Budget & Taxes (Property Tax)

in committee · New York · Assembly Jan 7, 2026

A 4539: Increases the amount of income property owners may earn for the purpose of eligibility for the property tax exemption for persons over sixty-five years of age

Increases the amount of income property owners may earn for the purpose of eligibility for the property tax exemption for persons over sixty-five years of age; increases such amount to $75,000.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases income threshold for property tax exemption for seniors, providing tax relief by expanding eligibility to higher-income seniors (up to $75k), aligning with tax relief indicators.95% confidence

Sub-Topics Property Tax Tax Incentives

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passed · New York · Senate Jun 3, 2026

S 6263: Requires out-of-state affordable housing owners to maintain an escrow account for affordable housing rental units located in New York state

Requires out-of-state affordable housing owners to maintain an escrow account for the purpose of financing utility costs, property tax obligations, fire services, and regular maintenance costs for affordable housing rental units located in New York state.

Topics ✓ Budget & TaxesSupports Budget & TaxesMandates escrow for property tax obligations, ensuring state revenue collection and fiscal responsibility for affordable housing maintenance costs.90% confidence ✓ HousingSupports HousingMandates escrow accounts for out-of-state affordable housing owners to cover maintenance, utilities, and taxes, preserving affordability and ensuring unit upkeep, directly supporting tenant protections and housing stability.95% confidence

Sub-Topics Property Tax Affordable Housing Property Taxes

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in committee · New York · Assembly May 29, 2025

A 6579: Establishes an active service exemption

Authorizes municipalities to offer a real property tax exemption for active military service members who at any time during the taxable year performed active duty in the armed forces in a combat zone; defines terms; makes related provisions.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for military members, a form of tax relief under property taxation policy95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Feb 5, 2025

A 2437: Relates to a tax exemption for enrolled members of a volunteer ocean rescue squad in certain municipalities

Provides eligibility for a property tax exemption for enrolled members of a volunteer ocean rescue squad in certain municipalities upon the adoption of a local law, ordinance or resolution.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides property tax exemption for volunteer rescue squad members, constituting tax relief that alignates with support indicators for tax relief.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate Jun 12, 2025

S 8409: Extends the effectiveness of certain sections of law relating to real property tax exemptions for real property owned by volunteer firefighters and volunteer ambulance workers

Extends the effectiveness of certain sections of law relating to real property tax exemptions for real property owned by volunteer firefighters and volunteer ambulance workers.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends real property tax exemptions for volunteer first responders, providing direct tax relief. Aligns with supporting middle/lower income tax relief policies.90% confidence

Sub-Topics Property Tax

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in committee · New York · Assembly Jan 7, 2026

A 3744: Relates to notification of a senior real property tax exemption

This bill requires local tax offices to send a second notice to seniors who previously qualified for a real property tax exemption if they haven't received the initial application. It mandates that a second notification be mailed 30 days before the tax deadline, only if the application hasn't been received. The notice must include the application form and clarify that submission is required to maintain the exemption. This directly affects seniors who already had the exemption but failed to resubmit their application, ensuring they receive a final reminder before the deadline.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill preserves tax exemption for seniors by requiring notification, maintaining existing tax relief for low-income seniors. This supports tax exemption policy without altering rates or funding.90% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 4210: Authorizes the local enactment of residency requirements for certain employees of police departments

Authorizes the enactment of local laws requiring residency in cities with a population of one million or more for members of the police force appointed to such positions; provides increased salaries for certain police officers who are residents of certain cities; provides additional credits on competitive exams for original appointment of police officers, tax credits, real property tax credits and student loan forgiveness based upon residency in certain cities.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credits, real property tax credits, and increased salaries for police residents, directly advancing tax policy and public spending through fiscal incentives.90% confidence

Sub-Topics Property Tax

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in committee · New York · Assembly Jan 7, 2026

A 5958: Relates to net revenue distributed by regional off-track betting corporations

Directs that any net revenue distributed to participating counties or cities by regional off-track betting corporations shall be used exclusively for real property tax relief.

Topics ✓ Budget & TaxesSupports Budget & TaxesDirects off-track betting revenue to property tax relief, providing tax relief for homeowners and aligning with fiscal responsibility indicators.95% confidence

Sub-Topics Property Tax

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in committee · New York · Assembly Jan 7, 2026

A 4778: Requires the state to reimburse municipalities for loss of real property tax revenue resulting from establishment of community residential facilities

Requires the state to reimburse municipalities for loss of real property tax revenue resulting from the establishment of community residential facilities for the disabled.

Topics ✓ Budget & TaxesSupports Budget & TaxesMandates state reimbursement for municipal property tax revenue loss, protecting local budgets from fiscal impact of state-mandated facilities.90% confidence ✓ HousingSupports HousingReimburses municipalities for tax loss from disabled housing facilities, enabling development and supporting affordable housing access for vulnerable populations.85% confidence

Sub-Topics Property Tax Revenue Property Taxes

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signed · New York · Assembly Oct 16, 2025

A 8601: Authorizes New Hour for Women and Children LI, Inc. to receive retroactive real property tax exempt status

Authorizes New Hour for Women and Children LI, Inc. to receive a real property tax exemption for the 2022-2023, 2023-2024 and 2024-2025 assessment rolls.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill grants tax exemption to nonprofit, providing tax relief for public service organization serving vulnerable populations.85% confidence

Sub-Topics Property Tax Tax Incentives