Budget & Taxes (Property Tax)

in committee · New York · Senate Jan 7, 2026

S 7845: Establishes broadband opportunity areas

Provides for real property tax exemptions for last mile broadband infrastructure constructed, altered, installed or improved in an area designated a broadband opportunity area.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides real property tax exemptions for broadband infrastructure, a form of tax relief to incentivize development and expand broadband access.90% confidence ✓ TechnologySupports TechnologyProvides tax exemptions for broadband infrastructure in designated areas, directly expanding internet access and digital equity.95% confidence

Sub-Topics Property Tax Sales Tax Tax Incentives Broadband Access Telecommunications

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in committee · New York · Assembly Jan 7, 2026

A 1520: Discontinues certain real property tax exemptions for real property used for major league sports teams

Discontinues the real property tax exemption for certain real property that is used for home games for certain professional sports teams in New York city beginning with the 2026 assessment roll.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill closes tax exemption for sports teams, increasing state revenue by ending a loophole, aligning with fiscal responsibility.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 5060: Provides for a partial real property tax exemption for the water filtration plant for the City of Newburgh, Orange County, New York

This bill provides a partial tax exemption for the City of Newburgh's water filtration plant in Orange County, specifically covering the increased property taxes caused by the construction of a granular activated carbon (GAC) treatment system. The exemption applies to taxes owed to the town of New Windsor, the Newburgh Enlarged City School District, and the Cornwall Central School District, offsetting the $250,000+ tax increase after the GAC system was built to remove PFAS contaminants from the water supply. To qualify, the city must withdraw ongoing tax court cases related to the reassessment. The exemption covers only the tax rise directly tied to the GAC system, not the plant's base value.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for public infrastructure, reducing municipal tax burden for essential water treatment project, aligning with fiscal responsibility and public service funding.95% confidence ✓ EnvironmentSupports EnvironmentBill provides tax exemption for PFAS-removing GAC water filtration plant, directly addressing pollution control and environmental protection of water resources.90% confidence ✓ HealthcareSupports HealthcareBill enables PFAS removal via water filtration plant, directly supporting public health program by addressing contaminant risks in drinking water.85% confidence

Sub-Topics Property Tax Tax Incentives Drinking Water

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in committee · New York · Assembly Jan 7, 2026

A 7441: Authorizes the abatement of municipal and school real property taxes in certain cases of catastrophic loss and establishes procedures therefor

Authorizes the abatement of real property taxes in certain cases of catastrophic loss; establishes procedures therefor; limits eligibility to one, two, or three family houses; applies to all municipal and school taxes.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes tax abatement for disaster victims, reducing property tax burden on affected homeowners, aligning with tax relief indicators.95% confidence ✗ EducationOpposes EducationBill reduces school tax revenue through abatement for catastrophic loss, defunding schools in affected cases by limiting tax collection on properties.85% confidence

Sub-Topics Property Tax

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in committee · New York · Senate Jan 7, 2026

S 6595: Provides a tax abatement for facilty-integrated carbon-to-value equipment

Bill S 6595 establishes a property tax abatement program for owners of certain buildings in cities with populations of one million or more. This program incentivizes the installation of "facility-integrated carbon-to-value equipment" designed to capture, remove, or beneficially use carbon dioxide emissions. Eligible property owners can receive an abatement for a compliance period of up to eight years, calculated as the lesser of 5% of eligible equipment expenditures, the taxes payable, or $100,000 annually (with a potential maximum of $800,000). The equipment must demonstrate a net reduction in carbon dioxide emissions, and specific restrictions apply, including for certain boiler systems and locations within environmental justice areas.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes a property tax abatement program, directly creating a tax incentive for businesses to adopt carbon capture equipment, advancing tax policy as a fiscal tool.95% confidence ✓ EnergySupports EnergyBill incentivizes carbon capture technology via tax abatement, promoting emissions reduction in energy infrastructure per clean energy indicators.90% confidence ✓ EnvironmentSupports EnvironmentBill incentivizes CO2 capture technology via tax abatement, directly reducing emissions and advancing environmental protection through carbon management.95% confidence

Sub-Topics Property Tax Tax Incentives Environmental Justice

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in committee · New York · Assembly Jan 7, 2026

A 3663: Relates to the limit upon real property tax levies by local governments

Relates to the limit upon real property tax levies by local governments; exempts real property owned by a city, town or village from taxes for infrastructure, road maintenance, snow removal, capital projects, consent order and smart growth initiative expenses and any extraordinary expenses required to respond to public health emergencies and pandemics.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill exempts local government-owned properties from taxes for infrastructure, promoting fiscal responsibility by reducing government tax burdens for essential services.90% confidence ✓ TransportationSupports TransportationExempts road maintenance and infrastructure costs from property taxes, enabling local funding for transportation projects.85% confidence

Sub-Topics Property Tax Roads & Highways

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in committee · New York · Senate Jan 7, 2026

S 7192: Establishes a property tax exemption for police officers who serve in the state of New York

This bill would create a property tax exemption for New York police officers who live in the state. It allows local governments to exempt up to 15% of a qualified officer's primary residence value from property taxes, capped at $12,000 or the equivalent based on state tax rates. Officers must apply annually using a state-provided form and refile each year. The exemption excludes school taxes and applies only to residential property used exclusively for living. The bill is currently pending in the Local Government committee (referenced April 3, 2025).

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption for police officers, reducing their tax burden as a form of tax relief for public servants.90% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 6068: Authorizes certain exemptions from school district real property taxes for volunteer firefighters

This bill allows school districts to provide property tax exemptions for volunteer firefighters' primary residences within their district. To qualify, firefighters must be certified members of a local fire company for at least five years, reside in the district, and live in the property as their main home. The exemption covers up to $12,000 in tax value (adjusted by state rates) and requires school districts to adopt local rules through public hearings. Firefighters with 20+ years of service may qualify for a lifetime exemption if their residence remains in the district.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption for volunteer firefighters, reducing their tax burden as tax relief for a specific group within fiscal management.95% confidence

Sub-Topics Property Tax

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in committee · New York · Assembly Jan 7, 2026

A 5931: Relates to providing a tax abatement for geothermal well systems in N.Y. city

This bill creates a property tax abatement for geothermal well systems in New York City (a city of over one million people). It provides a 10% reduction on eligible installation costs (capped at $62,500 annually) for systems placed in service between 2027 and 2029. Property owners must obtain professional certifications, comply with building codes, and maintain the system to qualify. The tax break applies only to systems directly used for heating/cooling buildings, excluding costs covered by grants.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 10% property tax abatement (capped at $62,500) for geothermal systems, reducing tax burden for qualifying owners, aligning with tax relief support.90% confidence ✓ EnergySupports EnergyBill provides tax abatement for geothermal systems (renewable energy infrastructure), directly promoting clean energy adoption through financial incentives for heating/cooling systems.95% confidence ✓ EnvironmentSupports EnvironmentTax abatement directly incentivizes geothermal systems (clean energy), reducing fossil fuel use for heating/cooling and promoting renewable energy adoption.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 7925: Establishes a tax rebate program for rent-stabilized housing

Establishes a tax rebate program for rent-stabilized housing that targets buildings with individually occupied rent-stabilized apartments where the property tax burden significantly exceeds rental income.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax rebate program targeting rent-stabilized housing with excessive property tax burden, providing tax relief to lower-income housing properties per support indicators.90% confidence ✓ HousingSupports HousingBill creates tax rebates for rent-stabilized buildings to reduce property tax burden, supporting tenant protections and affordable housing maintenance.90% confidence

Sub-Topics Property Tax Tax Incentives Affordable Housing Property Taxes Tenant Rights

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