Extends limitations on the shift between classes of taxable property in Orangetown, Rockland for 2026-2027 assessment rolls.

The bill 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 2026-2027 assessment rolls. It specifies that the current base proportion of any class shall not exceed the adjusted base proportion or adjusted proportion of the 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, and the legislative body must adjust the proportions so their sum equals one.

Extends limitations on the shift between classes of taxable property in Orangetown, Rockland for 2026-2027 assessment rolls.

The bill 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 2026-2027 assessment rolls. It specifies that the current base proportion of any class shall not exceed the adjusted base proportion or adjusted proportion of the 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, and the legislative body must adjust the proportions so their sum equals one.