senate Bill S7131

Signed by Governor

Relates to limiting base proportion for the 2012-2013 assessment roll in the county of Suffolk

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Sponsor

Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor
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actions

  • 30 / Apr / 2012
    • REFERRED TO LOCAL GOVERNMENT
  • 16 / May / 2012
    • 1ST REPORT CAL.836
  • 21 / May / 2012
    • 2ND REPORT CAL.
  • 22 / May / 2012
    • ADVANCED TO THIRD READING
  • 23 / May / 2012
    • PASSED SENATE
  • 23 / May / 2012
    • DELIVERED TO ASSEMBLY
  • 23 / May / 2012
    • REFERRED TO REAL PROPERTY TAXATION
  • 20 / Jun / 2012
    • SUBSTITUTED FOR A10651
  • 20 / Jun / 2012
    • ORDERED TO THIRD READING RULES CAL.433
  • 20 / Jun / 2012
    • PASSED ASSEMBLY
  • 20 / Jun / 2012
    • RETURNED TO SENATE
  • 22 / Jun / 2012
    • DELIVERED TO GOVERNOR
  • 29 / Jun / 2012
    • SIGNED CHAP.85

Summary

Relates to limiting base proportion for the 2012-2013 assessment roll in the county of Suffolk.

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Bill Details

See Assembly Version of this Bill:
A10651
Versions:
S7131
Legislative Cycle:
2011-2012
Law Section:
Real Property Tax Law
Laws Affected:
Amd ยง1903, RPT L

Sponsor Memo

BILL NUMBER:S7131

TITLE OF BILL:
An act
to amend the real property tax law, in relation to limiting base
proportion for the 2012-2013 assessment roll in the county of Suffolk

PURPOSE:
To enact legislation which limits the amount of a property tax shift
from one class of property to another for 2012-2013 due to large
fluctuations in property values between property classes for the Town
of Islip, which is the only approved assessing unit in the county of
Suffolk.

SUMMARY OF PROVISIONS:
This bill amends subparagraph (iv) of paragraph (a) of subdivision 3
of section 1903 of the real property tax law by extending for one year
legislation which limits the amount of a property tax shift between
classes of properties caused by large fluctuations in property values
within classes.

JUSTIFICATION:
In 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. Presently, the amount
of taxes which can be shifted from one class to another is generally
capped at five percent, but for the 2005-2006, 2006-2007, 2007-2008
and the 2008-2009 tax rolls it was capped at 1 percent to protect
against large property tax shifts. This legislation will extend the
authority to cap the property tax shift at one percent for the
2012-2013 assessment roll. This extension makes sense as there was a
discrepancy between the base proportions that were computed for the
2004 roll of an approved assessing unit in the County of Suffolk and
the base proportions that would have been computed if the homestead
base proportion exceeded the homestead adjusted base proportion of
the immediately preceding year by two percent. This discrepancy was
to be corrected so as not to create a large property tax increase.
This legislation is once again necessary to extend the cap on
property tax shifts to reflect such correction. This will create real
property tax stability for another year for approved assessing units
within the County of Suffolk.

LEGISLATIVE HISTORY:
New legislation, 2012.

FISCAL IMPLICATIONS:
There are no costs to the state or localities. This bill will allow
for a more equitable distribution of real property taxes between
classes of property.

EFFECTIVE DATE:

This act shall take effect immediately.

view bill text
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7131

                            I N  S E N A T E

                             April 30, 2012
                               ___________

Introduced  by  Sen.  ZELDIN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Local Government

AN ACT to amend the real property tax law, in relation to limiting  base
  proportion for the 2012-2013 assessment roll in the county of Suffolk

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subparagraph (iv) of paragraph  (a)  of  subdivision  3  of
section  1903 of the real property tax law, as amended by chapter 145 of
the laws of 2008, is amended to read as follows:
  (iv) Notwithstanding any  other  provision  of  law,  in  an  approved
assessing unit in the county of Suffolk and for current base proportions
to  be  determined  by taxes based on such approved assessing unit's two
thousand three - two thousand four, two thousand  four  -  two  thousand
five  and  two  thousand  five  - two thousand six assessment rolls, the
current base proportion of any class shall not exceed the adjusted  base
proportion  or  adjusted  proportion,  whichever  is appropriate, of the
immediately preceding year by more than two percent, or in the  case  of
the  two thousand five--two thousand six, two thousand six--two thousand
seven, two thousand seven--two thousand eight [and], two thousand eight-
-two thousand  nine  AND  TWO  THOUSAND  TWELVE--TWO  THOUSAND  THIRTEEN
assessment  rolls,  one  percent.  Where the computation of current base
proportions would  otherwise  produce  such  result,  the  current  base
proportion of such class or classes shall be limited to such two percent
or  one  percent  increase  whichever is applicable, and the legislative
body of such approved  assessing  unit  shall  alter  the  current  base
proportion  of  either  class  so  that  the  sum  of  the  current base
proportions equals one.
  S 2. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15590-01-2

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