Budget & Taxes (Property Tax)

signed · New York · Senate Feb 14, 2025

S 782: 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, a form of tax relief aligning with support indicators for targeted tax relief.85% confidence

Sub-Topics Property Tax Tax Incentives

in committee · New York · Senate Jan 7, 2026

S 5673: Relates to real property subject to an authorization for a real property tax exemption

Relates to real property subject to an authorization for a real property tax exemption in the town of Smithtown, county of Suffolk, with respect to the 2019 and 2020 assessment rolls.

Topics ✗ Budget & TaxesOpposes Budget & TaxesAuthorizes property tax exemption, reducing municipal tax revenue and weakening local fiscal management for Smithtown.90% confidence

Sub-Topics Property Tax Tax Incentives

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signed · New York · Assembly Dec 5, 2025

A 3698: Relates to exemptions from real property taxes for senior citizens

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for seniors, reducing property tax burden for lower-income seniors per income eligibility criteria, aligning with tax relief indicators.90% confidence

Sub-Topics Property Tax Tax Incentives

in committee · New York · Senate May 27, 2025

S 4818: Relates to curb repair in the city of New York

This bill requires New York City to repair curbs to specified standards and sets a 90-day deadline for completing repairs after a homeowner request. It directly affects owners of one-, two-, or three-family homes who report curb issues via NYC 311 or the city website. If the city fails to repair within 90 days, homeowners can hire a licensed contractor and receive a property tax credit covering the reasonable repair costs. The law applies to curb repairs only, not other sidewalk or infrastructure work.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax credit for homeowner curb repairs, offering direct tax relief under fiscal management and aligning with tax relief indicators.95% confidence

Sub-Topics Property Tax Tax Credits

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signed · New York · Senate Feb 14, 2025

S 803: Authorizes a town with a population between 69,000 and 69,500 to enact a homestead exemption

This bill allows any town in New York with a 2020 census population between 69,000 and 69,500 to create a homestead exemption for real property taxes. It enables qualifying towns to offer an exemption similar to the existing STAR school tax relief program, capping the exemption at $50,000 in property value. Property owners must apply annually using a standard form, and the exemption applies only to eligible homes meeting the same criteria as STAR. This directly affects homeowners in qualifying towns by potentially reducing their local property tax burden.

Topics ✓ Budget & TaxesSupports Budget & TaxesEnables homestead tax exemption capping at $50k, providing property tax relief for homeowners similar to STAR program, directly advancing tax relief for residents.95% confidence ✓ EducationSupports EducationBill authorizes homestead exemption modeled after STAR school tax relief program, directly reducing school tax burdens on homeowners to support local school funding systems.95% confidence ✓ HousingSupports HousingProvides property tax relief for homeowners, reducing housing costs and supporting affordability through a homestead exemption similar to STAR program.95% confidence

Sub-Topics Property Tax Property Taxes

signed · New York · Assembly Jul 29, 2025

A 4391: Extends limitations on the shift between classes of taxable property in the town of Clarkstown, county of Rockland

This bill extends an existing property tax rule in Clarkstown, Rockland County, for one additional year. It limits how much the tax rate for specific property classes can change annually - capping increases at 1% compared to the previous year's rate. The rule applies to Clarkstown's tax assessments for the 2024-2025 and 2025-2026 tax years, continuing a policy already in place since 2017. This affects Clarkstown property owners whose tax classifications are adjusted under this cap. The change is procedural, maintaining current tax assessment limits without altering broader tax policy.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill extends property tax cap limiting annual increases to 1%, providing tax relief and promoting fiscal stability for Clarkstown property owners.90% confidence

Sub-Topics Property Tax

signed · New York · Senate Oct 16, 2025

S 8161: Authorizes Yeshivas Nachlas Sofrim to receive retroactive real property tax exempt status

This bill allows Yeshivas Nachlas Sofrim Inc. to apply for retroactive property tax exemption on its Ramapo, New York property (66 Highview Road) for 2022-2023 tax years. If approved by the town assessor and Ramapo Town Board, the organization can receive refunds for taxes paid on those years, including cancellation of related penalties or interest. The bill authorizes the town to treat the application as if filed on time, correcting past tax rolls. It directly affects only this specific religious institution and its property tax obligations for the 2022-2023 assessment period.

Topics ✗ Budget & TaxesOpposes Budget & TaxesGrants retroactive property tax exemption, reducing town revenue for a specific entity, weakening budgetary resources by defunding collected taxes.85% confidence

Sub-Topics Property Tax Tax Incentives

in committee · New York · Assembly Jan 7, 2026

A 2369: Provides real property tax relief to certain veterans

Provides real property tax relief to veterans who have at least ten years of service in the U.S. armed forces or in the organized militia of the state of New York.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax relief to veterans, reducing tax burden for a specific group, aligning with tax relief indicators for lower-income demographics.90% confidence ✓ VeteransSupports VeteransProvides direct tax relief to veterans with 10+ years service, expanding financial benefits and aligning with veteran support indicators.95% confidence

Sub-Topics Property Tax

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in committee · New York · Assembly Jan 7, 2026

A 669: Relates to imposing a commercial vacancy tax

Imposes a commercial vacancy tax on vacant or abandoned commercial storefronts located in a city with a population of one million or more of one percent of the assessed value of the property.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes new tax on vacant commercial properties, generating municipal revenue for budget management without defunding services.95% confidence

Sub-Topics Property Tax

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in committee · New York · Assembly Jan 7, 2026

A 2295: Extends eligibility for the agricultural property tax credit to farmers having a leasehold interest of not fewer than five years in qualified agricultural property

Extends eligibility for the agricultural property tax credit to farmers having a leasehold interest of not fewer than five continuous years in qualified agricultural property.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends agricultural tax credit eligibility, providing tax relief to qualifying farmers. Directly advances tax policy within Budget & Taxes topic.95% confidence

Sub-Topics Property Tax Tax Credits

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