Housing (Property Taxes)

in committee · New York · Senate May 14, 2026

S 574: Establishes the end predatory home flipping act

Establishes the end predatory home flipping act; imposes a tax on the transfer of certain residential properties which are sold within two years of the prior conveyance of such property; exempts certain purchases of residential properties from mortgage recording taxes; imposes a tax on the transfer of certain properties in the city of New York which are sold for one million dollars or more.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes tax on short-term property flips (closing loophole) and exempts certain purchases, promoting fiscal responsibility through targeted taxation.90% confidence ✓ HousingSupports HousingTax on rapid property flips targets speculative practices that inflate housing costs, potentially increasing affordability by curbing short-term price spikes.85% confidence

Sub-Topics Mortgages Property Taxes

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in committee · New York · Assembly Jan 7, 2026

A 1805: Raises the income eligibility for senior citizens and disabled residents

This bill raises the income limit for senior citizens (62+) and disabled residents to qualify for property tax abatements under New York's real property tax law. It increases the maximum combined household income from $50,000 to $75,000 for both groups, effective July 1, 2025. The change directly affects seniors and disabled residents whose household income falls below this new threshold, allowing them to maintain tax abatements they previously lost at higher income levels. The bill amends existing tax law provisions to adjust these income limits annually, with the $75,000 standard replacing the prior $50,000 limit.

Topics ✓ Budget & TaxesSupports Budget & TaxesRaises income threshold for property tax abatements, expanding tax relief for seniors/disabled residents under $75k household income. Directly provides tax relief for lower-income groups.95% confidence ✓ HousingSupports HousingExpands tax abatement eligibility for seniors/disabled, increasing affordable housing access by lowering property tax burden for qualifying households.90% confidence

Sub-Topics Property Tax Property Taxes

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passed · New York · Senate Jun 9, 2025

S 6166: Relates to delinquent tax interest rates

This bill sets a maximum 16% annual interest rate and a minimum 2% annual interest rate on late payments for residential property taxes, replacing higher local rates. It applies to residential properties including condos and co-ops, but excludes vacant and abandoned properties listed on a statewide registry. The interest rate will be tied to the prime rate (as defined by the commissioner), with the initial rate based on 2026 data and updated every five years. This limits how much interest homeowners can be charged on overdue residential tax bills, ensuring rates stay within the 2%-16% range.

Topics ✓ Budget & TaxesSupports Budget & TaxesCaps delinquent tax interest rates for residential properties, limiting penalties and providing relief to homeowners.95% confidence ✓ HousingSupports HousingCapping delinquent tax interest rates protects homeowners from excessive financial burden, supporting housing stability and property rights as part of affordable housing policy.85% confidence

Sub-Topics Property Tax Property Taxes

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in committee · New York · Assembly Jan 7, 2026

A 9116: Relates to the collection of monies owed for unpaid real property tax liens and water and sewer charges; establishes the homeowner protection fund; repealer

Relates to the collection of monies owed for unpaid real property tax liens and water and sewer charges; establishes the homeowner protection fund; prohibits municipalities from conveying tax liens on real property to any private entity, trust, or third-party servicer; repeals certain provisions relating to foreclosure of real property tax liens.

Topics ✓ HousingSupports HousingBill prohibits municipalities from selling tax liens to private entities and establishes homeowner protection fund, preventing foreclosure-related housing loss and protecting property rights.85% confidence

Sub-Topics Homeownership Mortgages Property Taxes

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in committee · New York · Senate Jan 7, 2026

S 1147: Creates an enhanced real property tax circuit breaker credit

S 1147 creates a new tax credit for New York City residents (population over 1 million) who own or rent their primary home. The credit reduces state tax liability based on a portion of property taxes paid, after subtracting a threshold amount tied to household income. Eligibility requires living in the home for six+ months, meeting income limits, and filing state taxes. The credit applies only to property taxes on primary residences within NYC, with specific definitions for household income and tax calculations.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates income-based property tax credit reducing state tax liability for NYC homeowners, providing direct tax relief to eligible residents per bill's summary.95% confidence ✓ HousingSupports HousingBill provides tax credit reducing property tax burden for NYC primary residents, lowering housing costs and increasing affordability for qualifying homeowners/renters.90% confidence

Sub-Topics Property Tax Tax Credits Property Taxes Renters

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in committee · New York · Senate Jan 7, 2026

S 6781: Relates to the payment of arrears for certain taxes and placing limitations on housing development fund company regulatory agreements

Modifies certain eligibility requirements; extends the time period for the payment of arrears for certain taxes; places limitations on housing development fund company regulatory agreements.

Topics ✗ HousingOpposes HousingPlaces limitations on housing development fund regulatory agreements, restricting development flexibility per bill summary.85% confidence

Sub-Topics Property Development Property Taxes

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in committee · New York · Assembly May 7, 2026

A 5959: Provides for direct-pay tax abatement credits for solar electric generating systems and electric energy storage systems in connection with eligible buildings

Provides for direct-pay tax abatement credits for solar electric generating systems and electric energy storage systems in connection with eligible buildings; provides such eligible properties shall include: 501(c)(3) corporations, associations, organizations or trusts and income-restricted affordable housing properties.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax abatement credits for solar systems in affordable housing and nonprofits, offering tax relief for lower-income housing and green energy initiatives.95% confidence ✓ EnergySupports EnergyProvides tax credits for solar and storage systems, directly promoting renewable energy adoption and clean energy infrastructure investment.95% confidence ✓ EnvironmentSupports EnvironmentProvides tax credits for solar/energy storage systems, directly promoting clean energy adoption and reducing carbon emissions per bill's focus on renewable infrastructure.95% confidence ✓ HousingSupports HousingBill explicitly includes income-restricted affordable housing properties as eligible for tax abatement credits, directly funding affordable housing development.95% confidence

Sub-Topics Tax Incentives Energy Storage Solar Affordable Housing Property Taxes

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in committee · New York · Senate Jan 7, 2026

S 2220: 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 abatement (reduction) for seniors in rent-controlled housing, offering tax relief to lower-income seniors through automatic enrollment.90% confidence ✓ HousingSupports HousingBill automatically enrolls seniors in tax abatement for rent-controlled housing, reducing property tax burdens to maintain affordability and prevent rent increases.95% confidence

Sub-Topics Tax Incentives Property Taxes Renters

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in committee · New York · Assembly Jan 7, 2026

A 1877: Grants real property tax abatement to rent-controlled or rent regulated properties when the maximum authorized rent exceeds 1/2 of the tenants' household income

Authorizes application of the property tax abatement for rent-controlled or rent regulated properties occupied by senior citizens or disabled persons, to those units occupied by tenants paying the maximum allowable rent when such rent exceeds 1/2 of the household income; provides for state payments to cities affected thereby equal to 10% of lost real property tax revenue.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax abatement for low-income tenants (rent >50% income) with state compensation for cities' lost revenue, aligning with tax relief for lower-income households.95% confidence ✓ HousingSupports HousingProvides tax abatement for rent-controlled units where rent exceeds 50% of tenant income, protecting low-income seniors/disabled tenants from unaffordable rents while compensating cities for lost revenue.95% confidence

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

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in committee · New York · Senate Jan 7, 2026

S 7209: Increases the maximum qualifying income for the senior citizen homeowner's exemption and the disabled homeowner's exemption

Increases the maximum qualifying income for the senior citizen homeowner's exemption and the disabled homeowner's exemption to $70,000 in the city of New York.

Topics ✓ HousingSupports HousingIncreases tax exemption income threshold for seniors/disabled homeowners, reducing property tax burden and supporting housing affordability for vulnerable groups in NYC.90% confidence

Sub-Topics Homeownership Property Taxes

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