Relates to exemptions from real property taxes for senior citizens
Summary
Authorizes localities to provide for an additional real property tax exemption for senior citizens who meet the income eligibility limits and other criteria to the extent of sixty-five percent of the assessed valuation of such real property.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2025
Committee Review
Jun 2025
Assembly Passage
Jun 2025
Senate Passage
Jun 2025
Signed into Law
Dec 2025
Introduced Jan 30, 2025
Signed Dec 5, 2025
Maddy AI version diff · 1 comparison
What changed between versions
A3698
→
A3698A
·
3 edits
MINOR
This bill amendment adds a new income bracket for senior citizen real property tax exemptions and extends the effective date of the law from January 1, 2025 to January 1, 2026. The change creates a tiered exemption system where seniors with annual income between $2,000 and $3,000 above the median now receive a 60% tax exemption, while those earning less than $2,000 above the median receive a 55% exemption.
Scope change
The bill's scope was expanded to include a new income bracket for senior citizens, creating a more granular tiered exemption system based on income levels relative to the median.
ELIGIBILITY
Added a new income bracket for seniors earning between $2,000 and $3,000 above the median income, qualifying them for a 60% real property tax exemption.
Adjusted the exemption percentages for lower income brackets, changing the 55% exemption threshold from income below $2,000 above median to income below $1,000 above median.
TIMELINE
Extended the effective date of the tax exemption from January 1, 2025 to January 1, 2026, delaying when the new provisions apply.
Floor votes · Senate Jun 11, 2025 · Assembly Jun 6, 2025
How they voted
59–0
Passed · 4 other
Total votes 63
Jun 11, 2025
D
Democratic41
92% Yea
R
Republican22
95% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
17
Key actions
5
Committee
4
Amendments
2
Dec 5, 2025
Signed into law
SIGNED CHAP.581
lower
Jun 11, 2025
Upper · Passed
PASSED SENATE
upper
Jun 6, 2025
Committee
REFERRED TO RULES
upper
Jun 6, 2025
Lower · Passed
PASSED ASSEMBLY
lower
Jun 4, 2025
Committee
REPORTED REFERRED TO RULES
lower
Apr 2, 2025
Committee
REPORTED REFERRED TO WAYS AND MEANS
lower
Mar 27, 2025
Lower · Passed
PRINT NUMBER 3698A
lower
Mar 27, 2025
Lower · Passed
AMEND AND RECOMMIT TO REAL PROPERTY TAXATION
lower
Jan 30, 2025
Committee
REFERRED TO REAL PROPERTY TAXATION
lower
1 primary · 7 co-sponsors
Sponsors
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