Limits the amount of property tax shift between homestead/non-homestead and class share apportionment for local governments in Nassau and Suffolk.

New York A11193 amends the real property tax law to limit the amount of property tax shift between homestead/non-homestead and class share apportionment for local governments in Nassau and Suffolk County. Specifically, it restricts the current base proportion of any class to not exceed the adjusted base proportion or adjusted proportion of the immediately preceding year by more than one percent. If the computation would otherwise produce such a result, the current base proportion is limited to a one percent increase.

Limits the amount of property tax shift between homestead/non-homestead and class share apportionment for local governments in Nassau and Suffolk.

New York A11193 amends the real property tax law to limit the amount of property tax shift between homestead/non-homestead and class share apportionment for local governments in Nassau and Suffolk County. Specifically, it restricts the current base proportion of any class to not exceed the adjusted base proportion or adjusted proportion of the immediately preceding year by more than one percent. If the computation would otherwise produce such a result, the current base proportion is limited to a one percent increase.