NY A07094

Limits annual increases in current base proportions for property tax classes to one percent (instead of higher rates) for Nassau County approved assessing units and non-city special assessing units using their 2021 assessment roll.

Requires the legislative body to adjust remaining class base proportions so the total equals one when any class reaches the one percent cap.

For Nassau County approved assessing units, the one percent cap applies only if the unit passes a local law, ordinance, or resolution adopting these provisions.

Extends Suffolk County's existing base proportion limitations to include the 2021-2022 assessment roll (previously capped at 2019-2020).

Takes effect immediately, applying to tax levies based on 2021 assessment rolls in eligible Nassau County units and non-city special assessing units that adopt the provisions.