New York S06163 provides state aid to cities, towns, villages, or fire districts with over 35% tax-exempt property.

New York S06163 amends the real property tax law to provide state aid for cities, towns, villages, or fire districts where tax-exempt property exceeds 35% of total property value. The aid is distributed based on both population and the value of tax-exempt property, with 50% allocated according to each entity's population relative to all eligible entities and the other 50% based on the value of tax-exempt property. The act takes effect immediately and applies to assessment rolls prepared after its enactment.

New York S06163 provides state aid to cities, towns, villages, or fire districts with over 35% tax-exempt property.

New York S06163 amends the real property tax law to provide state aid for cities, towns, villages, or fire districts where tax-exempt property exceeds 35% of total property value. The aid is distributed based on both population and the value of tax-exempt property, with 50% allocated according to each entity's population relative to all eligible entities and the other 50% based on the value of tax-exempt property. The act takes effect immediately and applies to assessment rolls prepared after its enactment.