Budget & Taxes (Property Tax)

in committee · New York · Assembly Feb 25, 2026

A 9046: Establishes limits upon local government tax levies

This bill sets limits on property tax increases for New York counties, cities, towns, and villages (excluding New York City and certain counties). It specifically caps how much local governments can raise taxes to cover teacher retirement costs when the required contribution rate jumps more than 2 percentage points from the previous year. The law clarifies that these limits apply to most property tax levies but exclude certain special assessments authorized under specific state provisions. The goal is to prevent sudden, large tax hikes on residents by tying increases to predictable factors like retirement system costs.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill caps property tax increases for local governments on teacher retirement costs, restricting tax levies per summary's explicit limits.95% confidence

Sub-Topics Pensions Property Tax

Track

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

Track

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

Track

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

Track

in committee · New York · Assembly Jan 7, 2026

A 6984: Establishes a property tax exemption for certain disabled veterans

This bill creates a $6,000 property tax exemption for veterans with a 100% service-connected disability rating from the U.S. Department of Veterans Affairs or Defense. It applies directly to qualifying veterans (or surviving spouses of veterans who died from a service-connected disability) regardless of their property's assessed value. The exemption is added to existing tax breaks and takes effect for property tax assessments starting January 1 following the bill's enactment. It does not change other existing disability tax exemptions.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides direct tax relief for disabled veterans by exempting $6,000 from property taxes, aligning with tax relief for lower-income groups.95% confidence ✓ VeteransSupports VeteransBill creates $6,000 property tax exemption for 100% disabled veterans, directly expanding financial benefits and reducing tax burden for qualifying veterans and surviving spouses.95% confidence

Sub-Topics Property Tax Tax Incentives Veteran Healthcare Veteran Housing

Track

in committee · New York · Senate Jan 7, 2026

S 3303: Relates to a real property tax relief credit and an enhanced real property tax circuit breaker credit

Provides a real property tax relief credit and an enhanced real property tax circuit breaker credit for certain taxpayers who meet income requirements and other eligibility.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides real property tax relief and circuit breaker credits for income-eligible taxpayers, directly reducing tax burden for qualifying lower/middle-income residents.95% confidence

Sub-Topics Property Tax

Track

in committee · New York · Senate Jan 7, 2026

S 3305: Relates to the homeowner tax rebate credit

S 3305 extends the homeowner tax rebate credit to apply for tax year 2025 and all subsequent years. It directly affects eligible homeowners who meet current eligibility criteria under the tax law. The bill amends a specific section of the tax code to update the credit's effective period, ensuring it remains available without requiring annual legislative action. This is a straightforward extension of an existing program, not a new policy change.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends existing homeowner tax rebate credit, providing ongoing tax relief to eligible homeowners, aligning with support indicators for tax relief programs.95% confidence

Sub-Topics Property Tax Sales Tax

Track

in committee · New York · Senate Jan 7, 2026

S 1147: Creates an enhanced real property tax circuit breaker credit

S 1147 creates a new tax credit for New York City residents (population over 1 million) who own or rent their primary home. The credit reduces state tax liability based on a portion of property taxes paid, after subtracting a threshold amount tied to household income. Eligibility requires living in the home for six+ months, meeting income limits, and filing state taxes. The credit applies only to property taxes on primary residences within NYC, with specific definitions for household income and tax calculations.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates income-based property tax credit reducing state tax liability for NYC homeowners, providing direct tax relief to eligible residents per bill's summary.95% confidence ✓ HousingSupports HousingBill provides tax credit reducing property tax burden for NYC primary residents, lowering housing costs and increasing affordability for qualifying homeowners/renters.90% confidence

Sub-Topics Property Tax Tax Credits Property Taxes Renters

Track

in committee · New York · Senate Jan 7, 2026

S 6559: Relates to real property tax exemptions for disabled veterans

S 6559 would allow local governments (counties, cities, towns, villages, or school districts) to provide a 100% property tax exemption for veterans who served in combat zones and are 100% permanently disabled due to military service, or their unmarried surviving spouses. This exemption would apply directly to the property tax bill for eligible veterans, bypassing any local limits on standard property tax exemptions. Localities would choose whether to implement this option, and the exemption would apply to properties assessed on or after January 1, 2025. The bill does not require localities to adopt this exemption but provides a new option for those that choose to do so.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for disabled veterans, reducing property tax burden, aligning with tax relief for lower-income groups.90% confidence ✓ VeteransSupports VeteransBill provides 100% property tax exemption for disabled combat veterans and surviving spouses, directly expanding financial benefits for eligible veterans.95% confidence

Sub-Topics Property Tax Tax Incentives Veteran Benefits Veteran Healthcare Veteran Housing

Track

in committee · New York · Assembly Jan 7, 2026

A 4711: Establishes a green development neighborhood tax exemption

Bill A 4711 establishes a property tax exemption for new residential subdivisions certified as "green development neighborhoods." It directly affects developers building qualifying neighborhoods and homeowners in those areas, reducing their property tax burden on new construction value. The exemption applies to subdivisions meeting NGBS silver or LEED for new construction certification standards, with deed restrictions requiring all homes to achieve silver certification. Municipalities can adopt local laws granting up to a 10-year tax exemption on the increased value from green construction, administered through tax assessors upon submitted certification.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides property tax exemption for qualifying green developments, directly reducing tax burden on developers/homeowners per tax relief indicators.92% confidence ✓ EnergySupports EnergyBill provides tax exemption for LEED-certified green neighborhoods, directly incentivizing energy-efficient construction standards and promoting renewable energy infrastructure development.95% confidence ✓ EnvironmentSupports EnvironmentBill provides tax exemption for neighborhoods meeting LEED/NGBS green certification standards, directly incentivizing environmentally sustainable development through financial incentives.95% confidence ✓ HousingSupports HousingTax exemption for new green residential subdivisions directly incentivizes housing development by reducing developers' costs, advancing construction of new housing stock.90% confidence

Sub-Topics Property Tax Tax Incentives Property Development Property Taxes

Track