Budget & Taxes (Property Tax)

in committee · New York · Senate Jan 7, 2026

S 6804: Relates to imposing a commercial vacancy tax

Imposes a commercial vacancy tax on vacant or abandoned commercial storefronts located in a city with a population of one million or more of one percent of the assessed value of the property.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes new tax revenue source on vacant commercial properties, directly increasing state budget revenue without specified exemptions.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 3852: Relates to the tax exemption of capital improvements to residential buildings

This bill increases the maximum tax exemption for capital improvements (like renovations or additions) to residential buildings from $80,000 to $168,000 in most areas. It directly affects homeowners who make significant upgrades to their properties, allowing them to exclude more of the increased property value from real estate taxes. The exemption limit remains at $750,000 for non-city special assessing units. The change applies to improvements made after the bill takes effect, raising the cap without altering how the exemption amount is calculated.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax exemption cap for residential renovations, providing direct tax relief to homeowners by excluding more property value from real estate taxes.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly May 20, 2026

A 6032: Relates to enhanced eligibility requirements of STAR

This bill changes New York's STAR property tax relief program for seniors. It allows seniors whose income decreases due to retirement or the death of a spouse to use their *next* year's income (instead of their current year's income) when determining eligibility for the enhanced STAR exemption. To qualify, seniors must file their income tax return for that later year (or provide other income documentation) with the local assessor by the tax deadline. This adjustment helps seniors who experience a temporary income drop after retirement maintain their property tax relief without immediate loss of benefits.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax relief eligibility for seniors by allowing next year's income calculation, reducing tax burden on lower-income seniors through enhanced STAR program.95% confidence ✓ HousingSupports HousingBill adjusts STAR tax relief eligibility for seniors, reducing property tax burden and increasing housing affordability for senior homeowners through income flexibility.65% confidence

Sub-Topics Income Tax Property Tax Property Taxes

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in committee · New York · Assembly Jan 7, 2026

A 7061: Establishes the temporary state commission on New York city property tax reform

Establishes the 13 member temporary state commission on New York city property tax reform to propose property tax reform for the city of New York that promotes fairness, clarity, and simplicity; that eliminates structural inequality and taxes similar properties similarly; that encourages the development and preservation of affordable and multifamily housing; that includes owner relief programs and an approach to transition that insures low- and moderate-income owners have affordable tax bills and that primary residents are not displaced from their homes; and that does not diminish revenue for the city of New York.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes commission to reform NYC property tax for fairness, eliminates inequality, and provides relief to low/moderate-income owners. This aligns with tax relief and equitable tax system support.95% confidence ✓ HousingSupports HousingBill explicitly aims to promote affordable housing development through tax reform and owner relief for low-income residents, directly addressing housing affordability goals.95% confidence

Sub-Topics Property Tax Property Development Property Taxes

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signed · New York · Senate Aug 21, 2026

S 8263: Authorizes the Congregation Khal Mevakshei Hashem, Inc. to receive retroactive real property tax exempt status

Authorizes the Congregation Khal Mevakshei Hashem, Inc. to receive retroactive real property tax exempt status for the 2024 assessment roll and all of the 2023-2024 school taxes.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill grants retroactive tax exemption for specific entity, reducing state revenue and weakening budget revenue collection.90% confidence

Sub-Topics Property Tax

in committee · New York · Assembly Jan 7, 2026

A 8806: Relates to a rebate against real property taxes for certain owners of real property in the city of New York

Relates to a rebate against real property taxes for certain owners of real property in the city of New York for the fiscal year commencing July 1, 2024.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax rebate reducing real property tax burden for certain NYC owners, aligning with tax relief support indicators.90% confidence

Sub-Topics Property Tax

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passed · New York · Senate Jun 3, 2026

S 6019: Relates to the volunteer firefighters' and ambulance workers' credit; repealer

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesRepeals restriction preventing volunteer firefighters/ambulance workers from receiving income tax credit, providing tax relief for lower-income public service workers.92% confidence

Sub-Topics Income Tax Property Tax Tax Credits

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in committee · New York · Assembly Jan 7, 2026

A 7077: Allows localities to exclude disability pension in determining eligibility level for partial exemption from real property tax

Allows localities the option to exclude income from any disability pension or benefit in computation of income for purposes of determining eligibility for the partial real property tax exemption granted to persons 65 years of age or over.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes disability pensions from income calculation for property tax exemption, providing tax relief to seniors on fixed incomes.95% confidence

Sub-Topics Pensions Property Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 1053: 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 & TaxesBill closes tax loophole for private universities with excessive exemptions, increasing state revenue and aligning with fiscal responsibility indicators.92% confidence

Sub-Topics Property Tax

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in committee · New York · Senate Jan 7, 2026

S 6459: Provides a rent increase exemption to persons with disabilities

This bill modifies New York's real property tax law to provide tax abatements (reductions in property tax bills) for households where the head of household has a disability. It sets specific income limits: households with disability-related benefits like SSI or SSDI must have combined income under $29,000, while others face a $50,000 threshold, all based on federal disability benefit guidelines. Municipalities can maintain existing local tax abatement rules without new public hearings. The policy directly affects low-to-moderate-income disabled residents and their households seeking property tax relief.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax abatements (reductions) for disability households with income limits, directly offering tax relief to lower-income groups per Budget & Taxes indicators.95% confidence ✓ HousingSupports HousingProvides tax abatements for disabled households with income limits, reducing housing costs for low-income disabled residents, advancing affordable housing access.95% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes Renters

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