BILL NUMBER: S9486
SPONSOR: THOMAS
 
TITLE OF BILL:
An act to amend the real property tax law, in relation to base
proportions in assessing units in Nassau and Suffolk counties
 
PURPOSE:
To allow approved assessing units and special assessing units in the
county of Nassau to adjust their current base proportions.
 
PURPOSE OR GENERAL IDEA OF BILL:
This legislation would limit the amount of property tax shift between
homestead/non-homestead and class share apportionment for local govern-
ments within and including Nassau County.
 
SUMMARY OF PROVISIONS:
Section 1: Amends section 1803-a of the Real Property Tax Law by adding
a new paragraph (kk) to limit the amount of a property tax shift between
classes of properties caused by large fluctuations in property values
for the 2024 assessment roll.
Section 2: Amends subparagraph (iv) of paragraph (a) of subdivision 3 of
section 1903 of the real property tax law to extend for one year the
limitation on the amount of a property tax shift between homestead and
non-homestead properties caused by large fluctuations in property Values
within such designated classes within Suffolk County.
Section 3: Amends Section 1903 of the-Real Property Tax Law by adding
new subparagraph (xxiii) to subdivision 3 to limit the amount of a prop-
erty tax shift between homestead and non-homestead properties caused by
large fluctuations in property values within Nassau County.
 
JUSTIFICATION:
In both Nassau and Suffolk County, there is a large differential in
property tax value increases between classes of property. This in turn
causes a large property tax increase in one class of property. Present-
ly, the amount of taxes which can be shifted from one class to another
is generally capped at five percent, but for a number of years the
legislature has extended provisions to cap that amount at 1 percent to
better protect against large property tax shifts.
 
PRIOR LEGISLATIVE HISTORY:
New bill.
 
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:
None to the state.
 
EFFECTIVE DATE:
This act shall take effect immediately; provided, however, that section
one of this act shall apply to the levy of taxes based on the 2024
assessment roll in a special assessing unit that is not a city and that
section three of this act shall apply to the levy of taxes based on the
2024 assessment roll in approved assessing units in the county of Nassau
that pass a local law, ordinance or resolution to adopt these
provisions.

Statutes affected:
S9486: 1803-a real property tax law, 1803-a(1) real property tax law, 1903 real property tax law, 1903(3) real property tax law