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New YorkA 112342025-2026 Regular SessionHouseWALLET

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

Sponsored By: David Weprin (Democratic)

Signed by Governor

REAL PROPERTY TAXATIONWAYS AND MEANSRULES

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

City property tax cap and amended bills

For city special assessing units in fiscal year 2027, the city must set each class’s increase in its tax share. The increase cannot be more than 5%. The city must make this decision by December 1, 2026. If FY2027 tax bills went out before this law, the city revises the proportions, resets rates, and sends amended bills. Any payment that was due before the amended bill is sent still counts under the old bill. Your final bill may go up or down after the revision, but the 5% cap limits how fast a class’s share can rise.

Sponsors & Cosponsors

Sponsor

  • David Weprin

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 187 • No: 1

Senate vote • 6/4/2026

FLOOR Vote

Yes: 60 • No: 0

House vote • 5/29/2026

Assembly floor vote

Yes: 127 • No: 1

Actions Timeline

  1. SIGNED CHAP.302

    9/25/2026House

  2. DELIVERED TO GOVERNOR

    9/22/2026House

  3. RETURNED TO ASSEMBLY

    6/4/2026Senate

  4. PASSED SENATE

    6/4/2026Senate

  5. 3RD READING CAL.1433

    6/4/2026Senate

  6. SUBSTITUTED FOR S10273

    6/4/2026Senate

  7. REFERRED TO RULES

    5/29/2026Senate

  8. DELIVERED TO SENATE

    5/29/2026House

  9. PASSED ASSEMBLY

    5/29/2026House

  10. ORDERED TO THIRD READING RULES CAL.248

    5/28/2026House

  11. RULES REPORT CAL.248

    5/28/2026House

  12. REPORTED

    5/28/2026House

  13. REPORTED REFERRED TO RULES

    5/28/2026House

  14. REPORTED REFERRED TO WAYS AND MEANS

    5/19/2026House

  15. REFERRED TO REAL PROPERTY TAXATION

    5/1/2026House

Bill Text

  • Original

    5/1/2026

    PDF

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