NY A10097

Amends Nassau County Administrative Code to establish new procedures for levying and extending real property taxes on Class Four properties in special assessing units that are not cities

Requires taxes to be levied based on assessment claimed in tax grievance petitions, except when the claimed reduction exceeds 10 percent of the final assessment—in which case taxes are levied at 90 percent of the final assessment unless the assessor determines otherwise

Establishes a "Disputed Assessment Charge" on properties with pending tax grievances, calculated as the difference between the final assessment and the tax roll assessment, multiplied by the applicable tax rate

Creates a separate "Disputed Assessment Fund" administered by the Nassau County Treasurer to collect disputed assessment charges and pay refunds resulting from tax grievance settlements or court decisions

Effective immediately for real property taxes levied and extended on the 2016-2017 tax roll and all subsequent tax rolls