NY State Senate Bill 2017-S8941

Archive: Last Bill Status - In Senate Committee Rules Committee

Introduced
- In Committee Assembly
- In Committee Senate
- On Floor Calendar Assembly
- On Floor Calendar Senate
- Passed Assembly
- Passed Senate
Delivered to Governor
Signed By Governor

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Date of Action	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jun 07, 2018	referred to rules

2017-S8941 (ACTIVE) - Details

See Assembly Version of this Bill:: A11123
Current Committee:: Senate Rules
Law Section:: Real Property Tax Law
Laws Affected:: Amd §1803-a, RPT L

2017-S8941 (ACTIVE) - Summary

Relates to the determination of adjusted base proportions in special assessing units which are cities for the fiscal year two thousand nineteen; provides that the current base proportion of any class shall not exceed the adjusted base proportion of the immediately preceding year by more than one-half of one percent.

2017-S8941 (ACTIVE) - Sponsor Memo

                                
 
BILL NUMBER: S8941

SPONSOR: GOLDEN
 
TITLE OF BILL:

An act to amend the real property tax law, in relation to the determi-
nation of adjusted base proportions in special assessing units which are
cities for the fiscal year two thousand nineteen

 
SUMMARY OF PROVISIONS:

This bill would amend section 1803-a of the Real Property Tax Law to cap
the maximum class growth rate at one half of one percent for fiscal year
2019.

 
JUSTIFICATION:

State law requires New York City to adopt class shares based on rates
calculated by the State Board of Real Property Services (SBRPS) in order
to distribute the tax levy among the four classes of real property. This
year, the State Board's class equalization rates would cause the tax

burden on property tax class one (comprised of one-, two-, and three-fa-
mily homes) to increase, as it has done over the past several years.

This bill is designed to provide relief for residential property tax
class one without placing a burden onto class two, which is the other
residential tax class. The "uncapped" current base proportions of class
one would grow by over 6.6 percent from fiscal year 2018, under the
State Board's calculations. Currently, State law provides that the
current base proportion of any single class may not exceed the adjusted
base proportion for that class from the prior year by more than five
percent.

This legislation would adjust that rule, for one year only, to cap the
maximum class growth at 0.5 percent for New York City. The effect of
this change would be to reduce the amount by which the current base
proportions for any class, including class one, is allowed to grow,
resulting in citywide savings of about $272 for a typical owner of a
class one single family home. Under a cap of 0.5 percent, class two
properties will see a decrease in the tax rate, making the rate the
lowest it has been since fiscal year 2009. Additionally, under a cap of
0.5 percent, the rate for class three properties increases by 1.7
percent from fiscal 2018, however, the rate is still lower than it had
been from fiscal 2009 through fiscal 2013. Class four properties would
see no change in the rate from fiscal 2018, keeping the rate lower than
it had been from fiscal 2015 through fiscal 2017.

Failure to enact this legislation would leave the City Council no option
but to adopt the default SBRPS formula for establishing class shares. In
that case, the estimated tax rate increase for class one would be over
seven percent, which, when coupled with assessment increases, would
cause significant increases in the tax bills for residential homeowners.
This tax rate increase for class one, resulting from SBRPS procedures,
is avoidable only through passage of this legislation.

 
FISCAL IMPLICATIONS:

There would be zero impact on expenditures and revenues as a result of
this legislation.
 
EFFECTIVE DATE:
Immediately.

2017-S8941 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8941
 
                             I N  S E N A T E
 
                               June 7, 2018
                                ___________
 
 Introduced  by  Sen.  GOLDEN -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules
 
 AN ACT to amend the real property tax law, in relation to  the  determi-
   nation  of  adjusted base proportions in special assessing units which
   are cities for the fiscal year two thousand nineteen
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision  1 of section 1803-a of the real property tax
 law is amended by adding a new paragraph (dd) to read as follows:
   (DD) NOTWITHSTANDING THE PROVISIONS OF PARAGRAPH (C) OF THIS  SUBDIVI-
 SION  TO  THE  CONTRARY, IN A SPECIAL ASSESSING UNIT WHICH IS A CITY AND
 FOR CURRENT BASE PROPORTIONS TO BE DETERMINED IN SUCH SPECIAL  ASSESSING
 UNIT'S FISCAL YEAR TWO THOUSAND NINETEEN, 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  ONE-HALF OF ONE PERCENT. WHERE THE COMPUTATION PERFORMED
 PURSUANT TO PARAGRAPH (B) OF THIS SUBDIVISION  WOULD  OTHERWISE  PRODUCE
 SUCH  RESULT, THE CURRENT BASE PROPORTION OF SUCH CLASS OR CLASSES SHALL
 BE LIMITED TO A ONE-HALF OF ONE PERCENT  INCREASE  AND  THE  LEGISLATIVE
 BODY OF SUCH SPECIAL ASSESSING UNIT SHALL ALTER THE CURRENT BASE PROPOR-
 TION OF ANY OR ALL REMAINING CLASSES SO THAT THE SUM OF THE CURRENT BASE
 PROPORTIONS EQUALS ONE.
   §  2. In the event the special assessing unit which is a city has sent
 out real property tax bills for its fiscal year  2019  before  this  act
 shall  have become a law, the city shall take such actions as are neces-
 sary, consistent with applicable state and  local  law,  to  effect  the
 provisions  of  section  one of this act, including, but not limited to,
 revising the current base proportions  and  adjusted  base  proportions,
 resetting  the real property tax rates and sending amended real property
 tax bills. Provided, however, that nothing herein  shall  be  deemed  to
 affect the obligation of any taxpayer with respect to the payment of any
 installment  of real property tax for such fiscal year which was due and
 payable prior to the date such amended real property tax bills are sent;
 for this purpose, such obligations shall  be  determined  in  accordance
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

                       [ ] is old law to be omitted.
                                                            LBD16224-01-8

 S. 8941                             2
 
 with  the  applicable  provisions of law that were in effect immediately
 prior to the effective date of this act, and such  city shall be author-
 ized to determine the date on which amended bills are to be sent and the
 installments of real property tax which are to be reflected therein.
   § 3. This act shall take effect immediately.

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Senate Bill S8941

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Archive: Last Bill Status - In Senate Committee Rules Committee

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2017-S8941 (ACTIVE) - Details

2017-S8941 (ACTIVE) - Summary

2017-S8941 (ACTIVE) - Sponsor Memo

2017-S8941 (ACTIVE) - Bill Text download pdf

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Sponsored By

Martin J. Golden

Archive: Last Bill Status - In Senate Committee Rules Committee

Actions

2017-S8941 (ACTIVE) - Details

2017-S8941 (ACTIVE) - Summary

2017-S8941 (ACTIVE) - Sponsor Memo

2017-S8941 (ACTIVE) - Bill Text download pdf

Comments