A Local Law No. 2 of the Town of Hoosick for the year 2017, rescinding the provisions of § 1903 of the Real Property Tax Law of the State of New York.
[Adopted 12-11-2017 by L.L. No. 2-2017]
It is hereby determined by the Town Board at some point in time which has not been able to be identified from records at the Town or the County of Rensselaer, the Town of Hoosick adopted into § 1903 of the Real Property Tax Law of the State of New York, which adoption created a dual taxation line of "homestead" and "non-homestead" property on the tax bills generated to residents by the County of Rensselaer. Moreover, there is no difference in the tax rates levied on the tax bills between homestead and non-homestead property. The Town of Hoosick has determined that a dual system of calculating real property taxes based upon a homestead and non-homestead base proportion is no longer in the Town's best interests as it serves no purpose and is confusing to Town residents and should be eliminated due to the pending revaluation of taxable real property which is being conducted.
The dual system of calculating real property taxes based upon a homestead and non-homestead base proportion is hereby rescinded pursuant to New York State Real Property Tax Law § 1903, Subdivision 9.
This article shall take effect immediately upon filing with the New York State Secretary of State's office.