senate Bill S5027

Signed by Governor

Relates to limiting base proportion for the 2013-2014 assessment roll in the county of Suffolk

download pdf

Sponsor

Bill Status


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

actions

  • 06 / May / 2013
    • REFERRED TO LOCAL GOVERNMENT
  • 04 / Jun / 2013
    • 1ST REPORT CAL.1062
  • 05 / Jun / 2013
    • 2ND REPORT CAL.
  • 10 / Jun / 2013
    • ADVANCED TO THIRD READING
  • 11 / Jun / 2013
    • PASSED SENATE
  • 11 / Jun / 2013
    • DELIVERED TO ASSEMBLY
  • 11 / Jun / 2013
    • REFERRED TO WAYS AND MEANS
  • 17 / Jun / 2013
    • SUBSTITUTED FOR A7574
  • 17 / Jun / 2013
    • ORDERED TO THIRD READING RULES CAL.270
  • 17 / Jun / 2013
    • PASSED ASSEMBLY
  • 17 / Jun / 2013
    • RETURNED TO SENATE
  • 19 / Jul / 2013
    • DELIVERED TO GOVERNOR
  • 31 / Jul / 2013
    • SIGNED CHAP.281

Summary

Relates to limiting base proportion for the 2013-2014 assessment roll in the county of Suffolk.

do you support this bill?

Bill Details

See Assembly Version of this Bill:
A7574
Versions:
S5027
Legislative Cycle:
2013-2014
Law Section:
Real Property Tax Law
Laws Affected:
Amd ยง1903, RPT L

Sponsor Memo

BILL NUMBER:S5027

TITLE OF BILL: An act to amend the real property tax law, in relation
to limiting base proportion for the 2013-2014 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 2013-2014, 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 103 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, 2008-2009, and the 2012-2013 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 2013-2014 assessment roll. This will create real
property tax stability for another year for approved assessing units
within the County of Suffolk.

LEGISLATIVE HISTORY: New Legislation

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
________________________________________________________________________

                                  5027

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               May 6, 2013
                               ___________

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 2013-2014 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 85 of
the laws of 2012, 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, two  thousand  eight--two
thousand nine [and], two thousand twelve--two thousand thirteen, AND TWO
THOUSAND  THIRTEEN--TWO THOUSAND FOURTEEN assessment rolls, one percent.
Where the  computation  of  current  base  proportions  would  otherwise
produce such result, the current base proportion of such class or class-
es shall be limited to such two percent or one percent increase whichev-
er  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.
                                                           LBD10173-01-3

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.