Budget & Taxes (Property Tax)

in committee · New York · Assembly Mar 13, 2026

A 10575: Creates the middle class circuit breaker tax credit and a tax reform study commission

Creates the middle class circuit breaker tax credit allowing a credit against personal income tax, equal to seventy percent of the amount by which the taxpayer's net real property tax or the taxpayer's real property tax equivalent exceeds the taxpayer's maximum real property tax; establishes a tax reform study commission.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax credit for middle class and establishes tax reform commission, directly addressing tax relief and fiscal management.85% confidence

Sub-Topics Income Tax Property Tax Tax Credits

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in committee · New York · Assembly Mar 13, 2026

A 10613: Increases the tax exemption on real property owned by members of volunteer fire companies or voluntary ambulance services in certain counties

Increases the tax exemption to twenty percent on real property owned by members of volunteer fire companies or voluntary ambulance services in certain counties.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill increases tax exemption for volunteer fire and ambulance members, providing tax relief that supports fiscal management and public service funding.85% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Mar 13, 2026

A 10549: Authorizes a tax abatement for alterations and improvements to multiple dwellings for purposes of preserving habitability in affordable housing

This bill modifies New York State's real property tax law to allow property owners of affordable housing buildings to receive tax reductions for making specific repairs and improvements that maintain the habitability of their units. It directly affects owners of multi-unit rental buildings, condominiums, cooperatives, and mutual housing companies that meet certain income and affordability requirements. To qualify, buildings must have at least three units, and owners must obtain a certificate from their local housing agency confirming the project's eligibility and cost limits, with improvements needing to be completed within a thirty-month window. The tax abatement is tied to a certified reasonable cost schedule that sets maximum dollar limits for approved alterations, ensuring funds are used for essential maintenance rather than expansion.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax abatement for affordable housing improvements, reducing tax burden on property owners while preserving habitability in affordable housing units.85% confidence ✓ HousingSupports HousingBill provides tax abatement for affordable housing improvements, directly funding and protecting habitability of affordable housing units.95% confidence

Sub-Topics Property Tax Tax Incentives Affordable Housing Property Taxes Tenant Rights

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in committee · New York · Senate Jun 2, 2026

S 9325: Establishes a real property tax exemption for surviving spouses of correction officers who died in the line of duty

Establishes a real property tax exemption of up to fifty percent of the assessed valuation of such real property for surviving spouses of state and county correction officers who died in the line of duty and such property constitutes the primary resident of such surviving spouse.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief to surviving spouses of correction officers, reducing their tax burden and supporting families of public servants who died in the line of duty.85% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Mar 13, 2026

A 10635: Enacts the "affordable clean energy (ACE) act"

Enacts the "affordable clean energy (ACE) act"; exempts renewable energy systems from certain requirements related to energy facilities (Part A); directs the New York power authority to propose a minimum of two priority transmission projects to address the areas of highest need on the bulk transmission system (Part B); exempts payment in lieu of taxes revenue from property tax cap calculations (Part C).

Topics ✓ Budget & TaxesSupports Budget & TaxesBill exempts PILT revenue from property tax cap calculations, protecting local government funding and supporting fiscal management.75% confidence ✓ EnergySupports EnergyBill promotes renewable energy by exempting systems from requirements, directs power authority to prioritize transmission projects, and exempts tax revenue from property tax caps.95% confidence ✓ EnvironmentSupports EnvironmentBill promotes clean energy by exempting renewable energy systems from certain requirements and directing transmission projects to address energy needs, aligning with environmental protection goals.85% confidence

Sub-Topics Property Tax Renewable Energy

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in committee · New York · Senate Jun 2, 2026

S 9502: Relates to benefits for the surviving spouses of firefighters killed in the line of duty

This bill establishes a property tax exemption for surviving spouses of firefighters killed in the line of duty. It allows local governments and school districts to exempt up to 50% of the assessed value of the surviving spouse's primary residence from real property taxes. The exemption applies specifically to firefighters who are members of the New York City Fire Department pension fund or the New York State Police and Fire Retirement System. Local legislative bodies retain the authority to reduce the percentage of exemption within their jurisdictions. The law takes effect on January 1st following its enactment.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides property tax relief for surviving spouses of firefighters, reducing their tax burden and offering financial support to vulnerable families.85% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill provides property tax exemption benefits to surviving spouses of firefighters, expanding worker benefits and supporting labor-related welfare for public safety employees.90% confidence

Sub-Topics Pensions Property Tax Tax Incentives

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in committee · New York · Assembly Mar 27, 2026

A 10745: Freezes the assessed value of real property owned by persons aged sixty-five or over, for the purposes of determining taxes owed on such property

Freezes the assessed value of real property owned by persons aged 65 or over, for the purposes of determining taxes owed on such property, beginning on the date all of such persons reach the age of 65, regardless of the actual assessed value of the property at the time of taxation.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief for seniors by freezing assessed property values, reducing their tax burden and supporting fiscal relief for older citizens.90% confidence ✓ HousingSupports HousingBill provides tax relief for seniors on housing, increasing affordability and protecting housing stability for elderly homeowners.75% confidence

Sub-Topics Property Tax Property Taxes

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in committee · New York · Assembly Mar 13, 2026

A 10625: Authorizes the governing body of certain municipal corporations to authorize an extension of exemption applications until such municipality's grievance date for persons sixty-five years of age or older

Allows a municipality to pass a local resolution to extend the taxable status exemption filing date to match such municipality's grievance date for persons sixty-five years of age or older.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill extends tax exemption filing deadline for seniors, providing tax relief to elderly residents and reducing administrative burden on municipalities.75% confidence

Sub-Topics Property Tax

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in committee · New York · Assembly Jun 3, 2026

A 10276: Authorizes the Merrick Hook & Ladder Co. 1 fire company recieve retroactive real property tax exempt status

Authorizes the Merrick Hook & Ladder Co. 1 fire company receive retroactive real property tax exempt status for the property located at 1893 Oakwood Ave, hamlet of Merrick, town of Hempstead, county of Nassau.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill grants retroactive property tax exemption to a fire company, providing tax relief and aligning with tax exemption policies supporting public services.95% confidence

Sub-Topics Property Tax

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in committee · New York · Assembly May 27, 2026

A 10257: Authorizes Hachaim Veshalom to file an application for a retroactive real property tax exemption with the county of Nassau assessor

This bill authorizes Hachaim Veshalom, a not-for-profit corporation, to apply for a retroactive real property tax exemption for two specific parcels (734 Woodfield Road, West Hempstead) on Nassau County tax rolls covering 2022-2023 school and general tax assessments. If approved by the Nassau County assessor and legislature, the exemption would apply retroactively, allowing the organization to receive refunds for taxes paid on those parcels during those years. The bill specifically enables the county assessor to accept this late application as if it were filed by the original deadline. This is a procedural exception for one organization, not a change to general tax law.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill grants retroactive tax exemption, reducing Nassau County revenue, weakening budget through reduced tax collection.85% confidence

Sub-Topics Property Tax Tax Incentives

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