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S7000A
S.7000-A is the name given to the current dominant property tax law in effect in New York State affecting New York City. Surrounding areas such as Nassau County, New York, Nassau County have similar laws. The bill was enacted in 1981 in response to the Hellerstein decision (Hellerstein v. Assessor of Islip, 37 N.Y.2d 1 (1975)). The law is embodied in Article 18 of the New York State Real Property Law. This is th2022 link for revenue and expense interactive chartfor the current summary of New York City Revenue and Expenses. The spreadsheet fo2022 informationis availablhere2022 link for interactive tax growth chart
The most significant portions of the law are the creation of tax classes, the limitation on assessmen ...
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New York City Tax Growth
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