New York A 3339: Directs the department of taxation and finance to establish a pilot program for implementation of local land value taxation

Bill Text

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A03339 Summary:

BILL NOA03339B

&nbsp

SAME ASSAME AS S01131-B

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SPONSORBores

&nbsp

COSPNSRSimone, Shrestha, Epstein

&nbsp

MLTSPNSR

&nbsp

&nbsp

Authorizes municipalities to develop and implement a plan for local land value taxation based on classes of land; allows real estate to be classified as land or land exclusive of buildings and buildings on land.

Go to top A03339 Actions:

BILL NOA03339B

&nbsp

01/27/2025referred to real property taxation

03/28/2025amend and recommit to real property taxation

03/28/2025print number 3339a

01/07/2026referred to real property taxation

01/21/2026amend (t) and recommit to real property taxation

01/21/2026print number 3339b

Go to topA03339 Committee&nbspVotes:

Go to topA03339 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA03339 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3339--B

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 27, 2025
 ___________

 Introduced by M. of A. BORES, SIMONE, SHRESTHA -- read once and referred
 to the Committee on Real Property Taxation -- committee discharged,
 bill amended, ordered reprinted as amended and recommitted to said
 committee -- recommitted to the Committee on Real Property Taxation in
 accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill
 amended, ordered reprinted as amended and recommitted to said commit-
 tee

 AN ACT authorizing municipalities to develop and implement a plan for
 local land value taxation

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. 1. A city, village, or town, provided that the governing
 2 body of such city, village, or town, after a public hearing, adopts a
 3 local law, ordinance or resolution providing therefor, or in the case of
 4 a city with a population of one million or more, the local legislative
 5 body, after public hearings, adopts a resolution or enacts a local law
 6 providing therefor may develop and implement a plan for land value taxa-
 7 tion that (a) classifies real estate included in such municipality's
 8 assessment roll as (i) land or land exclusive of buildings, or (ii)
 9 buildings on land; and (b) establishes a different local property tax
 10 rate for each such class, provided the higher local property tax rate
 11 shall apply to land or land exclusive of buildings.
 12 2. A local law adopted pursuant to subdivision one of this section may
 13 apply land value taxation to all taxable property or only within one or
 14 more existing property tax classes, homestead or non-homestead classes,
 15 or other categories of property authorized under state law, and may
 16 establish separate uniform rates for land and improvements within each
 17 such class or category.
 18 3. Any land value taxation plan adopted pursuant to this act shall be
 19 implemented in a manner that maintains revenue neutrality for each
 20 municipal corporation on whose behalf taxes are levied, such that the

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD03468-08-6

 A. 3339--B 2

 1 total levy for each levying body remains unchanged as otherwise deter-
 2 mined under applicable law.
 3 4. A local law adopted pursuant to subdivision one of this section may
 4 designate a specific neighborhood or area within such city, village, or
 5 town that has adopted such local law that would be subject to such a
 6 plan for land value taxation. All exemptions shall be calculated in the
 7 same manner and amount as under a non-land-value taxation plan, and the
 8 resulting exempt value may be applied first to improvements and, if any
 9 amount remains, then to land.
 10 § 2. This act shall take effect immediately.

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