This bill allows New York municipalities to choose whether to offer a 5% property tax exemption on qualifying residential properties owned by active or retired National Guard members and military reservists. To qualify, the property must be the owner’s primary residence (with exceptions for medical reasons), and the applicant must submit an annual application with a U.S. Department of Defense "twenty-year favorable service letter." The exemption applies only to the residential portion of the property and cannot be stacked with existing military tax benefits. Municipalities must adopt local ordinances to implement this option, which takes effect immediately.
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".
This bill removes population restrictions that previously limited eligibility for a property tax relief program to municipalities in specific counties. Currently, the program only applied to counties with populations between 65,390-65,400 or 98,900-99,000 (based on the 2010 census). The bill would allow any municipality in New York to join the program regardless of its county's population size. This change directly expands access to the residential-commercial exemption program for all local governments.
Authorizes application of the property tax abatement for rent-controlled or rent regulated properties occupied by senior citizens or disabled persons, to those units occupied by tenants paying the maximum allowable rent when such rent exceeds 1/2 of the household income; provides for state payments to cities affected thereby equal to 10% of lost real property tax revenue.
This bill exempts combined heat and power (CHP) generating equipment from property taxation for 15 years. It applies to qualifying residential or commercial systems meeting specific technical standards (1-15 megawatts capacity, 60%+ fuel efficiency) installed on-site. The exemption covers the increased property value from the system, excluding normal building components like insulation. It amends existing tax law to define eligible CHP systems and requires compliance with guidelines set by the state authority.
This bill modifies New York's enhanced STAR property tax exemption by adding distributions from thrift savings plans (established before 1984) to the list of income types excluded from the eligibility calculation. It affects homeowners applying for the enhanced STAR exemption, who must now exclude these distributions when determining their income for tax purposes. The bill also requires applicants who didn’t file tax returns to submit a detailed statement to the state department outlining their unreported income sources and amounts. These changes apply to exemption applications for tax years beginning in 2019 and later.
This bill would allow local governments (counties, cities, towns, villages, or school districts) to create a property tax exemption for the primary residence of veterans with a 100% service-connected disability. To qualify, veterans must have an honorable discharge, a 100% disability rating from the U.S. Department of Veterans Affairs, and be permanently and totally disabled due to military service. The exemption covers all real property taxes, special district charges, and assessments on their primary home. This policy change directly affects veterans meeting these specific criteria, providing them with tax relief on their main residence starting with 2026 assessment rolls.
Establishes a real property tax exemption for persons sixty years of age or over with an annual household income not exceeding $100,000; directs the state to reimburse municipalities for lost revenues.
This bill places a permanent ban on state laws that require local governments (such as counties, cities, school districts, and towns) to implement new programs or services without providing funding, if the cost exceeds $10,000 annually for a single local government or $1 million statewide. It defines "unfunded mandates" to include new requirements that raise costs for local governments beyond these thresholds, regardless of whether the mandate is for new services, higher service levels, or property tax exemptions. The ban includes exceptions for court orders, federal mandates, or situations involving immediate public safety threats. The law takes effect immediately for new legislation, though it does not affect existing mandates.
Provides for real property tax exemptions for last mile broadband infrastructure constructed, altered, installed or improved in an area designated a broadband opportunity area.
