Housing (Property Taxes)

in committee · New York · Senate Jun 5, 2026

S 5968: Increases the value of homesteads which are to be exempt from civil judgments

This bill increases the homestead exemption value - protecting home equity from civil judgments - from $150,000 to $250,000 for homeowners in New York City boroughs, Nassau, Suffolk, and surrounding counties. For other counties, it raises the exemption to $125,000 (Dutchess, Albany, etc.) and $75,000 for remaining areas. If a home’s value exceeds these limits, creditors can claim the surplus value after the exemption amount is protected. The law directly affects homeowners in New York State who face civil judgments, ensuring more home equity remains shielded from debt collection.

Topics ✓ HousingSupports HousingBill strengthens property rights by increasing homestead exemption values, directly addressing a core component of the housing topic as defined (property rights protection for homeowners).85% confidence

Sub-Topics Property Taxes

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in committee · New York · Senate Apr 29, 2025

S 7285: Relates to the applicability of the residential redevelopment inhibited property exemption

Bill S 7285 expands the existing residential redevelopment inhibited property exemption. It allows all cities, towns, and villages in the state to offer a property tax exemption for redeveloped neglected or abandoned residential properties. The bill broadens eligibility to include one-to-four unit residences, not just one-family homes, and permits occupancy by either an owner or a tenant as their primary residence. This exemption reduces the increase in property taxes linked to the added value from demolition, alteration, rehabilitation, or remediation of these properties.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax exemption for redeveloped residential properties, reducing tax burden on owners/tenants. Aligns with tax relief for lower/middle income through expanded eligibility.95% confidence ✓ HousingSupports HousingExpands property tax exemption for redeveloping neglected residential properties, including multi-unit housing and tenant occupancy. Reduces tax burden to encourage development and increase affordable housing.95% confidence

Sub-Topics Property Tax Tax Incentives Community Development Property Taxes

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in committee · New York · Assembly Jan 7, 2026

A 230: Relates to tax abatement for rent-controlled and rent regulated property occupied by and real property owned by senior citizens or persons with disabilities

Relates to tax abatement for rent-controlled and rent regulated property occupied by and real property owned by senior citizens or persons with disabilities.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax abatement (reduced taxes) for seniors/disabled on rent-controlled properties, offering tax relief to lower-income groups.95% confidence ✓ HousingSupports HousingTax abatement for rent-controlled properties occupied by seniors/disabled preserves affordable housing and tenant protections, directly supporting vulnerable populations in existing housing stock.95% confidence

Sub-Topics Tax Incentives Property Taxes Renters

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in committee · New York · Assembly Jan 7, 2026

A 6390: Increases the value of homesteads which are to be exempt from civil judgments

This bill increases the homestead exemption value - protecting primary residences from creditor claims - from $150,000 to $250,000 in New York City boroughs, Queens, and several other counties (including Nassau, Suffolk, and Westchester). It sets lower caps of $125,000 for counties like Dutchess and Albany, and $75,000 for remaining counties. Property exceeding these limits remains exempt from judgment liens only up to the new cap, with surplus value subject to creditor claims. The change directly affects homeowners in New York State who own their primary residence and face civil judgments.

Topics ✓ HousingSupports HousingBill increases homestead exemption, protecting homeowners' primary residences from creditors, directly supporting property rights within housing policy as described.90% confidence

Sub-Topics Property Taxes

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died · New York · Senate Mar 18, 2026

S 8170: Authorizes a tax abatement for alterations and improvements to multiple dwellings for purposes of preserving habitability in affordable housing

This bill extends deadlines for tax abatements on eligible renovations to multiple dwelling buildings. It changes the deadline for completing eligible construction from June 30, 2025, to June 30, 2026, and extends the period cities can grant tax abatements until June 30, 2026. The bill directly affects building owners making eligible improvements and local governments administering these tax breaks under the multiple dwelling law. It does not create new programs but provides additional time for compliance with existing tax abatement rules. The key change is the one-year extension to both construction completion dates and local government authorization periods.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends tax abatement deadlines for property owners, providing continued tax relief under existing program without altering tax rates or funding.90% confidence ✓ HousingSupports HousingExtends tax abatement deadlines for renovations to multiple dwellings, encouraging building improvements that support housing development and maintenance without restricting affordability.85% confidence

Sub-Topics Tax Incentives Affordable Housing Property Taxes Tenant Rights

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in committee · New York · Senate Jan 7, 2026

S 6473: Relates to pension income and tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities

S 6473 amends New York's real property tax law to allow senior citizens and people with disabilities living in rent-controlled or rent-regulated housing to use certain pension and benefit income for tax abatement calculations. The bill changes how income is calculated by permitting deductions for income taxes and social security taxes, and including retirement benefits, Social Security, and public assistance while excluding gifts, inheritances, and certain benefit increases. To qualify, tenants must have a pre-July 1, 2024, rent increase exemption order, and the new income calculation must result in a lower tax amount than the previous method. This directly affects eligible residents in regulated housing by potentially reducing their property tax burden based on revised income rules.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief for seniors/disabled by including pension income and allowing tax deductions in property tax abatement calculation, reducing their tax burden.90% confidence ✓ HousingSupports HousingBill enables seniors/disabled tenants in rent-regulated housing to use pension/benefit income for tax abatement, reducing housing costs and strengthening tenant affordability protections in existing regulated units.95% confidence

Sub-Topics Pensions Property Tax Tax Incentives Property Taxes Renters

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in committee · New York · Assembly Jan 7, 2026

A 3812: Relates to the taxation of property owned by a cooperative corporation

This bill modifies property tax rules for cooperative corporations and condominiums. It allows eligible properties (owned by cooperatives or on a condo basis in a municipality) to avoid certain tax provisions if the owner adopts a local law or resolution before the tax assessment date. However, this exemption does not apply to properties already taxed under those rules before January 1, 2027, or those in affordable housing programs with federal/state/local housing agreements. The changes apply to tax assessments starting January 1, 2027.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for cooperative/condo properties, reducing tax burden (tax relief) for eligible owners, aligning with support indicators.90% confidence ✓ HousingSupports HousingExcludes affordable housing programs from tax changes, protecting existing affordable units from potential tax increases under the bill's provisions.90% confidence

Sub-Topics Property Tax Affordable Housing Property Taxes

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in committee · New York · Assembly Jan 7, 2026

A 5232: Relates to implementing automatic enrollment for the tax abatement program for rent-controlled and rent-regulated property occupied by senior citizens

Implements automatic enrollment for the tax abatement program for rent-controlled and rent-regulated property occupied by senior citizens; provides for a check box for a taxpayer to opt-out of data sharing and automatic enrollment on their tax return.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief for seniors via automatic enrollment in tax abatement program for rent-controlled properties, targeting lower-income renters.90% confidence ✓ HousingSupports HousingAutomatically enrolls senior renters in tax abatement program, maintaining rent-controlled affordability and protecting vulnerable tenants through property tax incentives.95% confidence

Sub-Topics Tax Incentives Property Taxes Renters

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in committee · New York · Senate Jan 7, 2026

S 4586: Permits a real property tax freeze to be granted to certain persons sixty-five years of age or older

This bill allows cities with over 1 million residents to offer a real property tax freeze to homeowners aged 65 or older who own and occupy their primary residence (including single-family homes, farms, or condo/co-op units). To qualify, applicants must have gross income under $58,400 annually (including Social Security and retirement income but excluding gifts or inheritances) and apply yearly. If approved, the current tax rate is frozen permanently, with the accumulated amount becoming a lien on the property that must be paid if the freeze ends or the property is sold. Surviving spouses aged 62+ retain the freeze after the death of the older spouse, and the freeze expires if the homeowner fails to reapply annually.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief via property tax freeze for seniors with income under $58,400, aligning with tax relief indicators for lower-income groups.90% confidence ✓ HousingSupports HousingProvides tax freeze for seniors on primary residences, reducing housing costs and preventing displacement for low-income elderly homeowners, aligning with affordable housing support.90% confidence

Sub-Topics Property Tax Historic Preservation Homeownership Property Taxes

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in committee · New York · Senate May 13, 2026

S 5662: Relates to authorizing a reduction of taxes pursuant to shelter rent

Relates to authorizing a reduction of taxes pursuant to shelter rent; provides that upon consent of the local legislative body in a city with a population of one million or more such taxes may be reduced to five per centum or less, including a full reduction of the annual shelter rent or carrying charges of a project.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill explicitly authorizes tax reduction on shelter rent projects in NYC, providing direct tax relief which alignates with supporting fiscal responsibility and tax relief policies.95% confidence ✓ HousingSupports HousingBill reduces taxes on housing projects in NYC, lowering costs for affordable housing development and tenant rent, directly advancing housing affordability.90% confidence

Sub-Topics Property Taxes Renters

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