Bill Text: NY A11154 | 2017-2018 | General Assembly | Introduced

---

Bill Title: Provides that Nassau county undertakes a reassessment of class one real property for the January 2019 tentative assessment roll; makes related provisions.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Engrossed - Dead) 2018-06-20 - REFERRED TO RULES [A11154 Detail]

Download: New_York-2017-A11154-Introduced.html

---

                STATE OF NEW YORK
        ________________________________________________________________________
                                          11154
                   IN ASSEMBLY
                                      June 11, 2018
                                       ___________
        Introduced  by  COMMITTEE ON RULES -- (at request of M. of A. Hooper) --
          read once and referred to the Committee on Real Property Taxation
        AN ACT to amend the Nassau County Administrative Code, in relation to  a
          partial  exemption  granted  to certain real property on Nassau County
          assessment rolls
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Chapter  272 of the laws of 1939, constituting the Nassau
     2  county administrative code, is amended by adding a new section 6-2.11 to
     3  read as follows:
     4    § 6-2.11. Partial  exemption  for  certain  class  one  property  with
     5  disproportionate assessments.  a. The legislature has found that certain
     6  real  property  on assessment rolls of the county of Nassau in class one
     7  as defined in section eighteen hundred two of the real property tax  law
     8  has  become  disproportionately  affected by prior county assessments. A
     9  reassessment of class one  properties  by  the  county  expected  to  be
    10  completed for the January 2019 tentative assessment roll (correlating to
    11  the 2020-21 final assessment roll) will begin to correct the disparities
    12  and inequities created and perpetuated on prior assessment rolls. Pursu-
    13  ant  to  section  two of article sixteen of the New York State constitu-
    14  tion, the legislature has hereby determined  to  mitigate  the  negative
    15  effect on class one taxpayers most impacted by such prior county assess-
    16  ments that would otherwise not be addressed under current law.
    17    b. If the county of Nassau undertakes a reassessment of class one real
    18  property  for the January 2019 tentative assessment roll (correlating to
    19  the 2020-21 final assessment roll), the county acting through its  local
    20  legislative body is hereby authorized and empowered to adopt a local law
    21  to  provide  that  class  one  real property other than new construction
    22  since January 1, 2011 with a full value not exceeding five hundred thou-
    23  sand dollars on assessment rolls of the  county  shall  be  exempt  from
    24  taxation  to the extent of ten percent of the assessed valuation of such
    25  property if the full value of such property utilized  to  determine  its
    26  assessment  on  the 2020-21 final assessment roll either decreased from,
    27  or is not more than twenty percent greater than, the full value of  such
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD16271-02-8
        A. 11154                            2
     1  property  utilized  to  determine  its assessment on the 2019-2020 final
     2  assessment roll.
     3    §  2.  This  act shall take effect immediately and apply to assessment
     4  rolls beginning with the 2020-2021 real property tax  year  through  and
     5  including the 2024-2025 real property tax year.