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NY A08629
Bill
Status
5/22/2025
Primary Sponsor
David Weprin
Click for details
AI Summary
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Allows local legislative bodies in special assessing units that are cities to determine the percent increase of current base proportions over adjusted base proportions for fiscal year 2026, capped at no more than 5%
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Requires the local legislative body to make this determination by December 1, 2025
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Mandates cities that have already sent out property tax bills for fiscal year 2026 before the law takes effect to revise base proportions, reset tax rates, and send amended bills
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Protects taxpayer obligations for any tax installments due and payable before amended bills are sent, keeping those obligations under prior law
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Takes effect immediately upon passage
Legislative Description
Relates to the determination of adjusted base proportions in special assessing units which are cities for fiscal year 2026.
Last Action
substituted by s7980
6/13/2025