State Sen. Monica Martinez announced on Wednesday, June 11, that the Senate has passed her proposed bill to require the state commissioner of taxation and finance to create special equalization rates to help fairly divide the school tax burden based on local property values on the Nassau-Suffolk border.
The bill would authorize local assessing jurisdictions in school districts that span multiple counties to challenge an equalization rate being applied to the other taxing jurisdiction. Martinez said these changes are intended to correct existing imbalances and help ensure that school taxes are distributed more fairly among property owners living in the same district but across county lines.
