Senate BillIntroduced
S 2160: Prohibits the city of New York from increasing property taxes where a property's assessed value has decreased in the previous year; applies only to class one and class two properties.
What S 2160 does, verified January 8, 2026
The bill proposes to amend the administrative code of the city of New York. It aims to prevent the city from increasing property taxes when a property's assessed value has decreased in the previous year. The proposed law would limit the increase in assessed value for a year after a real property's market value has decreased. This decrease in assessed value would be the lesser of the assessed value in the prior year or the product of the assessment ratio times the market value. This change would only apply to class one and class two properties, as defined in the real property tax law. The law would take effect immediately upon its passage.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: REFERRED TO FINANCE (2026-01-07)Alert me
Quick answers about S 2160
- What is the current status of S 2160?
- As of January 8, 2026, S 2160 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on January 7, 2026, was "REFERRED TO FINANCE".
- Did S 2160 pass?
- Not yet. S 2160 has been introduced and has not passed either house.
- Who wrote S 2160, and where is it now?
- S 2160 was authored by Sen. Leroy Comrie with 1 coauthor. Its committee of record is Senate Finance.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions2 total · showing 2
| Jan. 07, 2026 | REFERRED TO FINANCE |
| Jan. 15, 2025 | REFERRED TO FINANCE |
Latest bill textIntroduced version, January 15, 2025 · 239 words
STATE OF NEW YORK ________________________________________________________________________ 2160 2025-2026 Regular Sessions IN SENATE January 15, 2025 ___________ Introduced by Sens. COMRIE, GOUNARDES -- read twice and ordered printed, and when printed to be committed to the Committee on Finance AN ACT to amend the administrative code of the city of New York, in relation to prohibiting the city of New York from increasing property taxes where a property's assessed value has decreased in the previous year The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The administrative code of the city of New York is amended 2 by adding a new section 11-239.1 to read as follows: 3 § 11-239.1 Assessments following decreased valuation. For a period of 4 a year after a real property's market value has decreased, the assessed 5 value of such property shall be the lesser of the assessed value in the 6 prior year or the product of the assessment ratio times the market 7 value. This section shall apply only to class one and class two proper- 8 ties as such classes are defined in subdivision one of section eighteen 9 hundred two of the real property tax law. 10 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD03332-01-5
Text of S 2160 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions