Budget & Taxes (Property Tax)

in committee · New York · Assembly Jan 7, 2026

A 2002: Provides a tax exemption for property operating as a child day care

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 50% property tax exemption for licensed child day care facilities, providing targeted tax relief for qualifying properties and supporting childcare services.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 1306: Relates to a property tax exemption for a farm operation certified for the production of organic crops

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption for organic farms, reducing tax burden on agricultural land per bill's tax relief mechanism.95% confidence ✓ EnvironmentSupports EnvironmentBill incentivizes organic farming transition (reducing chemical inputs, promoting soil health) via tax exemption, aligning with environmental conservation goals.92% confidence

Sub-Topics Property Tax Sales Tax Tax Incentives

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in committee · New York · Senate Feb 3, 2026

S 1419: Allows the alteration or repeal of real property tax exemptions for private institutions of higher education

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesRemoves tax exemption for private colleges, closing a loophole to increase state revenue, strengthening fiscal management under Budget & Taxes.95% confidence ✗ EducationOpposes EducationBill removes constitutional protection for private higher ed property tax exemptions, enabling potential cost increases for institutions and restricting their financial support.95% confidence

Sub-Topics Property Tax

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in committee · New York · Senate Jan 7, 2026

S 2160: Prohibits the city of New York from increasing property taxes where a property's assessed value has decreased in the previous year

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesPrevents property tax increases when property values drop, providing direct tax relief to homeowners facing reduced valuations, aligning with tax protection indicators.95% confidence

Sub-Topics Property Tax

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in committee · New York · Assembly Jan 7, 2026

A 6532: Establishes a real property tax exemption for spouses of police officers killed in the line of duty

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates property tax exemption providing tax relief to spouses of fallen police officers, aligning with tax relief for middle/lower income as per support indicators.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate May 20, 2026

S 2475: 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-focused energy utilities, reducing tax revenue to support state climate goals through targeted fiscal policy.95% confidence ✓ EnergySupports EnergyTax exemption for climate-related utility property directly advances renewable energy infrastructure by reducing costs for clean energy projects aligned with state climate goals.95% confidence ✓ EnvironmentSupports EnvironmentTax exemption incentivizes climate-focused utility infrastructure, directly advancing state climate goals through clean energy investment.95% confidence

Sub-Topics Property Tax Sales Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 7872: Caps property taxes paid on primary residences by persons over sixty-five

This bill freezes property tax payments for New York residents aged 65 or older who own and live in their primary residence. It caps taxes at the rate paid in the year the owner turned 65, applying to single-family homes, condos, or co-ops owned individually or with qualifying family members (spouses, domestic partners, or siblings). To qualify, individuals must be 65+, own the property as their primary residence, and meet specific ownership criteria. The freeze does not affect existing school tax relief programs and expires if the owner moves or sells the home (unless a qualifying family member inherits it).

Topics ✓ Budget & TaxesSupports Budget & TaxesCaps property taxes for seniors (65+), providing direct tax relief for fixed-income residents, aligning with fiscal support for vulnerable groups.95% confidence

Sub-Topics Property Tax

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in committee · New York · Senate Jan 7, 2026

S 2553: Authorizes municipalities to establish a history, arts, and culture levy

Authorizes municipalities to establish a history, arts, and culture levy to support history, arts, and culture; exempts such levy from the real property tax levy limit.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates new municipal tax authority (levy) for arts/culture exempt from property tax cap, enabling additional funding for public services through taxation.95% confidence ✓ EducationSupports EducationBill authorizes funding for history and arts, core educational components, enhancing curriculum access and student programs through dedicated levy support.90% confidence

Sub-Topics Property Tax Tags Local Government

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in committee · New York · Assembly Jan 7, 2026

A 6198: Provides for a tax abatement for electric energy storage equipment

This bill provides a tax abatement for owners of electric energy storage equipment (like batteries) placed in service between January 1, 2027, and January 1, 2029. It allows a tax reduction equal to 10% of eligible equipment costs, capped at $62,500 per year, for up to the compliance period. The abatement applies to property taxes and is separate from existing solar energy incentives. It directly affects businesses and property owners investing in grid-stabilizing energy storage systems during this specific two-year window.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax abatement (10% property tax reduction) for energy storage equipment, directly implementing tax policy to incentivize investment in grid-stabilizing systems.90% confidence ✓ EnergySupports EnergyTax abatement for energy storage equipment directly funds grid-stabilizing infrastructure, promoting renewable energy integration and clean energy investment per bill summary.90% confidence ✓ EnvironmentSupports EnvironmentProvides tax incentives for electric energy storage, promoting clean grid infrastructure and renewable energy integration, directly advancing environmental goals.90% confidence

Sub-Topics Property Tax Tax Incentives Energy Storage Solar

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in committee · New York · Assembly Jan 7, 2026

A 4564: Relates to directing any moneys derived from new or increased taxes to reduce local real property taxes

This bill requires that money collected from new or higher state taxes (after its effective date) be deposited into a special fund. Each city, village, or town receives a share of these funds based on its property value relative to the state total. The funds must be used directly to reduce local property tax levies, lowering bills for homeowners and businesses in those municipalities. The first payments begin April 1, 2026, and are distributed annually.

Topics ✓ Budget & TaxesSupports Budget & TaxesRedirects new state tax revenue to lower local property taxes, providing direct tax relief for homeowners and businesses.95% confidence

Sub-Topics Property Tax

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