NY A11216

Establishes a "Disputed Assessment Fund" in Nassau County, administered by the county treasurer, to pay refunds, cancellations, and credits on class four real property taxes resulting from court settlements, final orders, or assessment review commission determinations.

Requires Nassau County to levy annual charges on class four real property, not to exceed 10 percent of class four levies, with amounts collected placed into the disputed assessment fund as a separate line item on tax bills.

Specifies that charges shall be calculated, levied, and collected like regular Nassau County property taxes, but monies in the fund are not deemed county revenues and payments from it are not deemed county expenditures.

Excludes the 2016-2017 and 2017-2018 tax rolls from the new fund requirements, with those charges accounted for separately from subsequent tax roll collections.

Takes effect immediately upon enactment.