NY A09729

Amends the Real Property Tax Law to add new provisions for the town of Orangetown in Rockland County regarding property tax base proportions.

Limits the increase in current base proportion for any property class to no more than one percent compared to the adjusted base proportion of the immediately preceding year, beginning with the 2018-2019 assessment roll.

Requires the town of Orangetown to pass a local law, ordinance, or resolution to adopt this limitation.

Directs the legislative body to adjust the current base proportion of one or more property classes so that the sum of all current base proportions equals one when the one percent cap would otherwise be exceeded.

Takes effect immediately upon enactment.