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New YorkS 79802025-2026 Regular SessionSenateWALLET

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

Sponsored By: Andrew Gounardes (Democratic)

Became Law

CITIES 1WAYS AND MEANS

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Bill Overview

Analyzed Economic Effects

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

City homeowners: 2026 tax base capped at 5%

In cities that are special assessing units, any rise in each property class’s tax base share for fiscal year 2026 is capped at 5% over last year’s adjusted share. The local legislative body must set this by December 1, 2025. If 2026 property tax bills were sent before this law, the city revises the shares, resets rates, and sends amended bills. Any installment due before the amended bill is sent still follows the old law and must be paid. The city decides when to send amended bills and which installments they include.

Sponsors & Cosponsors

Sponsor

  • Andrew Gounardes

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 63 • No: 17

Senate vote • 6/11/2025

FLOOR Vote

Yes: 42 • No: 17

committee vote • 6/9/2025

Rules Committee Vote

Yes: 21 • No: 0

Actions Timeline

  1. SIGNED CHAP.487

    10/27/2025Senate

  2. DELIVERED TO GOVERNOR

    10/24/2025Senate

  3. RETURNED TO SENATE

    6/13/2025House

  4. PASSED ASSEMBLY

    6/13/2025House

  5. ORDERED TO THIRD READING RULES CAL.764

    6/13/2025House

  6. SUBSTITUTED FOR A8629

    6/13/2025House

  7. REFERRED TO WAYS AND MEANS

    6/11/2025House

  8. DELIVERED TO ASSEMBLY

    6/11/2025Senate

  9. PASSED SENATE

    6/11/2025Senate

  10. ORDERED TO THIRD READING CAL.1652

    6/9/2025Senate

  11. COMMITTEE DISCHARGED AND COMMITTED TO RULES

    6/9/2025Senate

  12. REFERRED TO CITIES 1

    5/15/2025Senate

Bill Text

  • Original

    5/15/2025

    PDF

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