This means that the tax rate will not go up for New York City property tax but it's still the assessments will go up at 6% or 8% pending on your tax class.

---------- Forwarded message ---------
From: NY State Senate Bill Alerts <bill-alerts-do-not-reply@nysenate.gov>
Date: Fri, Oct 25, 2019, 4:40 PM
Subject: A8138 has been signed by Governor Andrew M. Cuomo [NYSenate.gov Bill Status Alerts] [A8138 - 2019]
To: ralph_yozzo_2 <cec16nyc@gmail.com>

A8138 has been signed by Governor Andrew M. Cuomo

Assembly Bill A8138

Relates to a cap on class share increases in certain cities

Sponsor:

WEPRIN

Recent Actions:

Jun 19, 2019 - RETURNED TO ASSEMBLY
Oct 25, 2019 - DELIVERED TO GOVERNOR
Oct 25, 2019 - SIGNED CHAP.415

Review A8138 on NYSenate.gov

What this Means:

The bill is now part of New York State Law and will go into effect on the date specified in the bill.

What Happens Next:

The new law will be added to the Laws of New York. It will be included in the annual periodical that contains the session laws (or "chapter laws") of the New York State Legislature. Laws of a general nature will be codified in the the Consolidated Laws of New York. Local laws will be included in the Unconsolidated Laws of New York.

What Can I Do?

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