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A 5149 New York Assembly · 2025 Regular Session

Relates to school property and real property taxes

Summary
Relates to school property and real property taxes; establishes the blue ribbon commission on property tax reform; relates to state assistance for local real property reassessment, state assistance to assessing units within a school district, providing a fixed real property assessed value for residential real property owned by certain persons over the age of 65 and providing state reimbursement to municipalities for lost real property tax revenue; requires the state to fund certain programs mandated for municipal corporations or school districts.
Issues: ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief for seniors via fixed assessed value and requires state reimbursement for municipal revenue loss, strengthening fiscal management.95% confidence ✓ EducationSupports EducationBill provides state reimbursement to municipalities for lost property tax revenue, preventing school funding shortfalls and stabilizing education finance through tax reform mechanisms.85% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 12, 2025 Last action Jan 7, 2026
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
2
Jan 7, 2026
Committee
REFERRED TO EDUCATION
lower
Feb 12, 2025
Committee
REFERRED TO EDUCATION
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Karl Brabenec
Karl Brabenec
RRepublican
NY
98