S 7980: Relates to the determination of adjusted base proportions in special assessing units which are cities for fiscal year 2026.

  
  STATE OF NEW YORK ________________________________________________________________________ 7980 2025-2026 Regular Sessions  IN SENATE 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: 1 Section 1. Subdivision 1 of section 1803-a of the real property tax 2 law is amended by adding a new paragraph (nn) to read as follows: 3 (nn) Notwithstanding the provisions of paragraph (c) of this subdivi- 4 sion to the contrary, in a special assessing unit which is a city and 5 for current base proportions to be determined in such special assessing 6 unit's fiscal year two thousand twenty-six, the percent increase of the 7 current base proportion of any class over the adjusted base proportion 8 or adjusted proportions, whichever is appropriate, of the immediately 9 preceding year shall be determined by the local legislative body of such 10 special assessing unit, provided that such percent increase shall be no 11 more than five percent, and provided further, that the local legislative 12 body shall make such determination by December first, two thousand twen- 13 ty-five. 14 § 2. In the event the special assessing unit which is a city has sent 15 out real property tax bills for its fiscal year 2026 before this act 16 shall have become a law, the city shall take such actions as are neces- 17 sary, consistent with applicable state and local law, to effectuate the 18 provisions of section one of this act, including, but not limited to, 19 revising the current base proportions and adjusted base proportions, 20 resetting the real property tax rates and sending amended real property 21 tax bills. Provided, however, that nothing in this act shall be deemed 22 to affect the obligation of any taxpayer with respect to the payment of 23 any installment of real property tax for such fiscal year which was due 24 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 1 sent; for this purpose, such obligations shall be determined in accord- 2 ance with the applicable provisions of law that were in effect imme- 3 diately prior to the effective date of this act, and such city shall be 4 authorized to determine the date on which amended bills are to be sent 5 and the installments of real property tax which are to be reflected 6 therein. 7 § 3. This act shall take effect immediately.