New York S08297 amends real property tax law to adjust base proportions in Nassau and Suffolk counties for 2025-2026.

New York S08297 amends the real property tax law to adjust base proportions in assessing units in Nassau and Suffolk counties for the 2025-2026 tax year. It modifies the base proportions for certain classes to ensure they do not exceed the adjusted base proportion of the previous year by more than one percent. The bill also mandates that the sum of the current base proportions equals one. This change applies to the 2025 assessment roll in approved assessing units in Nassau County that adopt these provisions through a local law, ordinance, or resolution.

New York S08297 amends real property tax law to adjust base proportions in Nassau and Suffolk counties for 2025-2026.

New York S08297 amends the real property tax law to adjust base proportions in assessing units in Nassau and Suffolk counties for the 2025-2026 tax year. It modifies the base proportions for certain classes to ensure they do not exceed the adjusted base proportion of the previous year by more than one percent. The bill also mandates that the sum of the current base proportions equals one. This change applies to the 2025 assessment roll in approved assessing units in Nassau County that adopt these provisions through a local law, ordinance, or resolution.