Extends limitations on the shift between classes of taxable property in Orangetown, Rockland County for 2025-2026 assessment rolls.

This bill amends the real property tax law to extend limitations on the shift between classes of taxable property in the town of Orangetown, County of Rockland for the 2025-2026 assessment rolls. It specifies that the current base proportion of any class shall not exceed the adjusted base proportion or adjusted proportion of the immediately preceding year by more than one percent, provided the assessing unit has passed a local law, ordinance, or resolution. The act takes effect immediately.

Extends limitations on the shift between classes of taxable property in Orangetown, Rockland County for 2025-2026 assessment rolls.

This bill amends the real property tax law to extend limitations on the shift between classes of taxable property in the town of Orangetown, County of Rockland for the 2025-2026 assessment rolls. It specifies that the current base proportion of any class shall not exceed the adjusted base proportion or adjusted proportion of the immediately preceding year by more than one percent, provided the assessing unit has passed a local law, ordinance, or resolution. The act takes effect immediately.