With local approval, Orangetown’s covered assessment area could limit annual increases in each property class’s share of the tax burden to 1%.
With local approval, a covered assessment area in Orangetown could cap increases in each property class’s tax share at 1% for listed years through 2026–2027.
Local officials could limit annual increases in each property class’s share of the property tax burden to 1%. The rule covers an approved local property-assessment area in Orangetown, Rockland County. Local officials must approve the limit through a local law, ordinance, or resolution. The limit compares each class’s share with its adjusted share for the previous year. Officials must adjust the shares so they total 100%. The act would take effect immediately upon becoming law and covers assessment rolls from 2018–2019 through 2026–2027.
No hearings or votes scheduled.