BILL NUMBER: S8909
SPONSOR: WEBER
 
TITLE OF BILL:
An act to amend the real property tax law, in relation to extending
limitations on the shift between classes of taxable property in the town
of Clarkstown, county of Rockland
 
PURPOSE:
This bill would limit shifts between homestead and non-homestead proper-
ty classes of no more than one percent per year.
 
SUMMARY OF PROVISIONS:
Section 1: Amends section 1903 of the real property tax law as it
relates to limiting the shift between classes of taxable property to one
percent in the Town of Clarkstown.
Section 2: Sets the effective date.
 
JUSTIFICATION:
Municipalities that have classes of taxable property (homestead/non-
homestead) are often faced with drastic fluctuations in shifts between
the two classes of taxable property. Current law limits those shifts at
5% but this bill would restrict the shift in the Town of Clarkstown to
no more than 1%; creating stability in the tax base from year to year.
Similar legislation was proposed and implemented last year, this act
will extend the limitation on the shift between classes of taxable prop-
erty to one percent in the Town of Clarkstown for another year.
 
LEGISLATIVE HISTORY:
New Bill.
 
FISCAL IMPLICATIONS:
None.
 
EFFECTIVE DATE:
This act shall take effect immediately.

Statutes affected:
S8909: 1903 real property tax law, 1903(3) real property tax law