New York Senate Bill S05220

New York 2025-2026 Regular Session

• Introduced: 2/19/25
• Refer: 2/19/25

Caption

Extends limitations on the shift between classes of taxable property in the town of Clarkstown, county of Rockland for an additional year.

Summary

Bill S05220 amends the real property tax law specifically for the town of Clarkstown in Rockland County, New York. It extends the limitations on the shift between classes of taxable property for an additional year, allowing for a maximum increase of one percent in the current base proportion of any class of property. This adjustment is applicable to the assessment rolls from the years 2023-2024 through 2025-2026, provided that the local assessing unit has passed a corresponding local law or resolution.

Impact

The bill impacts the real property tax law by providing a mechanism for controlling the increase in property tax assessments within Clarkstown. By limiting the increase to one percent, it aims to stabilize property taxes for residents and businesses, potentially preventing sudden spikes in tax liabilities. This change may also affect the distribution of tax burdens among different classes of property, ensuring a more gradual adjustment process.

Sentiment

The general sentiment surrounding Bill S05220 appears to be neutral, as there have been no recorded votes or significant committee discussions available at this time. The lack of contention or strong opposition suggests that the bill may be seen as a practical measure to assist local governance in managing property tax assessments.

Contention

There are no notable points of contention reported regarding Bill S05220. The bill seems to have a straightforward purpose of extending existing provisions without introducing significant changes or new controversies, which may indicate broad support or at least a lack of opposition among stakeholders.