Budget & Taxes (Property Tax)

in committee · New York · Senate Jan 7, 2026

S 5832: Increases the income thresholds for eligibility for the senior citizen and disabled person property tax exemptions

Increases the income thresholds for eligibility for the senior citizen and disabled person property tax exemptions; applies to any local law, resolution or ordinance amended or adopted on and after the effective date of this act.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases income thresholds for property tax exemptions, providing tax relief to seniors/disabled persons by lowering their tax burden.95% confidence

Sub-Topics Property Tax

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in committee · New York · Senate Jan 7, 2026

S 380: Relates to exempting the costs of BOCES services and programs from the real property tax levy limit

This bill (S 380) exempts school districts' costs for purchasing regional education services (BOCES) from their local property tax levy limits. It directly affects school districts in New York that use BOCES programs, allowing them to spend on these services without counting those expenses toward their annual tax cap. The bill amends the Education Law to add BOCES service costs as a specific exemption category within the tax levy limit calculation. This change means districts can cover BOCES program expenses without needing to increase their overall tax rate to stay within the legal spending limit. The exemption applies to all school districts purchasing these regional educational services.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts BOCES costs from tax levy limits, allowing school districts to fund essential education services without increasing local property taxes, promoting fiscal responsibility for public education.90% confidence ✓ EducationSupports EducationExempts BOCES costs from tax levy limits, increasing school districts' flexibility to fund regional education services without hitting property tax caps.90% confidence

Sub-Topics Procurement Property Tax

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in committee · New York · Senate Jan 7, 2026

S 8057: Provides additional tax exemptions for two qualified veterans living in the same household

Bill S 8057 provides additional real property tax exemptions for homeowners where two or more qualified veterans live in the same household. It amends existing law to allow for these new exemptions, which are layered on top of current veteran tax benefits. For general qualified veterans, an additional exemption of up to 7.5% of the assessed property value, not exceeding $6,000, may apply. Combat veterans in multi-veteran households could receive an additional exemption of up to 5%, not exceeding $4,000. These additional exemptions must be adopted by local governing bodies through a local law, ordinance, or resolution after a public hearing.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides additional property tax exemptions for veterans, reducing tax burden and aligning with tax relief support indicators for eligible groups.95% confidence ✓ VeteransSupports VeteransAdds tax exemptions for multi-veteran households, expanding existing benefits beyond current veteran tax relief programs.95% confidence

Sub-Topics Property Tax Veteran Housing

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in committee · New York · Assembly Jan 7, 2026

A 5308: Prohibits exemptions for owners of vacant or unoccupied storefront properties

This bill prohibits tax exemptions for commercial storefront properties that have been vacant or unoccupied for at least two years. It directly affects owners of ground-floor commercial properties used for selling goods or services (like retail stores) who fail to maintain regular business activity. The key provision requires that such properties lose their tax exemption eligibility if they meet the defined terms of "vacant" (minimal objects) or "unoccupied" (no regular business presence). The law applies immediately to future tax assessments, removing tax breaks for long-vacant storefronts to encourage property use.

Topics ✓ Budget & TaxesSupports Budget & TaxesCloses tax loophole for vacant commercial properties, increasing state revenue by removing exemptions for unoccupied storefronts.90% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Jan 5, 2026

A 2130: Repeals the tax exempt status of private universities that receive real property tax exemptions of one hundred million dollars or more

Repeals the tax exempt status of private universities that received real property tax exemptions of one hundred million dollars or more during the prior fiscal year.

Topics ✓ Budget & TaxesSupports Budget & TaxesRepeals tax exemptions for universities with >$100M exemptions, closing a loophole to increase state revenue and promote fiscal responsibility.95% confidence

Sub-Topics Property Tax

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passed both · New York · Senate May 20, 2026

S 7335: Relates to enhanced eligibility requirements of STAR

This bill amends New York's STAR program to adjust how senior citizens' income is calculated for property tax exemption eligibility. It allows seniors who experience income decreases due to retirement or the death of a spouse to use their next year's income tax return (instead of the current year's) to determine eligibility for the enhanced exemption. To qualify, seniors must file their next year's tax return or provide income documentation to the local assessor by the tax deadline. This change directly affects seniors facing reduced income from retirement or bereavement, ensuring they maintain eligibility during the transition period.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief for seniors by allowing lower future income to qualify for property tax exemption, directly supporting tax relief for middle/lower income seniors.95% confidence

Sub-Topics Income Tax Property Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 5841: Relates to tax exemptions for properties in violation of zoning laws

S 5841 prohibits property tax exemptions for buildings or land used in violation of local zoning laws. This directly affects property owners who use their land for purposes not permitted by their municipality's zoning regulations, such as operating a business in a residential-only zone. The bill amends the real property tax law to explicitly deny tax exemptions when a property's use conflicts with applicable zoning rules. It takes effect immediately upon enactment and is currently pending in the Local Government committee.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill closes tax loophole by denying exemptions for zoning-violating properties, promoting fiscal responsibility and increasing tax revenue for compliant use.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 6251: Subjects certain state lands to real property taxation

This bill changes the tax status of certain state-owned lands used for reforestation in New York. It requires these lands to be taxed under real property tax law in all counties except Orange County, where the tax exemption remains. Previously, all such lands were exempt from county-level taxes; this bill removes that exemption for every county except Orange. The change takes effect immediately upon enactment.

Topics ✓ Budget & TaxesSupports Budget & TaxesRemoves tax exemption for state lands, increasing county tax revenue and strengthening fiscal management under real property tax law.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 6427: 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 & TaxesProvides tax exemption for seniors, a form of tax relief reducing school tax burden for qualifying residents.85% confidence

Sub-Topics Property Tax

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in committee · New York · Senate Jan 7, 2026

S 5850: Relates to the definition of income in relation to the enhanced STAR exemption

This bill updates New York's enhanced STAR property tax exemption program by including distributions from thrift savings plans (established before 1984) in the calculation of applicant income. It affects homeowners applying for the enhanced STAR credit, which provides property tax relief to seniors and disabled residents with low income. The key change expands the definition of "adjusted gross income" to exclude these specific retirement distributions from taxable income. Applicants who didn't file tax returns must now submit income statements showing what would have been reported, to complete their exemption applications.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax relief for seniors/disabled by excluding retirement distributions from income calculation, increasing eligibility for STAR exemption.90% confidence

Sub-Topics Property Tax Tax Incentives

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