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NY S08046
Bill
AI Summary
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Allows special assessing units that are not cities to limit increases in current base proportions to no more than one percent per year on their 2016 assessment roll.
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Extends the one percent cap on base proportion increases for approved assessing units in Suffolk County to include the 2016-2017 assessment roll (previously capped at 2015-2016).
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Permits approved assessing units in Nassau County to implement a one percent cap on current base proportion increases for their 2016 assessment roll if the assessing unit passes a local law, ordinance, or resolution adopting these provisions.
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Requires that when base proportion increases are limited by these caps, the legislative body must adjust the proportions of remaining property classes so that all current base proportions total one.
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Effective immediately for special assessing units (non-cities) applying the 2016 assessment roll and for Nassau County approved assessing units that adopt the provision via local action.
Legislative Description
Allows certain special assessing units other than cities to adjust their current base proportions; gives special and approved assessing units the authority to tailor their "cap" to local conditions each year, thereby removing the annual uncertainty; relates to adjusted base proportions for assessment rolls; relates to the base proportion in approved assessing units in Nassau county.
Last Action
SIGNED CHAP.93
7/5/2016