Budget & Taxes (Property Tax)

in committee · New York · Assembly Jan 7, 2026

A 7652: Relates to the real property tax circuit breaker credit

Increases the real property tax circuit breaker credit income limits to $100,000; removes real property tax rebates from real property taxes that qualify under such credit.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases income limits for property tax circuit breaker credit, expanding tax relief for lower-income homeowners.90% confidence ✓ HousingSupports HousingIncreases property tax credit income limits, expanding financial relief for homeowners and supporting housing affordability through tax policy.85% confidence

Sub-Topics Property Tax 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 3186: Provides that the amount of a STAR real property tax savings may not be less than the amount of the STAR real property tax savings from the previous year

Provides that the amount of a STAR real property tax savings may not be less than the amount of the STAR real property tax savings from the previous year.

Topics ✓ Budget & TaxesSupports Budget & TaxesPrevents reduction in STAR tax savings, protecting property tax relief for eligible homeowners (middle-income seniors/low-income residents).95% confidence

Sub-Topics Property Tax

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in committee · New York · Senate Jan 7, 2026

S 4742: Relates to a real property tax exemption for property owned by active duty service members

Provides a real property tax exemption for property owned by active duty service members of the armed forces of the United States in taxing jurisdictions which elect to provide a veterans exemption.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax exemption for active duty service members, directly reducing property tax liability (tax relief) for a specific group, aligning with support indicators.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Assembly Jan 7, 2026

A 6548: Establishes broadband opportunity areas

Provides for real property tax exemptions for last mile broadband infrastructure constructed, altered, installed or improved in an area designated a broadband opportunity area.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides real property tax exemptions for broadband infrastructure, reducing tax burden to promote deployment, aligning with fiscal support for essential services.90% confidence ✓ TechnologySupports TechnologyProvides tax exemptions to incentivize broadband infrastructure deployment in underserved areas, directly expanding internet access.95% confidence

Sub-Topics Property Tax Tax Incentives Broadband Access Telecommunications

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in committee · New York · Assembly Jan 7, 2026

A 7573: Permits a real property tax freeze to be granted to persons sixty-five years of age or older

This bill allows homeowners aged 65 or older (or qualifying spouses/siblings where one is 65+) to freeze their real property taxes on primary residences, including single-family homes, farms, or condo/co-op units. The tax amount is frozen at the level when the annual application is submitted, with the freeze continuing each year if reapplication occurs. Surviving spouses remain eligible after a spouse's death (if at least 62), and medical absences waive occupancy requirements. Applications must be submitted yearly by the owner, with municipalities required to notify residents 60 days before renewal deadlines.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax freeze for seniors (65+), reducing tax burden on lower-income retirees, aligning with tax relief for vulnerable groups.95% confidence

Sub-Topics Property Tax

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in committee · New York · Assembly Jan 7, 2026

A 3864: Relates to a real property tax exemption for property owned by active duty service members

Provides a real property tax exemption for property owned by active duty service members of the armed forces of the United States in taxing jurisdictions which elect to provide a veterans exemption.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides real property tax exemption for military, reducing tax burden. Aligns with tax relief indicator for Budget & Taxes policy.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · New York · Senate Mar 6, 2025

S 6211: Relates to tax abatements for building owners in a city having a population of one million or more who complete exterior repairs

This bill, S 6211 (the "RESTORE Act"), offers property tax abatements to building owners in New York City (population over 1 million) who complete required facade repairs and remove associated scaffolding/sidewalk sheds within specific timeframes. Owners who finish repairs and remove scaffolding within three months receive a 50% tax abatement on repair costs or property taxes (whichever is lower), with the abatement decreasing to 5% if completed within 12 months. Building owners who fail to complete repairs and remove scaffolding within 18 months face penalties of 10% plus 2% per additional month (capped at 25% of property taxes). The program applies to repairs mandated under NYC's 1998 facade safety law, aiming to reduce prolonged sidewalk obstructions while easing financial burdens on owners.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides property tax abatements (reducing tax burden) for NYC building owners completing facade repairs, directly addressing tax policy as a fiscal incentive.95% confidence

Sub-Topics Property Tax Tax Incentives

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passed · New York · Senate Jun 2, 2026

S 2321: Relates to authorizing the city of Albany to add unpaid housing code violation penalties, costs and fines to such city's annual tax levy

This bill allows the city of Albany to add unpaid housing, building, and fire code violation penalties, costs, and fines to its annual property tax levy. It applies only to properties where violations have been legally adjudicated, remain unpaid for one year, and total at least 5% of the property's tax value. The city must notify owners, offer redemption options before foreclosure, and provide tenant assistance programs for renters in affected properties. Crucially, it excludes owner-occupied primary residences and requires the city to develop tenant relocation support before tax foreclosure. The policy changes how Albany collects unpaid housing code debts, treating them like property taxes for collection purposes.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill enables cities to collect unpaid fines via tax levies, promoting fiscal responsibility in revenue collection without new taxes or defunding.90% confidence

Sub-Topics Property Tax

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vetoed · New York · Assembly Dec 19, 2025

A 2177: Removes emergency medical services from the limit on real property tax levies by local governments

This bill (A 2177) removes the cost of emergency medical services (EMS) from the property tax levy limit that local governments (like cities and towns) must follow. It directly affects municipalities that fund EMS services, allowing them to cover these costs without triggering the tax cap. The key change adds a specific exemption in law, so EMS expenditures no longer count toward the maximum tax levy allowed under current rules. This provides local governments with more budget flexibility for essential emergency response services.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts EMS costs from tax levy cap, increasing budget flexibility for essential public services without raising taxes.90% confidence ✓ HealthcareSupports HealthcareExempts EMS costs from tax limits, enabling stable local funding for emergency medical services, directly supporting healthcare delivery.90% confidence

Sub-Topics Property Tax

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