Directing the state board of real property tax services to conduct a study on real property tax saturation

This bill directs New York's State Board of Real Property Tax Services to study how high levels of tax-exempt property (like parks, nonprofits, or government buildings) affect local communities. The study will examine the percentage of tax-exempt land in each county, its impact on housing, small businesses, jobs, population, and parkland in counties with the highest exemption rates over five years, and explore policy changes to reduce tax burdens on taxable properties. The board must report findings and recommendations to state leaders within one year. The bill expires after two years or when the report is delivered, whichever comes first.