NY A10285

Extends the limitation on shifts between taxable property classes in the town of Orangetown, Rockland County to include the 2024-2025 assessment roll.

Maintains the existing one percent cap on year-to-year increases in the current base proportion for any property class.

Applies to approved assessing units that have passed a local law, ordinance, or resolution authorizing these limitations.

Requires the legislative body to adjust current base proportions of property classes so that the total equals one if the cap would otherwise be exceeded.

Takes effect immediately upon enactment.