Bill
A 3339
Bill A 3339 establishes a pilot program in New York to test land value taxation, shifting tax burdens to land value, promoting efficient use, and potentially lowering housing costs.
Bill Number: A 3339
Title: Directs the Department of Taxation and Finance to Establish a Pilot Program for Implementation of Local Land Value Taxation
Status: PRINT NUMBER 3339A
Introduced: January 27, 2025
Classification: Bill
Bill A 3339 aims to explore the feasibility and implementation of a local land value taxation system within New York State. The primary intent is to shift the tax burden from improvements on properties (such as buildings and renovations) to the value of the land itself. This approach is intended to encourage more efficient land use, promote development, and potentially reduce housing costs.
Pilot Program Establishment: The bill mandates the Department of Taxation and Finance to create a pilot program that will test the implementation of land value taxation in selected municipalities.
Assessment Criteria: The program will involve assessing land values separately from property improvements, allowing local governments to levy taxes based on the value of the land alone.
Evaluation Metrics: The pilot program will include metrics for evaluating the economic and social impacts of land value taxation, including effects on housing affordability, urban development, and local revenue generation.
Duration and Reporting: The bill specifies a timeline for the pilot program, requiring periodic reports to the legislature on its findings and recommendations for broader implementation.
Local Governments: Municipalities participating in the pilot program will be directly impacted as they will need to adapt their tax assessment processes and potentially their budgeting strategies.
Property Owners: Landowners in the pilot areas may experience changes in their tax obligations, particularly if land values are significantly different from current property assessments.
Developers and Investors: The bill could influence real estate development patterns, as a shift in taxation could incentivize or disincentivize certain types of development.
January 27, 2025: Bill A 3339 was introduced and referred to the Committee on Real Property Taxation.
March 28, 2025: The bill was amended and recommitted to the Committee on Real Property Taxation, resulting in the updated print number 3339A.
A 9673: A prior-session bill that may have addressed similar issues regarding land taxation.
S 1131: A companion bill in the Senate that aligns with the objectives of A 3339, indicating bipartisan interest in exploring land value taxation.
Bill A 3339 represents a significant step towards innovative tax reform in New York State, focusing on land value taxation as a means to enhance economic efficiency and promote equitable development. The outcomes of the proposed pilot program could have lasting implications for local tax structures and urban planning strategies across the state.
Compiled from official sources — confirm details with the bill’s official record.
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