Budget & Taxes (Property Tax)

in committee · New York · Senate Jan 7, 2026

S 4843: Authorizes payment of additional state aid for certain state-leased or state-owned lands

This bill authorizes annual state payments to cities in counties containing the W. Averell Harriman State Office Building Campus (specifically lots 53.00-1-2 and 53.00-1-9). It directs the state to pay cities 1.75% of the 2009 assessed value of these properties ($663,950,900 and $10,419,600) each year. Payments begin June 1, 2025, and continue for ten years, with the assessed values remaining fixed during this period unless the state sells part of the property. If a sale occurs, the payment amount adjusts based on the new assessed value after deducting the sale price. The funds must be used for city purposes only.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill authorizes annual state payments ($663M+ total) to cities for property use, creating a new budgetary appropriation that directly funds local governments through state budget outlays.92% confidence

Sub-Topics Property Tax

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in committee · New York · Assembly Jan 7, 2026

A 6058: Grants real property tax exemption to disabled veterans regardless of whether they served during a "period of war"

This bill expands property tax exemptions for disabled veterans by removing the requirement that they must have served during a "period of war." It directly affects veterans with a 60% or higher service-connected disability rating from the U.S. Department of Veterans Affairs, regardless of when they served. The key mechanism amends the legal definition of "veteran" to include these individuals without needing proof of wartime service. This change ensures eligible disabled veterans qualify for the tax break based solely on their disability rating and honorable service, effective for property tax assessments starting August 30, 2008.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax exemption for disabled veterans, providing direct tax relief. Removes service requirement, aligning with support indicators for tax relief targeting vulnerable groups.95% confidence ✓ VeteransSupports VeteransExpands tax exemption for disabled veterans by removing wartime service requirement, directly increasing access to benefits.95% confidence

Sub-Topics Property Tax Tax Incentives Veteran Benefits Veteran Education Veteran Housing

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in committee · New York · Assembly Jan 7, 2026

A 3828: Relates to the ability of a taxing jurisdiction to opt out of the exemption from taxation for certain energy systems

Provides that a taxing jurisdiction which has opted out of the exemption from taxation for certain energy systems may not offer the exemption for specific or single projects; requires that a jurisdiction which changes its status relating to the exemption must do so within 120 days prior to the taxable status date; provides that such change shall be valid for one year.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRestricts tax exemptions for energy projects, preventing jurisdictions from offering relief on specific initiatives and limiting local tax policy flexibility.95% confidence

Sub-Topics Property Tax

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in committee · New York · Assembly May 7, 2026

A 9036: Authorizes Godschild Outreach Ministries to receive retroactive real property tax exempt status

This bill authorizes Godschild Outreach Ministries, a religious nonprofit organization, to apply for retroactive real property tax exemption on specific parcels in Wyandanch, Babylon, Suffolk County (142 Irving Avenue). It allows the town assessor to accept their application for exemption from general and school taxes covering the 2019-2025 tax years, as if filed on time. If approved by the town board, the organization could receive refunds for taxes paid during those years, with corrections made to the tax rolls. The bill does not change existing tax law but provides a mechanism for this specific entity to seek retroactive relief.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill grants retroactive tax exemption, reducing town revenue for 2019-2025 by allowing refunds, weakening fiscal management.90% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 5460: Relates to the taxation of property owned by a cooperative corporation

This bill (S 5460) exempts certain cooperative corporation and condominium properties from specific real property tax rules if their municipality adopts a local law or school district resolution before the tax assessment date. It applies to properties not already subject to those tax rules before January 1, 2027, and excludes properties participating in affordable housing programs. The exemption requires municipal action prior to the tax assessment date but does not apply to properties already taxed under the rules before 2027 or those tied to affordable housing agreements. The changes take effect for tax assessments starting January 1, 2027.

Topics ✗ Budget & TaxesOpposes Budget & TaxesExempts non-affordable housing properties from real property tax, reducing tax revenue; excludes affordable housing, indicating tax break for higher-income properties.90% confidence

Sub-Topics Property Tax

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in committee · New York · Senate Jun 5, 2026

S 4828: Authorizes certain exemptions from school district real property taxes for volunteer firefighters

S 4828 creates a property tax exemption for volunteer firefighters in New York school districts. It allows enrolled volunteer firefighters (and their spouses) to exempt their primary residence from school district real property taxes, provided they live in the district served by their fire company, own the home as their primary residence, and have served at least five years (or 20+ years for lifetime exemption). The exemption value is capped at $12,000 multiplied by the state equalization rate for the area. School districts must adopt a local law after a public hearing to implement the exemption, and applicants must file with the school district assessor. The bill directly affects qualifying volunteer firefighters residing in the school district where they serve.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates property tax exemption for volunteer firefighters, reducing their tax burden as tax relief for middle-income residents.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 6271: Grants a total exemption from real property taxation for school tax purposes for certain persons seventy-five years of age or over

Grants a total exemption from real property school tax for property owned by a person seventy-five years of age or older, or owned by spouses or siblings if one such person is seventy-five years of age or over, provided the owner has no children in the school district and has resided in the district for 30 years or more.

Topics ✓ Budget & TaxesSupports Budget & TaxesGrants tax exemption for seniors, reducing property tax burden for eligible residents, aligning with tax relief support for lower-income seniors.90% confidence

Sub-Topics Property Tax

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in committee · New York · Assembly Jun 10, 2025

A 3729: Establishes a real property tax exemption for surviving spouses of police officers killed in the line of duty

Bill A 3729 would provide a 50% exemption from real property taxes on the primary residence of surviving spouses of police officers killed in the line of duty. Local governments would need to pass a law or resolution to implement this exemption, which applies to primary homes including certain cooperative housing arrangements. Eligibility requires proof the officer died while on duty, verified through documentation like death certificates or service records. This policy change directly affects surviving spouses of fallen officers by reducing their property tax burden.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for surviving spouses, reducing property tax burden per bill's 50% real property tax relief provision95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 7084: Provides for the application of the veterans' real property tax exemptions in the city of New York

This bill modifies New York State's veterans' property tax exemptions specifically for New York City (population over 1 million). It reduces the maximum annual tax exemption for veterans' primary residences from 15% (capped at $12,000) to 6% (capped at $4,800), and lowers the combat-zone service exemption from 10% (capped at $8,000) to 4% (capped at $3,200). It also cuts the exemption limit for property purchased using veterans' funds from $5,000 to $2,000. These changes apply only to New York City residents who qualify as veterans under state law. The bill does not create new exemptions but adjusts existing ones for the city's largest population center.

Topics ✗ Budget & TaxesOpposes Budget & TaxesReduces veterans' property tax exemptions, increasing tax burden and decreasing government spending on tax relief.95% confidence ✗ VeteransOpposes VeteransReduces veterans' property tax exemption caps from 15%/$12k to 6%/$4.8k and cuts other exemptions, directly weakening benefits.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 5480: Relates to tax lien foreclosure

Relates to tax lien foreclosure; establishes senior, disabled, and veteran homeowner real property tax assistance program; establishes installment plans for certain real property taxes.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes tax assistance program and installment plans for homeowners, providing relief to vulnerable groups like seniors and veterans.95% confidence ✓ HousingSupports HousingEstablishes tax assistance for seniors/disabled/veterans to prevent foreclosure, directly supporting housing stability for vulnerable homeowners.90% confidence ✓ VeteransSupports VeteransEstablishes veteran-specific property tax assistance program, providing direct financial support through tax relief for veterans' homeownership.95% confidence

Sub-Topics Property Tax Homeownership Mortgages Property Taxes

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