Budget & Taxes

signed · New York · Senate Oct 27, 2025

S 7980: Relates to the determination of adjusted base proportions in special assessing units which are cities

This bill sets a 5% maximum annual increase for property tax base proportions in cities for fiscal year 2026. It directly affects cities calculating property taxes, requiring their local legislative bodies to set the exact increase (up to 5%) by December 1, 2025. If cities issued tax bills before the law took effect, they must revise those bills and reissue them with updated rates, but taxpayers remain responsible for payments due before the revision. The bill ensures cities can adjust tax calculations within this cap while maintaining prior payment obligations for existing bills.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill imposes 5% cap on annual property tax base increases, restricting cities' ability to raise taxes beyond this limit.95% confidence | Rep's Stance ✓ Voted Yes ✗ Opposes Budget & Taxes

signed · New York · Senate Oct 16, 2025

S 8161: Authorizes Yeshivas Nachlas Sofrim to receive retroactive real property tax exempt status

This bill allows Yeshivas Nachlas Sofrim Inc. to apply for retroactive property tax exemption on its Ramapo, New York property (66 Highview Road) for 2022-2023 tax years. If approved by the town assessor and Ramapo Town Board, the organization can receive refunds for taxes paid on those years, including cancellation of related penalties or interest. The bill authorizes the town to treat the application as if filed on time, correcting past tax rolls. It directly affects only this specific religious institution and its property tax obligations for the 2022-2023 assessment period.

Topics ✗ Budget & TaxesOpposes Budget & TaxesGrants retroactive property tax exemption, reducing town revenue for a specific entity, weakening budgetary resources by defunding collected taxes.85% confidence | Rep's Stance ✓ Voted Yes ✗ Opposes Budget & Taxes

signed · New York · Assembly Aug 22, 2025

A 5364: Limiting the shift between classes of taxable property in the town of Haverstraw, county of Rockland

This bill limits how much property tax class percentages can change annually in Haverstraw, Rockland County, for 2025-2026. It restricts any single property tax class from increasing its share of total taxes by more than 1% compared to the previous year, but only if Haverstraw passes a local law approving this cap. If calculations would exceed the 1% limit, the town must adjust class percentages so they still total 100%. The law is now effective after being signed by the governor on August 22, 2025.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill restricts annual tax class percentage changes by capping increases at 1%, limiting fiscal flexibility in property tax distribution.90% confidence | Rep's Stance ✓ Voted Yes ✗ Opposes Budget & Taxes

signed · New York · Assembly Aug 7, 2025

A 8568: Relates to base proportions in Nassau and Suffolk counties

Bill A8568 limits annual increases in property tax base proportions for Nassau and Suffolk counties. For Nassau County, local approval is required to cap annual increases at 1% per year; Suffolk County gets a 2% cap for most years but a 1% cap specifically for the 2025-2026 tax year. If calculations would exceed these limits, local governments must adjust other tax classes to ensure total base proportions equal 100%. The law applies to tax levies based on the 2025 assessment rolls in these counties.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill caps property tax increases at 1-2% annually, restricting local tax hikes in Nassau/Suffolk counties, directly limiting tax growth.90% confidence | Rep's Stance ✓ Voted Yes ✗ Opposes Budget & Taxes

in committee · New York · Senate Jun 12, 2025

S 5233: Limiting the shift between classes of taxable property in the town of Haverstraw, county of Rockland

This bill limits annual changes to property tax class assessments in Haverstraw, Rockland County, for 2025-2026. It prevents any single property class from having its tax base proportion increase by more than 1% from the previous year's adjusted rate, unless the town first passes a local law approving the change. The law applies only to Haverstraw's approved assessing unit and requires the town's legislative body to adjust class proportions if the 1% limit is triggered. This directly affects property owners in Haverstraw whose tax classifications might otherwise shift significantly year-to-year.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRestricts annual property tax class assessment shifts to 1%, limiting fiscal flexibility in tax base adjustments for Haverstraw. Directly restricts tax base changes per bill language.90% confidence | Rep's Stance ✓ Voted Yes ✗ Opposes Budget & Taxes

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in committee · New York · Senate Jun 10, 2025

S 7780: Relates to the tax exemption of a mutual redevelopment company

S 7780 would allow cities with a population of over one million to grant mutual redevelopment companies an additional 50 years of tax exemption, following the initial maximum period. The exemption requires that the company pays at least 5% of annual rent (minus utilities) for residential units or the taxes paid during 2000-2001, whichever is lower. This applies only to companies already operating under the existing tax exemption framework in large cities.

Topics ✗ Budget & TaxesOpposes Budget & TaxesExtends tax exemptions for redevelopment companies, reducing government tax revenue and weakening fiscal management through prolonged tax breaks.95% confidence ✓ HousingSupports HousingExtends tax exemptions for redevelopment companies with 5% rent payment requirement, incentivizing affordable housing development under existing framework.85% confidence | Rep's Stance ✓ Voted Yes ✗ Opposes Budget & Taxes

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in committee · New York · Senate Jun 9, 2025

S 8297: Relates to base proportions in Nassau and Suffolk counties

S 8297 limits annual increases in property tax base proportions for Nassau and Suffolk counties to prevent sudden tax hikes. For Nassau County, the increase for any tax class cannot exceed 1% annually, but only if local officials pass a specific law approving this cap. Suffolk County has a 2% annual cap for most years, but must use a 1% cap for the 2025-2026 tax period. If calculations would exceed these limits, county legislatures must adjust other tax classes to ensure the total base proportions remain at 100%.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill explicitly caps annual property tax increases (1-2%) to prevent sudden hikes, directly restricting tax growth in two counties.95% confidence | Rep's Stance ✓ Voted Yes ✗ Opposes Budget & Taxes

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