New YorkNew York state lands would face a phased tax schedule
If enacted, the bill would subject New York state lands to taxes for all purposes and phase in their taxable value over time.
What it does
State lands would be subject to taxes for all purposes, with their taxable value phased in over time. Untaxed land would start at 5% of assessed value; land already taxed would keep its current rate at first.
Argument forTaxing state lands could let local taxing bodies treat more property under the same broad tax rule.
Argument againstState agencies could face rising tax bills as the taxable share of state land increases each year.
More detail
The proposed section would make all state lands subject to taxes for all purposes and set a gradual schedule for their taxable value. The text covers all state lands, including land already subject to tax. For land not already taxed, the schedule would start in the first full taxable year beginning one year after the effective date of the 2026 law that amends this section. For land already taxed, its rate would rise by 5 percentage points each taxable year after that law takes effect, until it reaches 100% of assessed value.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Sep 23REFERRED TO RULESIntroduced
Taxes & Budget