Authorizes the town of Southampton, county of Suffolk, to enact a homestead exemption and cap on assessment increases for real property tax purposes
Summary
Authorizes the town of Southampton, county of Suffolk, to enact by local law a homestead exemption; provides that such exemption shall not exceed $50,000 in full assessed value; authorizes a cap on all annual assessment increases for residential property, not to exceed five percent.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2021
Committee Review
Floor Vote
Governor
Introduced Mar 25, 2021
Last action Jan 5, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
2
Jan 5, 2022
Committee
REFERRED TO LOCAL GOVERNMENT
upper
Mar 25, 2021
Committee
REFERRED TO LOCAL GOVERNMENT
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Tony Palumbo
RRepublican
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