NY A04750

Amends real property tax law to extend limitations on shifts between property tax classes in the town of Clarkstown, Rockland County through the 2021-2022 assessment roll.

Limits annual increases in the current base proportion of any property class to one percent, provided the assessing unit has passed a local law, ordinance, or resolution authorizing such limitations.

Applies restriction to approved assessing units using base proportions determined by taxes from the 2017-2018, 2018-2019, 2019-2020, 2020-2021, and 2021-2022 assessment rolls.

Requires the legislative body to adjust current base proportions of property classes so their sum equals one when computation would otherwise exceed the one percent increase limitation.

Takes effect immediately upon enactment.