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

The bill 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 increase in the current base proportion of any class to no more than one percent in Nassau County and two percent in Suffolk County, compared to the adjusted base proportion of the preceding year.

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

The bill 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 increase in the current base proportion of any class to no more than one percent in Nassau County and two percent in Suffolk County, compared to the adjusted base proportion of the preceding year.