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S 7822

Relates to payments in lieu of taxes for property acquired for park or recreational purposes by the town of Hempstead

2025 Regular Session Introduced by Patricia Canzoneri-Fitzpatrick

S 7822 - Payments in Lieu of Taxes for Park Acquisitions in Hempstead OverviewBill Number: S 7822 Title: Relates to payments in lieu of taxes for property acquired for park or rec

SIGNED CHAP.178
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Bill Summary · S 7822

S 7822 - Payments in Lieu of Taxes for Park Acquisitions in Hempstead

Overview

Bill Number: S 7822
Title: Relates to payments in lieu of taxes for property acquired for park or recreational purposes by the town of Hempstead
Status: SIGNED CHAP.178
Introduced: May 09, 2025

Purpose and Intent

This bill aims to establish a framework for the town of Hempstead to make payments in lieu of taxes (PILOTs) for properties acquired for park or recreational purposes. The intent is to provide financial compensation to local taxing jurisdictions that lose property tax revenue when the town acquires land for public parks and open spaces.

Key Provisions

  • Requires the town of Hempstead to make annual PILOT payments to affected taxing jurisdictions (e.g. school districts, counties, etc.) for any property acquired for park or recreational use.
  • Specifies that PILOT payments will be equal to the property taxes that would have been owed if the land was still privately owned.
  • Allows the town to negotiate PILOT agreements with each affected jurisdiction, taking into account factors like the value of the acquired land and the impact on the jurisdiction's budget.
  • Mandates that PILOT payments be made for as long as the town owns the property for park/recreation purposes.
  • Provides a process for affected jurisdictions to challenge the town's PILOT calculations if they believe the payments are insufficient.

Affected Parties and Impacts

  • The town of Hempstead will be required to budget for and make annual PILOT payments to offset the loss of property tax revenue from acquired park lands.
  • Local taxing jurisdictions, such as school districts and counties, will receive PILOT payments to compensate for the reduced property tax base due to the town's park acquisitions.
  • Residents and taxpayers in these jurisdictions may see impacts on tax rates or public services depending on how the PILOT revenue is utilized.
  • Private landowners may be affected if the town acquires their property for parks, though the PILOT system is intended to mitigate the fiscal impact.

Procedural and Timeline Considerations

This bill was signed into law on June 15, 2025, and will take effect immediately. The town of Hempstead must begin negotiating and making PILOT payments starting in the 2026 fiscal year for any park properties acquired after the effective date. The law does not apply retroactively to properties already owned by the town for park purposes.

Compiled from official sources — confirm details with the bill’s official record.

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