Relates to the establishment of state equalization rates for the Farmingdale union free school district and the Amityville union free school districts

2025 Regular Session Introduced by Kwani O'Pharrow

Establishes state equalization rates for Farmingdale and Amityville UFSD to standardize property values for state aid and tax-base calculations, impacting residents and districts.

REFERRED TO REAL PROPERTY TAXATION

Summary: Assembly Bill A 8021 — Establishment of State Equalization Rates for Farmingdale UFSD and Amityville UFSD

Overview

Bill Number: A 8021 (Assembly)

Title: Relates to the establishment of state equalization rates for the Farmingdale Union Free School District and the Amityville Union Free School District

Status: Referred to the Committee on Real Property Taxation

Introduced: April 22, 2025

Sponsor: Kwani O'Pharrow (primary)

Related Senate companion: S 7751 (companion)

Purpose and intent

The bill seeks to establish state-determined equalization rates specifically for the Farmingdale Union Free School District (UFSD) and the Amityville UFSD. Equalization rates are used to convert local property assessments into state equalized values, which inform state aid calculations and the comparability of tax bases across districts. By establishing these rates for the two districts, the bill aims to standardize or adjust how property values are treated for state tax and aid purposes within those districts.

Key provisions (as described)

Designation or creation of state equalization rates applicable to:

Farmingdale UFSD
Amityville UFSD

Use of these rates in state-level calculations, most notably for state aid formulas and related tax-base determinations for the two districts.

The bill’s language would be enacted within the framework administered by the Real Property Taxation committee.

Note: The available information does not provide detailed provisions such as the exact rate figures, methodology, or transitional timelines. The description focuses on the bill’s stated aim to establish the rates for the two districts.

Affected parties and potential impact

Primary affected entities: Farmingdale UFSD and Amityville UFSD

Property owners and residents within these districts: May experience changes in how property values are used for state aid and tax calculations, potentially influencing the per-pupil state aid allocation and the relative weight of local property wealth in aid formulas.

Local governments and towns within or overlapping the districts: Could see adjustments in state aid apportionments tied to the districts’ statewide equalized values.

School district finances: Depending on the enacted rates, there could be shifts in state aid eligibility or calculation, affecting budget planning and net tax implications for residents.

Procedural timeline and next steps

Introduced and referred to the Real Property Taxation committee on April 22, 2025.

No additional committee actions or dates are provided in the information available.

The Senate companion is S 7751; tracking of movement for both the Assembly and Senate versions will determine next steps toward potential passage.

Additional context

The bill is narrowly targeted to two districts rather than establishing statewide rates.

As a Real Property Taxation bill, it would interact with existing state mechanisms for property valuation, tax bases, and aid calculations.

If you want, I can add a brief glossary of terms (e.g., equalization rate, state aid formulas) or compare this bill to typical practices regarding equalization rates in New York.