Establishes a real property tax exemption for certain property owners who reside full-time on such property in certain counties; requires that such owners occupy such property as their primary residence and are enrolled in or eligible for the STAR exemption or credit or that such owners rent to a tenant for a term of at least twelve months and such tenant occupies such property as their primary residence.
This bill directs city special assessing units to calculate their 2027 real property tax base proportions by limiting annual increases to a maximum of five percent. Local legislative bodies must finalize these calculations by December 1, 2026, and may need to issue amended tax bills if assessments were already sent out. The law ensures that any increase in tax rates for the upcoming fiscal year remains within this five percent cap while protecting taxpayers from paying on installments due before the new rules take effect.
Authorizes the South End Children's Cafe Inc. to file an application for a retroactive real property tax exemption with the city of Albany assessor for all applicable taxes from the 2025-2026 assessment rolls.
Authorizes the county of Nassau assessor to accept an application for a real property tax exemption from the Lakeview Fire District with respect to the 2025-2026 assessment roll for a portion of the 2025-2026 school taxes and a portion of the 2026 general taxes.
Allows a real property tax exemption for dwelling units constructed for senior citizens or disabled persons receiving social security disability benefits.
This bill authorizes the Church of Pentecost, USA, Inc. to receive a retroactive exemption from real property taxes for a specific parcel of land in Sayville, Suffolk County. The legislation directs the town assessor to treat the church's application as if it had been filed on time, allowing the organization to avoid paying taxes for the 2025-2026 assessment period if it qualifies under existing laws. If the exemption is approved, the town may refund any taxes, fines, or penalties the church previously paid and remove any associated tax liens. The act takes effect immediately upon passage.
This bill creates a new tax credit for homeowners living in specific eligible school districts that adopt budgets meeting strict spending limits. To qualify, a taxpayer must reside in a district with a "freeze-compliant" budget for the fiscal years 2027, 2028, or 2029, which generally means the budget does not exceed a set growth rate. The credit is calculated to offset the portion of property taxes that would normally increase due to approved budget growth, effectively capping the tax hike for qualifying residents. The legislation applies to various local taxing jurisdictions, including counties, towns, and special districts, while excluding large cities with populations of one million or more.
This bill allows the Nassau County tax assessor to process a late application for a real estate tax exemption for the Al-Hikmah Institute Inc. The legislation specifically targets a property located at 120 Hicksville Road in Bethpage, permitting the institute to seek relief on 2024-2025 school taxes and all 2025 general taxes. If the assessor approves the request and the Nassau County legislature agrees, the institute could receive a refund for any taxes already paid on the property. Essentially, the law provides a one-time opportunity for this specific organization to correct a missed filing deadline for a particular parcel.
This bill allows the Town of Wilton Water and Sewer Authority to collect unpaid water and sewer bills by adding them to the town's property tax rolls. It creates a legal lien on the real property of customers who have not paid their charges for at least 90 days, ensuring these debts are collected alongside regular taxes. Under the new rules, the authority's financial officer must submit a list of overdue accounts to the town tax collector annually, who will then include the owed amounts in the next year's tax bills. Penalties and interest on these debts are split between the town and the authority, while the bill takes effect the following January after it is passed.
This bill allows Godschild Outreach Ministries, a non-profit organization in Wyandanch, to receive a retroactive exemption from real property taxes for the 2023-2024 through 2025-2026 tax years. Under the legislation, the town assessor would review the organization's application as if it had been submitted on time, granting tax relief on specific parcels of land if the group qualifies under existing laws. If the exemption is approved, the town may refund any taxes, fines, or penalties previously paid and remove any outstanding tax liens associated with the property. The measure applies only to this specific organization and does not change the general rules for property tax exemptions in the town of Babylon.
