Assembly Task Force on School Finance and Real Property Taxation Sub-agency History Record.

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Assembly Task Force on School Finance and Real Property Taxation Sub-agency History Record.

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SNAC Resource ID: 6696086

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New York (State). Legislature. Assembly. Task Force on School Finance and Real Property Taxation

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In 1975, a State Court of Appeals decision (Hellerstein v. Assessor, Town of Islip, 37 NY 2d 1, 1975) declared illegal New York's system of classified property tax assessments. New York, as did most states, had a system that placed a larger share of property tax burden on businesses by assessing such property at a higher percentage of value than residential and agricultural property. The 1975 ruling mandated full value assessments on all property and many communities in the state be...