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NY S09372
Bill
Status
6/10/2022
Primary Sponsor
Andrew Gounardes
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AI Summary
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Amends real property tax law to allow cities (as special assessing units) to determine the percent increase in current base proportions for fiscal year 2023, capped at a maximum of 5 percent.
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Requires local legislative bodies to make this determination by October 1, 2022.
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If a city has already sent fiscal year 2023 tax bills before this act becomes law, the city must revise base proportions, reset tax rates, and send amended bills.
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Taxpayers remain obligated to pay any tax installments that were due before amended bills are sent, based on the law in effect prior to this act.
Legislative Description
Relates to the determination of adjusted base proportions in special assessing units which are cities.
Last Action
SIGNED CHAP.215
6/10/2022