners are consistently facing increased property taxes. These increases are making it difficult for homeowners, both new and old, to keep pace with large jumps on their tax bill. Increases in real property taxes due to a revaluation, reassessment or update need to be capped at 5% from year to year to help homeowners
2011-S933 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 933 2011-2012 Regular Sessions I N S E N A T E (PREFILED) January 5, 2011 ___________ Introduced by Sen. MARCELLINO -- 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 the increase in real property taxes resulting from a reassessment THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The real property tax law is amended by adding a new section 306 to read as follows: S 306. REASSESSMENT TAX INCREASES; LIMITS. ANY INCREASE IN THE REAL PROPERTY TAX LIABILITY OF ANY PARCEL OF REAL PROPERTY RESULTING FROM A REVALUATION, REASSESSMENT OR UPDATE, AS DEFINED PURSUANT TO SUBDIVISION TWELVE-A OF SECTION ONE HUNDRED TWO OF THIS CHAPTER, SHALL BE LIMITED TO FIVE PERCENT OF THE REAL PROPERTY TAX LIABILITY OF SUCH PARCEL ESTAB- LISHED BY THE ASSESSMENT ROLL PREPARED ON THE BASIS OF THE TAXABLE STATUS DATE OCCURRING IMMEDIATELY PRIOR TO SUCH REVALUATION, REASSESS- MENT OR UPDATE. NO PROVISION OF THIS SECTION SHALL BE CONSTRUED TO LIMIT OR PROHIBIT ANY MUNICIPAL CORPORATION, AS DEFINED PURSUANT TO SUBDIVI- SION TEN OF SECTION ONE HUNDRED TWO OF THIS CHAPTER, FROM INCREASING THE RATE OF REAL PROPERTY TAXES ASSESSED ON REAL PROPERTY LOCATED WITHIN ITS JURISDICTION AS IS OTHERWISE AUTHORIZED AND PROVIDED BY LAW. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04403-01-1
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