Creates the New York state home ownership savings plan; creates a property tax exemption related thereto; creates exemptions for properties purchased in target areas with a New York state home ownership savings plan.
This bill changes how property taxes are calculated for seniors and people with disabilities living in rent-controlled or rent-regulated housing. It allows their pension benefits (including Social Security, retirement payments, and disability benefits) to be counted as income for tax purposes, potentially lowering their property tax burden. The key mechanism revises income calculation rules to exclude gifts, inheritances, and certain pension increases tied to inflation, while including eligible benefits. To qualify, households must have an existing rent increase exemption order (granted before July 1, 2024) and the new calculation must show lower taxes than the previous method.
Requires assessing units to disclose and publish information relating to the use of a computer assisted mass appraisal system or other statistical formula or computer software at any step during the assessment of taxes on real property; requires assessing units not using a computer assisted mass appraisal system or other statistical formula or computer software at any step during the assessment of taxes on real property to verify that such systems, formula, or software were not used and explaining the methods used by such assessing unit to assess real property taxes.
Bill A-154 provides a 100% real property tax exemption for agricultural lands used to grow bio-energy crops (specifically crops for cellulosic ethanol processing) for alternative fuel. It directly affects farmers who produce these designated crops, exempting their land from local taxes (village, town, city, county, or school district) based on assessed value. To qualify, landowners must submit proof to the taxing authority showing compliance, and applications must be filed by the taxable status date. The exemption expires five years after the law takes effect.
This bill creates a 50% property tax exemption for real estate used as a licensed child day care facility, as defined by state social services law. The exemption is optional for local governments - counties, cities, towns, or school districts must pass a local law to adopt it after a public hearing. Property owners operating qualifying day cares would see their tax bill reduced by half, but the exemption ends if the property stops being used for child care. Localities may also choose to limit the exemption to less than 50% through separate local laws.
This bill creates a 3-year property tax exemption for farmland actively transitioning to organic production under USDA certification. It directly affects farms certified by USDA-accredited authorities for organic crop, livestock, or livestock product production. The exemption covers up to 50% of the farm's agricultural land value annually (or more in disaster years), requires the land to remain in agricultural use, and mandates annual reporting to the commissioner. Land must achieve full organic certification by the end of the 3-year period to maintain eligibility.
This bill amends the state constitution to allow state legislatures to alter or repeal property tax exemptions specifically for private colleges and universities. Currently, exemptions for religious, educational, and charitable properties are protected, but this change removes that protection for private higher education institutions. It would enable lawmakers to modify or eliminate tax breaks on property owned by these schools, unlike other exempt properties. The change affects private institutions of higher education directly by making their tax exemptions subject to legislative action.
Prohibits the city of New York from increasing property taxes where a property's assessed value has decreased in the previous year; applies only to class one and class two properties.
This bill creates a property tax exemption for the primary residences of spouses whose police officer partners died while performing official duties. It requires local governments (cities, towns, counties) to adopt a local law or resolution after a public hearing to implement the exemption. The exemption applies to all property taxes levied by local jurisdictions for city, town, or county purposes, covering both individual homeowners and cooperative apartment residents meeting eligibility criteria. The exemption applies to tax years beginning on or after January 1 following the law's effective date.
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.
