Authorizes the commissioner of taxation and finance to establish segment special equalization rates for certain school districts in Babylon and.

This bill amends the real property tax law to authorize the commissioner of taxation and finance to establish segment special equalization rates for the Amityville Union Free School District and Farmingdale Union Free School District for the segments of the districts in the towns of Babylon and Oyster Bay starting in fiscal year 2026. These rates will be used solely for the apportionment of school taxes. A segment special equalization rate will not be established if it would not result in at least a two percent change in the share of the levy of at least one segment of the taxing jurisdiction.

Authorizes the commissioner of taxation and finance to establish segment special equalization rates for certain school districts in Babylon and.

This bill amends the real property tax law to authorize the commissioner of taxation and finance to establish segment special equalization rates for the Amityville Union Free School District and Farmingdale Union Free School District for the segments of the districts in the towns of Babylon and Oyster Bay starting in fiscal year 2026. These rates will be used solely for the apportionment of school taxes. A segment special equalization rate will not be established if it would not result in at least a two percent change in the share of the levy of at least one segment of the taxing jurisdiction.