Budget & Taxes (Property Tax)

in committee · New York · Senate Jan 7, 2026

S 458: Relates to certain real property tax exemptions for fire districts, fire protection districts and ambulance districts

Eliminates the real property tax exemption for fire districts, fire protection districts and ambulance districts developed through industrial development agencies in certain counties.

Topics ✓ Budget & TaxesSupports Budget & TaxesEliminates tax exemptions for fire/ambulance districts, increasing state revenue by closing a tax loophole per bill summary.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 7479: Enacts the "homebuyer renovation property tax exemption act"

Enacts the "homebuyer renovation property tax exemption act" to grant an exemption of up to fifteen thousand dollars from taxation levied by or on behalf of any county, city, town, village or school district in which such residential property is located for a period of five years from the date of purchase of the property; defines "primary residential property".

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides $15k property tax exemption for homebuyers, reducing tax burden and aligning with tax relief support indicator for primary residences.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 288: 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 workers from claiming income tax credit, providing tax relief for eligible individuals.95% confidence

Sub-Topics Income Tax Property Tax Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 4652: Adjusts the school tax relief (STAR) exemption for homes located outside New York city (Part A); relates to a real property tax freeze (Part B); and relates to supplemental state assistance (Part C)

Adjusts the school tax relief (STAR) exemption for homes located outside a city with a population greater than one million for the 2025--2026 school years and thereafter (Part A); relates to a real property tax freeze to reimburse qualifying homeowners for increases in local property taxes on their primary residences (Part B); provides for supplemental state assistance to be paid to cities, counties, towns and villages that are compliant with the property tax levy limits (Part C).

Topics ✓ Budget & TaxesSupports Budget & TaxesAdjusts STAR exemption for non-NYC homes, implements property tax freeze with reimbursement, and provides supplemental aid to compliant localities - direct tax relief and fiscal management support.95% confidence

Sub-Topics Property Tax

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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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