New York Assembly Bill A05364

New York 2025-2026 Regular Session

• Introduced: 2/13/25
• Refer: 2/13/25
• Report Pass: 5/27/25
• Refer: 5/27/25
• Report Pass: 6/4/25
• Refer: 6/4/25
• Report Pass: 6/6/25
• Engrossed: 6/6/25
• Refer: 6/6/25
• Engrossed: 6/12/25
• Enrolled: 8/15/25
• Chaptered: 8/22/25
• Passed: 8/22/25

Caption

Relates to limiting the shift between classes of taxable property in the town of Haverstraw, county of Rockland for 2025-2026.

Summary

Bill A05364 seeks to amend the real property tax law specifically for the town of Haverstraw in Rockland County, New York. The bill introduces a limitation on the shift between classes of taxable property, ensuring that the current base proportion of any class does not exceed the adjusted base proportion of the previous year by more than one percent. This measure is intended to stabilize property tax assessments and prevent significant fluctuations in tax burdens among different property classes within the town for the 2025-2026 assessment rolls.

Impact

If enacted, this bill will directly affect the real property tax law as it pertains to the town of Haverstraw. It will establish a framework that restricts the annual increase in property tax proportions, thereby providing predictability for property owners and potentially easing the financial burden on taxpayers. This could lead to a more equitable distribution of tax responsibilities among property classes, aligning with the town's fiscal policies.

Sentiment

The sentiment surrounding Bill A05364 appears to be largely positive, as evidenced by the voting history which shows overwhelming support in committee and on the floor, with only a few dissenting votes. The bill has passed through multiple committees favorably, indicating a consensus among lawmakers about the necessity of this measure for the town's tax structure.

Contention

While the bill has garnered broad support, some contention may arise from property owners who could be adversely affected by the limitations on tax shifts, particularly if they are in a class that would have otherwise seen a larger increase in their tax burden. However, specific points of contention have not been extensively documented in the available discussion transcripts.