New York A08629 amends real property tax law for fiscal year 2026.
New York A08629 amends the real property tax law to adjust base proportions in special assessing units that are cities for fiscal year 2026. The bill specifies that the percent increase of the current base proportion over the adjusted base proportion of the previous year must be determined by the local legislative body of the special assessing unit. This increase is capped at five percent and must be determined by December 1, 2025.
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