NY State Senate Bill 2025-S7980

Senate Bill S7980

2025-2026 Legislative Session

Relates to the determination of adjusted base proportions in special assessing units which are cities

download bill text pdf

Current Bill Status - In Senate Committee Cities 1 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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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
May 15, 2025	referred to cities 1

2025-S7980 (ACTIVE) - Details

See Assembly Version of this Bill:: A8629
Current Committee:: Senate Cities 1
Law Section:: Real Property Tax Law
Laws Affected:: Amd §1803-a, RPT L

2025-S7980 (ACTIVE) - Summary

Relates to the determination of adjusted base proportions in special assessing units which are cities for fiscal year 2026.

2025-S7980 (ACTIVE) - Sponsor Memo

                                 
BILL NUMBER: S7980

SPONSOR: GOUNARDES
 
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

 
PURPOSE OR GENERAL IDEA OF BILL:

This bill would amend section 1803-a of the Real Property Tax Law to
allow the local legislative body to amend the cap on the maximum class
growth rate as long as it does not exceed 5 percent for fiscal year
2026.

 
SUMMARY OF PROVISIONS:

Section One amends Subdivision 1 of section 1803-a of the real property
tax law

Section Two provides for the effectiveness of provisions for the special

assessing unit

Section Three provides for the effective date

 
JUSTIFICATION:

In order to determine how much of the levy to collect from each of the
four tax classes next fiscal year, State law requires New York City to
adopt class shares based on the equalization rates calculated by the
State Board of Real Property Services (SBRPS). In most years, the rates
provided by SBRPS would cause an increase to the tax burden for owners
of class one property, comprising one-to-three-family homes.  Currently,
State law provides that the current base proportion of any of the City's
four tax classes may not exceed the adjusted base proportion from the
prior year by more than five percent. This bill would permit the local
legislative body to lower the cap on the maximum allowable growth rate
for the share of the overall tax levy paid by each class. Flexibility to
lower this cap would allow the Council to adopt balanced tax rates for
Fiscal 2026 that provide relief for class one homeowners without placing
undue burden on the other property tax classes.

The equalization rates have caused class one's tax rate to increase in
ten of the past fifteen years, with six of those years seeing increases
of over two percent. Conversely, the other three classes have seen much
more balanced oscillations in their tax rates, with increases of over
two percent only occurring three years for class three, one year for
class four, and never for class two.

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, tax rates for class one and two may increase uncontrollably,
and cause significant increases in the tax bills for residential home-
owners. Limiting the tax rate increases for classes one and two that
would result from SBRPS procedures is avoidable only through passage of
this legislation.

 
PRIOR LEGISLATIVE HISTORY:
None

 
FISCAL IMPLICATIONS:

TBD

 
EFFECTIVE DATE:
This act shall take effect immediately

2025-S7980 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7980
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                               May 15, 2025
                                ___________
 
 Introduced by Sen. GOUNARDES -- read twice and ordered printed, and when
   printed to be committed to the Committee on Cities 1
 
 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

   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 (nn) to read as follows:
   (NN)  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 TWENTY-SIX, THE PERCENT INCREASE OF  THE
 CURRENT  BASE  PROPORTION OF ANY CLASS OVER THE ADJUSTED BASE PROPORTION
 OR ADJUSTED PROPORTIONS, WHICHEVER IS APPROPRIATE,  OF  THE  IMMEDIATELY
 PRECEDING YEAR SHALL BE DETERMINED BY THE LOCAL LEGISLATIVE BODY OF SUCH
 SPECIAL  ASSESSING UNIT, PROVIDED THAT SUCH PERCENT INCREASE SHALL BE NO
 MORE THAN FIVE PERCENT, AND PROVIDED FURTHER, THAT THE LOCAL LEGISLATIVE
 BODY SHALL MAKE SUCH DETERMINATION BY DECEMBER FIRST, TWO THOUSAND TWEN-
 TY-FIVE.
   § 2. In the event the special assessing unit which is a city has  sent
 out  real  property  tax  bills for its fiscal year 2026 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 effectuate 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 in this act 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
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD13075-01-5

 S. 7980                             2
 
 sent;  for this purpose, such obligations shall be determined in accord-
 ance with the applicable provisions of law that  were  in  effect  imme-
 diately  prior to the effective date of this act, and such city shall be
 authorized  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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