Budget & Taxes (Property Tax)

in committee · New York · Senate Jan 7, 2026

S 1735: Relates to exemptions granted for alterations or rehabilitation

This bill amends New York's real property tax law to clarify requirements for tax exemptions on historic property renovations. It requires that property owners seeking exemptions for alterations or rehabilitation must: (1) own property designated as a landmark or contributing to a historic district, (2) ensure work serves historic preservation, (3) follow local preservation guidelines, and (4) get approval from the local preservation commission before starting work. Local governments (counties, cities, towns, or school districts) can also set their own rules, such as reducing exemption percentages or limiting eligibility. The changes apply to properties under local preservation jurisdiction and take effect immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill clarifies tax exemption requirements for historic property renovations, enabling targeted tax relief while ensuring compliance with preservation guidelines.90% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 3313: Relates to school district reorganizations and real property tax rates

Increases the phase-in period, in which the boards of education or trustees of school districts participating in a proposed reorganization may opt to have the tax impact of such reorganization, from 10 to 20 years.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends tax phase-in period from 10 to 20 years, reducing immediate property tax burden on homeowners during school district reorganizations.85% confidence

Sub-Topics Property Tax

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in committee · New York · Senate Jan 7, 2026

S 1902: Relates to exempting homeowners from tax increases for certain renewable energy systems

This bill exempts homeowners from property tax increases on qualifying renewable energy systems installed within specific timeframes. It covers solar, wind, or farm waste systems installed before 1988 or between 1991-2030, plus newer systems like micro-hydro, fuel cells, or electric storage installed between 2018-2030. Systems must not exceed 20 kilowatts of generation capacity or 30 kilowatt-hours of storage capacity. The exemption applies only to systems meeting these criteria and installation dates. Homeowners with qualifying systems installed during these periods will avoid tax hikes tied to their renewable energy equipment.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts homeowners from property tax increases on renewable energy systems, providing direct tax relief per bill's summary.95% confidence ✓ EnergySupports EnergyExempts homeowners from property tax increases for qualifying renewable systems (solar, wind, etc.), directly promoting adoption by reducing financial barriers for clean energy infrastructure.95% confidence ✓ EnvironmentSupports EnvironmentExempts homeowners from property tax increases for renewable energy systems (solar, wind, etc.), directly incentivizing clean energy adoption and reducing barriers to environmental protection.95% confidence

Sub-Topics Property Tax Energy Storage Renewable Energy Solar

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in committee · New York · Assembly May 21, 2026

A 42: Establishes an exemption from taxation for energy-related public utility real property related to attaining state climate goals

Establishes an exemption from taxation for energy-related public utility real property related to attaining state climate goals; provides that such exemption shall remain in effect until it is retired or removed from service.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for climate-related utility property, offering tax relief aligned with fiscal strategy for climate goals.95% confidence ✓ EnergySupports EnergyTax exemption for climate-focused energy infrastructure incentivizes renewable investment, directly advancing state climate goals through financial support for clean energy utilities.95% confidence ✓ EnvironmentSupports EnvironmentTax exemption for climate-focused energy utilities directly incentivizes clean energy infrastructure to meet state climate goals, promoting environmental protection.90% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 3878: Allows localities to grant an exemption from real property taxation for child day cares

This bill allows local governments (counties, cities, towns, villages, or school districts) to create a property tax exemption for licensed child day cares. Specifically, it permits localities to exempt up to 50% of a child care facility's assessed property value from real estate taxes, but only if the locality formally approves the exemption through a law or resolution. The exemption applies only to properties actively used for licensed child care operations, and ends if the property is no longer used for that purpose. Local governments may choose to offer a smaller exemption than 50% if they prefer.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption (up to 50% of assessed value) for licensed child care facilities, offering tax relief to support essential childcare services.92% confidence

Sub-Topics Business Taxes Property Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 1877: Grants real property tax abatement to rent-controlled or rent regulated properties when the maximum authorized rent exceeds 1/2 of the tenants' household income

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax abatement for low-income tenants (rent >50% income) with state compensation for cities' lost revenue, aligning with tax relief for lower-income households.95% confidence ✓ HousingSupports HousingProvides tax abatement for rent-controlled units where rent exceeds 50% of tenant income, protecting low-income seniors/disabled tenants from unaffordable rents while compensating cities for lost revenue.95% confidence

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

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in committee · New York · Senate Jan 7, 2026

S 5033: 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 emergency workers.95% confidence

Sub-Topics Income Tax Property Tax Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 26: Increases the enhanced STAR property tax deduction for tax for final assessment rolls to be completed after two thousand twenty-six and eliminates school taxes for certain persons eighty and older

Increases the enhanced STAR property tax deduction for tax for final assessment rolls to be completed after two thousand twenty-six; provides a total exemption from school taxes for certain persons eighty years of age and older.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases property tax deduction and exempts seniors 80+ from school taxes, providing direct tax relief to qualifying residents per bill language.95% confidence

Sub-Topics Property Tax

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in committee · New York · Senate Jan 7, 2026

S 8549: Establishes a real property tax exemption for police officers who have a one hundred percent service-connected disability

This bill creates a property tax exemption for police officers who are 100% disabled due to duty-related injuries or illnesses, certified by a physician. Eligible officers must own their primary residence, and local governments must adopt a specific ordinance after a public hearing to implement the exemption. The exemption covers all local property taxes (city, town, county) for qualifying officers' homes. It does not apply to cooperative apartment buildings covered under certain housing laws. The exemption begins for 2027 assessment rolls.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides property tax exemption for disabled police officers, reducing their tax burden as targeted fiscal relief.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 4440: Requires the state to pay real property taxes on the assessed value of the Moriah shock incarceration correctional facility

This bill requires the state government to pay all real property taxes on the Moriah shock incarceration correctional facility's assessed value once correctional operations end there. It applies directly to the state (as the payer) and local governments (Essex County and the town of Moriah, which would receive tax payments if the facility is sold to a not-for-profit). The state must cover these taxes until the land is either reused by a state agency or sold to a non-governmental entity, with specific tax payment requirements for not-for-profit buyers. This is a tax exemption provision, not a new policy affecting residents or services.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill explicitly requires state to pay real property taxes, directly increasing government spending and affecting budget management.95% confidence

Sub-Topics Property Tax Tax Incentives

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