Budget & Taxes (Property Tax)

in committee · New York · Assembly Jan 7, 2026

A 7943: Provides for a real property tax exemption for property owned by certain limited liability companies

Provides for a real property tax exemption for property owned by single-member limited liability companies where such property serves as the primary residence of such member.

Topics ✗ Budget & TaxesOpposes Budget & TaxesProvides tax exemption for LLC primary residences, likely benefiting wealthy property owners and reducing state tax revenue.80% confidence

Sub-Topics Property Tax Tax Incentives

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signed · New York · Assembly Aug 22, 2025

A 5364: Limiting the shift between classes of taxable property in the town of Haverstraw, county of Rockland

This bill limits how much property tax class percentages can change annually in Haverstraw, Rockland County, for 2025-2026. It restricts any single property tax class from increasing its share of total taxes by more than 1% compared to the previous year, but only if Haverstraw passes a local law approving this cap. If calculations would exceed the 1% limit, the town must adjust class percentages so they still total 100%. The law is now effective after being signed by the governor on August 22, 2025.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill restricts annual tax class percentage changes by capping increases at 1%, limiting fiscal flexibility in property tax distribution.90% confidence

Sub-Topics Property Tax

in committee · New York · Senate Jun 12, 2025

S 5233: Limiting the shift between classes of taxable property in the town of Haverstraw, county of Rockland

This bill limits annual changes to property tax class assessments in Haverstraw, Rockland County, for 2025-2026. It prevents any single property class from having its tax base proportion increase by more than 1% from the previous year's adjusted rate, unless the town first passes a local law approving the change. The law applies only to Haverstraw's approved assessing unit and requires the town's legislative body to adjust class proportions if the 1% limit is triggered. This directly affects property owners in Haverstraw whose tax classifications might otherwise shift significantly year-to-year.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRestricts annual property tax class assessment shifts to 1%, limiting fiscal flexibility in tax base adjustments for Haverstraw. Directly restricts tax base changes per bill language.90% confidence

Sub-Topics Property Tax

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passed · New York · Assembly May 14, 2026

A 8013: Authorizes the county of Nassau assessor to accept an application for a real property tax exemption from Winners Chapel International New York

Bill A 8013 authorizes the Nassau County assessor to accept a late application for a real property tax exemption from Winners Chapel International New York. This applies to their property at 306 Fulton Ave. for the 2022, 2023, and 2024 tax assessment rolls. If the application is accepted and approved by the assessor and the Nassau County legislature, the organization could receive the exemption as if they had applied on time. The bill also permits the refund of any taxes already paid and the cancellation of outstanding taxes, fines, or penalties for those years.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill grants tax exemption to specific entity, reducing Nassau County tax revenue and weakening tax base.90% confidence

Sub-Topics Property Tax Tax Incentives

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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 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

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in committee · New York · Assembly Jan 7, 2026

A 4110: Provides for the application of the veterans' real property tax exemptions in the city of New York

This bill adjusts veterans' property tax exemption limits specifically for New York City (population over 1 million). It reduces maximum exemption amounts for qualifying veterans: from $7,500 to $2,000 for general military service exemptions, and from $8,000 to $3,200 for combat zone exemptions. The bill also lowers the cap for property purchased with veteran recognition funds from $5,000 to $2,000 in NYC. These changes directly affect veterans owning residential property in New York City who qualify for tax exemptions under state law.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill reduces veterans' property tax exemptions in NYC, increasing tax burden for qualifying veterans by lowering exemption caps from $7,500→$2,000 and $8,000→$3,200.95% confidence ✗ VeteransOpposes VeteransReduces veterans' property tax exemptions from $7,500/$8,000 to $2,000/$3,200, directly cutting benefits.95% confidence

Sub-Topics Property Tax Tax Incentives Memorials & Recognition Veteran Education

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in committee · New York · Assembly Jan 7, 2026

A 3804: Relates to establishing the broadband investment tax stabilization (BITS) act

Provides that all equipment used for the transmission and switching of radio signals for the provision of commercial mobile radio service or mobile internet access service no longer constitutes real property subject to the real property tax law.

Topics ✗ Budget & TaxesOpposes Budget & TaxesExempts broadband equipment from real property tax, reducing tax revenue and providing corporate tax break85% confidence ✓ TechnologySupports TechnologyTax exemption for broadband infrastructure equipment likely encourages investment in internet access, aligning with expanding access as a support indicator.85% confidence

Sub-Topics Property Tax Broadband Access

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in committee · New York · Assembly Feb 25, 2026

A 3853: Relates to property tax exemptions for nonprofit organizations

Relates to property tax exemptions for nonprofit organizations; allows for nonprofit organizations to file an application for an exemption with the assessor no later than the taxable status date applicable to the following year's assessment roll where such nonprofit organization has purchased property after the taxable status date but prior to the levy of taxes.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill creates property tax exemption for nonprofits, reducing state tax revenue (weakening tax base for budget management).90% confidence

Sub-Topics Property Tax

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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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