Authorizes municipalities to develop and implement a plan for local land value taxation

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Overview Bill text 3 Compare versions History 6 Sponsors

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.

Chamber: Senate
Introduced: Jan 8, 2025
Last action: Jan 27, 2026 — PRINT NUMBER 1131B
Session: 2025-2026
Momentum: 41 · Moderate

PASSAGE PROBABILITY

1% Unlikely

Why this number

Stage base Amended — base rate 13%, measured from NY's completed sessions
Momentum -2 41/100 from the pace of recorded action
Time since last action -22 266 days quiet

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