Budget & Taxes (Property Tax)

in committee · New York · Senate Jan 7, 2026

S 7186: Prohibits the sale of tax liens by a tax district in a city with a population of one million or more

This bill prohibits tax districts in New York City (population over 1 million) from selling delinquent tax liens. It amends New York State tax law and New York City's administrative code to ban these sales, effective January 1 after enactment. The law directly affects NYC's tax collection practices by preventing the sale of unpaid property tax debts to private entities or the state bond bank. This is a specific policy change targeting tax lien sales in the largest city, with no exceptions for municipal collection methods.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBans tax lien sales, restricting a government revenue stream and altering fiscal management practices in NYC's tax collection.95% confidence ✓ HousingSupports HousingProhibits tax lien sales that could lead to property foreclosures, protecting homeowners and tenants from displacement in affordable housing.80% confidence

Sub-Topics Property Tax Property Taxes

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in committee · New York · Senate Jan 7, 2026

S 1627: Authorizes the abatement of municipal and school real property taxes in certain cases of catastrophic loss and establishes procedures therefor

Authorizes the abatement of real property taxes in certain cases of catastrophic loss; establishes procedures therefor; limits eligibility to one, two, or three family houses; applies to all municipal and school taxes.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes tax abatement for property owners after catastrophic loss, providing direct tax relief to affected homeowners and reducing municipal/school tax burden on eligible properties.90% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 4672: Relates to improving the real property tax relief credit

This bill increases the real property tax relief credit for homeowners with qualifying income levels. It adjusts the calculation method, raising the credit percentage for lower-income taxpayers (up to $75,000 gross income) from 14% to 20% and modifying thresholds for middle-income households ($75,000-$150,000 and $150,000-$350,000). The credit now has a minimum value of $1,550 (up from $350) and applies to tax years beginning January 1, 2026. It directly affects homeowners whose real property taxes exceed 5% of their qualified gross income, providing greater relief for those with moderate incomes.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax credit percentage for lower/middle-income homeowners (14%→20%) and raises minimum credit, directly providing tax relief per support indicators.95% confidence

Sub-Topics Property Tax Tax Credits

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in committee · New York · Senate Jan 7, 2026

S 411: Enacts the New York City truth in budgeting act

Enacts the New York City truth in budgeting act to require notice and a public hearing prior to an increase in the real property tax levy greater than two percent over the prior year.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRequires public hearing before real property tax levy increases >2%, restricting arbitrary tax hikes per bill's explicit language.92% confidence

Sub-Topics Property Tax

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in committee · New York · Senate Jan 7, 2026

S 4614: Relates to directing any moneys derived from new or increased taxes to reduce local real property taxes

S 4614 requires that any revenue from new or increased state taxes be deposited into a special fund. This fund then distributes payments annually to all cities, villages, and towns (outside villages) based on their proportion of the state's total property value. The payments must be used directly to lower each municipality's local property tax levy, reducing residents' property tax bills. The bill takes effect January 1, 2026, after passing committee referral.

Topics ✓ Budget & TaxesSupports Budget & TaxesDirects new tax revenue to reduce local property taxes, providing immediate tax relief to residents and lowering municipal tax burdens.95% confidence

Sub-Topics Property Tax

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in committee · New York · Senate Jan 7, 2026

S 4077: Relates to establishing an abatement and exemption from real property taxes for capital improvements to reduce carbon emissions

Relates to establishing an abatement and exemption from real property taxes for capital improvements to reduce carbon emissions; establishes an energy efficiency improvement board to approve the abatements and exemptions.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax abatement/exemption for carbon-reducing property improvements, directly reducing tax burden on eligible owners per its title and summary.92% confidence ✓ EnergySupports EnergyTax abatements for carbon-reducing energy efficiency improvements directly promote clean energy infrastructure and emissions reduction per bill's purpose.95% confidence ✓ EnvironmentSupports EnvironmentBill provides tax abatements for carbon-reducing capital improvements, directly advancing emission reduction goals through financial incentives for energy efficiency.95% confidence

Sub-Topics Property Tax Tax Incentives Energy Efficiency Climate Change

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in committee · New York · Senate Jan 7, 2026

S 5375: Establishes the retire strong tax credit for certain individuals age 65 or older

Establishes the retire strong tax credit for certain individuals age 65 or older; authorizes a tax credit amounting to half the qualifying real property taxes paid by such individual for the taxable year, up to $6,500.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing property tax burden for seniors, a form of tax relief targeting eligible individuals.90% confidence

Sub-Topics Property Tax Tax Credits Tax Incentives

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in committee · New York · Senate Jan 7, 2026

S 7964: Incentivizes projects on certain Brownfield sites

Bill S 7964 aims to encourage the cleanup and redevelopment of certain contaminated "Brownfield" sites by offering enhanced tax credits. It increases the maximum tangible property tax credit for projects on these sites, especially for a new category called "qualified project sites." To qualify for these higher incentives, a project must meet several criteria, including being in a city with a population under 100,000, located near public transportation, and incorporating a minimum percentage of affordable housing units. Additionally, these "qualified project sites" must have a total value exceeding $250 million, and remediation construction work on them will be subject to prevailing wage requirements, with an allowance for project labor agreements.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill increases tax credits for Brownfield redevelopment, directly enhancing tax incentives under budget/tax policy framework.95% confidence ✓ EnvironmentSupports EnvironmentBill incentivizes cleanup of contaminated Brownfield sites via tax credits, directly reducing pollution and promoting environmental remediation of degraded land.95% confidence ✓ HousingSupports HousingIncentivizes Brownfield redevelopment via tax credits, promoting new housing development in underserved areas with transit access, aligning with affordable housing goals.85% confidence ✓ TransportationSupports TransportationBill requires projects to be near public transportation to qualify for enhanced tax credits, directly incentivizing transit-oriented development.95% confidence

Sub-Topics Property Tax Tax Credits Tax Incentives Hazardous Materials Affordable Housing Community Development Property Taxes

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in committee · New York · Senate Jan 7, 2026

S 2277: Relates to limitations upon school district tax levies

Provides that the tax levy limit shall be equal to a zero percent increase over the prior year tax levy when the difference between the total amount of taxes levied for the prior year less the tax levy limit results in a negative number.

Topics ✗ Budget & TaxesOpposes Budget & TaxesDirectly restricts school district tax levies to zero percent increase when prior year levy would exceed limit, limiting tax authority.95% confidence ✗ EducationOpposes EducationBill caps school tax levies at zero percent increase, restricting district funding flexibility and limiting potential tax-based school funding increases.90% confidence

Sub-Topics Property Tax State Budget School Funding

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in committee · New York · Assembly Jan 7, 2026

A 876: 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 & TaxesOpposes Budget & TaxesProhibits property tax increases on declining-value properties, restricting tax hikes for affected owners under Budget & Taxes policy.95% confidence

Sub-Topics Property Tax

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