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NY A07600
Bill
Status
Introduced
5/25/2023
Primary Sponsor
John McGowan
Click for details
AI Summary
- Extends limitations on tax class shifts in the town of Orangetown, Rockland County through the 2023-2024 assessment roll period
- Restricts any property class's current base proportion from exceeding the prior year's adjusted base proportion by more than one percent
- Applies to approved assessing units that have adopted a local law, ordinance, or resolution authorizing the limitation
- When current base proportion computations would exceed the one percent increase limit, the assessing unit must cap the increase at one percent and adjust other class proportions so totals equal one
- Takes effect immediately upon enactment
Legislative Description
Extends the limitations on the shift between classes of taxable property in the town of Orangetown, county of Rockland for the 2023--2024 assessment rolls.
Last Action
referred to real property taxation
5/25/2023
Committee Referrals
Real Property Taxation5/25/2023
Full Bill Text
No bill text available