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

New York State Senate Bill S05221 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. The bill 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. This limitation applies only if the approved assessing unit has passed a local law, ordinance, or resolution providing for it.

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

New York State Senate Bill S05221 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. The bill 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. This limitation applies only if the approved assessing unit has passed a local law, ordinance, or resolution providing for it.