Budget & Taxes (Property Tax)

signed · New York · Assembly Aug 7, 2025

A 8568: Relates to base proportions in Nassau and Suffolk counties

Bill A8568 limits annual increases in property tax base proportions for Nassau and Suffolk counties. For Nassau County, local approval is required to cap annual increases at 1% per year; Suffolk County gets a 2% cap for most years but a 1% cap specifically for the 2025-2026 tax year. If calculations would exceed these limits, local governments must adjust other tax classes to ensure total base proportions equal 100%. The law applies to tax levies based on the 2025 assessment rolls in these counties.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill caps property tax increases at 1-2% annually, restricting local tax hikes in Nassau/Suffolk counties, directly limiting tax growth.90% confidence

Sub-Topics Property Tax

in committee · New York · Assembly Jan 7, 2026

A 4704: Grants a $100,000 real property tax exemption to conservation clubs and rod and gun clubs owning certain land having an assessed value of $500,000 or less

Grants a $100,000 real property tax exemption to conservation clubs and rod and gun clubs owning land acquired prior to January 1, 2025, having an assessed value of $500,000 or less.

Topics ✓ Budget & TaxesSupports Budget & TaxesGrants tax exemption, reducing tax burden for qualifying clubs, aligning with tax relief indicator for Budget & Taxes.90% confidence ✓ EnvironmentSupports EnvironmentTax exemption directly supports conservation clubs' land preservation, aligning with environmental protection goals through financial incentives for land conservation.85% confidence

Sub-Topics Property Tax Tax Incentives Conservation

Track

died · New York · Assembly Jun 5, 2026

A 7884: Authorizes the town of Smithtown assessor to accept an application for a real property tax exemption from Tiegerman Community Services, Inc.

Authorizes the town of Smithtown assessor to accept an application for a real property tax exemption from Tiegerman Community Services, Inc. for the 2023-2024 assessment rolls.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes tax exemption for nonprofit property, reducing tax burden and supporting community services through fiscal relief.95% confidence

Sub-Topics Property Tax Tax Incentives

Track

in committee · New York · Assembly Jun 17, 2025

A 74: Establishes a real property tax exemption for veterans with a 100 percent service connected disability

This bill creates a property tax exemption for the primary residence of New York veterans with a 100% service-connected disability. To qualify, veterans must have an honorable discharge, a VA/DoD rating of 100% disability due to military service, or be rated individually unemployable due to service-related conditions. The exemption covers all real property taxes, special district charges, and assessments on their primary home. The law takes effect for tax assessments starting January 2, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for veterans with disabilities, reducing their property tax burden as targeted tax relief for lower-income group, aligning with fiscal support indicators.95% confidence ✓ VeteransSupports VeteransBill provides tax exemption for veterans with 100% service-connected disability, directly expanding financial benefits and reducing housing costs for eligible veterans.95% confidence

Sub-Topics Property Tax Tax Incentives Veteran Healthcare Veteran Housing

Track

in committee · New York · Assembly Jan 21, 2026

A 4569: Relates to authorizing the Silver Lake Foundation Inc. to receive retroactive real property tax exempt status

Authorizes the assessor of Richmond county to grant the Silver Lake Foundation Inc. retroactive real property tax exempt status upon an application therefor.

Topics ✗ Budget & TaxesOpposes Budget & TaxesGrants retroactive tax exemption to Silver Lake Foundation, reducing county tax revenue and weakening budget resources.90% confidence

Sub-Topics Property Tax

Track

in committee · New York · Senate Jan 7, 2026

S 414: Relates to assessments on class one dwellings

Provides that the cap on assessment increases for class one dwellings shall not apply to dwellings assessed at over three million dollars where the owners have a gross household income not exceeding $250,000.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts high-value homes from assessment caps for low-income owners, providing tax relief for middle-income households.90% confidence

Sub-Topics Property Tax

Track

in committee · New York · Senate Jan 7, 2026

S 3229: Allows the immediate family of a member of the armed forces killed in active duty to qualify for the alternate veterans exception

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax exemption for Gold Star families, providing tax relief to qualifying veterans' families through reduced local government tax revenue.90% confidence ✓ VeteransSupports VeteransExpands property tax exemption for Gold Star families, directly enhancing veteran-related benefits by including immediate family members in existing tax relief.95% confidence

Sub-Topics Property Tax Tax Incentives

Track

in committee · New York · Assembly Jan 7, 2026

A 4567: Permits a real property tax freeze to be granted to certain persons sixty-five years of age or older

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax freeze for seniors under $58k income, offering direct tax relief to lower-income seniors as a fiscal support measure.95% confidence

Sub-Topics Property Tax

Track

in committee · New York · Senate Jan 7, 2026

S 6473: Relates to pension income and tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief for seniors/disabled by including pension income and allowing tax deductions in property tax abatement calculation, reducing their tax burden.90% confidence ✓ HousingSupports HousingBill enables seniors/disabled tenants in rent-regulated housing to use pension/benefit income for tax abatement, reducing housing costs and strengthening tenant affordability protections in existing regulated units.95% confidence

Sub-Topics Pensions Property Tax Tax Incentives Property Taxes Renters

Track

signed · New York · Senate Aug 21, 2026

S 7762: 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.

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill authorizes a real property tax exemption, providing tax relief to Ministerios Sion, Inc. as a specific tax relief measure.90% confidence

Sub-Topics Property Tax Tax Incentives