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NY A07600

Bill

Status

Introduced

5/25/2023

Primary Sponsor

John McGowan

Click for details

Origin

Assembly

2023-2024 General Assembly

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
NY A 07600 - Introduced | New York 2023 Bill | Vulcan Bills