S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4390
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 4, 2025
                                ___________
 
 Introduced  by  M.  of  A.  P. CARROLL  -- read once and referred to the
   Committee on Real Property Taxation
 
 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 Orangetown, county of Rockland

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subparagraph  (xix)  of paragraph (a) of subdivision 3 of
 section 1903 of the real property tax law, as amended by chapter 193  of
 the laws of 2024, is amended to read as follows:
   (xix)  Notwithstanding  any  other  provision  of  law, in an approved
 assessing unit in the town of Orangetown, county  of  Rockland  and  for
 current  base  proportions  to  be  determined  by  taxes  based on such
 approved assessing unit's two thousand eighteen--two thousand  nineteen,
 two  thousand  nineteen--two  thousand  twenty, two thousand twenty--two
 thousand twenty-one, two thousand twenty-one--two  thousand  twenty-two,
 two  thousand  twenty-two--two thousand twenty-three, two thousand twen-
 ty-three--two thousand twenty-four, [and] two thousand  twenty-four--two
 thousand  twenty-five,  AND TWO THOUSAND TWENTY-FIVE--TWO THOUSAND TWEN-
 TY-SIX assessment rolls, the current base proportion of any class  shall
 not exceed the adjusted base proportion or adjusted proportion, whichev-
 er  is  appropriate, of the immediately preceding year, by more than one
 percent, provided that such approved assessing unit has passed  a  local
 law,  ordinance  or resolution providing therefor. 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 one percent increase 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.
   § 2. This act shall take effect immediately.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08475-01-5