This bill (S 3229) expands a property tax exemption for veterans' families by allowing immediate family members (parents, spouses, children, or siblings) of service members killed in active duty during wartime to qualify for the "Gold Star Family" tax exemption. It requires local governments (counties, cities, towns, villages, or school districts) to adopt specific local laws to include these family members as "qualified owners" of their primary residence. The exemption applies only to the family member’s primary home, not other properties, and does not affect existing additional exemptions. This change directly impacts families who lost loved ones in military service, providing potential property tax relief for their main residence.
This bill allows cities with over one million residents to offer property tax freezes to eligible seniors. It permits owners aged 65+ (or spouses/siblings with one over 65) who live in qualifying homes (like single-family residences, condos, or farm dwellings) to freeze their current property taxes, provided their annual income is under $58,400. To qualify, applicants must submit annual applications, and the freeze creates a lien on the property that accrues without interest until paid off. The freeze automatically continues for surviving spouses over 62 and expires if the owner moves or fails to reapply.
S 6473 amends New York's real property tax law to allow senior citizens and people with disabilities living in rent-controlled or rent-regulated housing to use certain pension and benefit income for tax abatement calculations. The bill changes how income is calculated by permitting deductions for income taxes and social security taxes, and including retirement benefits, Social Security, and public assistance while excluding gifts, inheritances, and certain benefit increases. To qualify, tenants must have a pre-July 1, 2024, rent increase exemption order, and the new income calculation must result in a lower tax amount than the previous method. This directly affects eligible residents in regulated housing by potentially reducing their property tax burden based on revised income rules.
Authorizes the assessor of the town of Brookhaven, county of Suffolk, to accept an application for a real property tax exemption from Ministerios Sion, Inc. for all of the 2024 general taxes and all of the 2023-2024 school taxes.
Provides that the current real property tax exemption for persons over 65 may also be extended to those persons who are totally and permanently disabled; requires that municipalities shall provide by local law that such exemptions shall be granted to either those 65 years of age or older or to those who are totally and permanently disabled, or to both categories of persons.
Senate Bill S 5837 increases the state tax credit available to active volunteer firefighters and ambulance workers. Beginning January 1, 2027, the individual credit will rise from $200 to $1,200 for resident taxpayers who have served for the entire taxable year. For two qualifying spouses filing a joint return, the credit will be $2,400. This bill also removes the previous restriction that prevented volunteers from claiming this credit if they also received a real property tax exemption for their service. The credit is refundable if it exceeds the taxpayer's tax liability.
This bill raises the income limit for New York seniors to qualify for the enhanced STAR property tax exemption from its current level to $120,000. It applies to tax years beginning in 2024, meaning seniors with incomes up to $120,000 will now qualify for the exemption. The change directly affects seniors aged 65+ who own their primary residence and apply for the enhanced exemption. This increases the income threshold for eligibility, allowing more seniors to receive this property tax benefit.
Adjusts the school tax relief (STAR) exemption for homes located outside a city with a population greater than one million for the 2025--2026 school years and thereafter (Part A); relates to a real property tax freeze to reimburse qualifying homeowners for increases in local property taxes on their primary residences (Part B); provides for supplemental state assistance to be paid to cities, counties, towns and villages that are compliant with the property tax levy limits (Part C).
Authorizes state assistance to municipalities containing exempt privately owned forest lands; expands categories of lands eligible for certain property tax exemptions as forest lands; authorizes tax exemptions for certain conservation easement tracts; provides for violations of certain provisions relating to filing for tax exemptions of forest lands.
Repeals the provision of law that volunteer firefighters and ambulance workers who receive a real property tax exemption for service may not receive the income tax credit for such service.
