Budget & Taxes (Property Tax)

died · New York · Senate Jan 7, 2026

S 2177: Relates to establishing the broadband investment tax stabilization (BITS) act

Provides that all equipment used for the transmission and switching of radio signals for the provision of commercial mobile radio service or mobile internet access service no longer constitutes real property subject to the real property tax law.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill exempts broadband equipment from real property tax, creating a tax break for service providers and reducing state revenue, aligning with tax break indicators for businesses.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Jun 13, 2025

A 8629: Relates to the determination of adjusted base proportions in special assessing units which are cities

This bill sets a 5% maximum annual limit on property tax base increases for cities (special assessing units) in their 2026 fiscal year. It allows city legislatures to determine the exact percentage increase (up to 5%) by December 1, 2025, replacing prior calculation rules. Cities must revise tax bills, rates, and send amended bills if they issued them before the law takes effect, but taxpayers remain responsible for payments due before the correction. The change directly affects all cities that collect property taxes under this specific tax law provision.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill caps annual property tax base increases at 5% for cities, restricting potential tax revenue growth from base adjustments.95% confidence

Sub-Topics Property Tax

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in committee · New York · Assembly Jan 7, 2026

A 3774: Relates to taxation of state correctional facility properties for schools

This bill exempts state-owned land containing correctional facilities from property tax assessments for school funding purposes. It amends tax law to specifically exclude such lands (excluding state-built improvements) from taxable status, meaning these properties will no longer contribute to school tax rolls. The change applies to assessment rolls prepared on or after the effective date (January 1 following enactment). This directly affects state correctional facilities by removing their land value from local school tax calculations. The bill does not alter tax treatment of improvements on these properties or impact other types of state-owned land.

Topics ✗ Budget & TaxesOpposes Budget & TaxesExempts state correctional land from school tax rolls, reducing school funding revenue. Defunds public education programs.90% confidence ✗ EducationOpposes EducationExempts correctional facility land from property tax, reducing potential school funding revenue as land no longer contributes to school tax rolls.95% confidence

Sub-Topics Property Tax School Funding Testing & Assessment

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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

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in committee · New York · Senate Jan 7, 2026

S 4029: Relates to the amount of the allowable levy growth factor and the percentage of votes needed to override the tax levy limit

This bill modifies property tax limits for local governments and school districts in New York. It changes the "allowable levy growth factor" to be the greater of 1.02 (2% growth) or 1 plus the inflation factor (with a minimum 1.02), and lowers the vote threshold needed to override tax levy limits from 60% to a simple majority (more than 50%) of votes cast. School districts and municipalities would now require only 51% voter approval (instead of 60%) to approve budgets exceeding tax levy limits. The bill also updates ballot language to clarify that tax levy increases require voter approval. These changes apply to all local governments and school districts subject to existing tax cap rules.

Topics ✗ Budget & TaxesOpposes Budget & TaxesLowers vote threshold to override tax levy limits from 60% to 51%, weakening restrictions on local tax increases for school districts/municipalities.95% confidence ✓ EducationSupports EducationLowers vote threshold from 60% to 51% for school district budget overrides, facilitating easier approval of funding increases to exceed tax levy limits.90% confidence

Sub-Topics Property Tax

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signed · New York · Senate Oct 27, 2025

S 7980: Relates to the determination of adjusted base proportions in special assessing units which are cities

This bill sets a 5% maximum annual increase for property tax base proportions in cities for fiscal year 2026. It directly affects cities calculating property taxes, requiring their local legislative bodies to set the exact increase (up to 5%) by December 1, 2025. If cities issued tax bills before the law took effect, they must revise those bills and reissue them with updated rates, but taxpayers remain responsible for payments due before the revision. The bill ensures cities can adjust tax calculations within this cap while maintaining prior payment obligations for existing bills.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill imposes 5% cap on annual property tax base increases, restricting cities' ability to raise taxes beyond this limit.95% confidence

Sub-Topics 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 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 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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