Housing (Property Taxes)

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 20, 2026

S 852: Enacts the "homebuyer renovation property tax exemption act"

Enacts the "homebuyer renovation property tax exemption act" to grant an exemption of up to fifteen thousand dollars from taxation levied by or on behalf of any county, city, town, village or school district in which such residential property is located for a period of five years from the date of purchase of the property; defines "primary residential property".

Topics ✓ Budget & TaxesSupports Budget & TaxesGrants $15k property tax exemption for 5 years, providing direct tax relief to homebuyers, aligning with tax relief support indicators.95% confidence ✓ HousingSupports HousingTax exemption reduces purchase cost for homebuyers, promoting homeownership affordability as a housing support measure.92% confidence

Sub-Topics Property Tax Tax Incentives Homeownership Property Taxes

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in committee · New York · Assembly Jan 7, 2026

A 7066: Provides for the imposition of a fine for the failure of a cooperative apartment corporation to credit the STAR exemption to the tenant-stockholders thereof

Provides for the imposition of a fine for the failure of a cooperative apartment corporation to credit the STAR exemption to the tenant-stockholders thereof.

Topics ✓ HousingSupports HousingEnsures tenant-stockholders receive STAR tax benefits, protecting tenant financial rights and promoting affordability in co-op housing.90% confidence

Sub-Topics Property Taxes

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in committee · New York · Assembly Jan 7, 2026

A 7494: Relates to real property tax lien transfers; repealer

Establishes provisions for real property tax lien transfers to assist homeowners facing foreclosure based on unpaid taxes; repeals existing provisions relating to acceptance of taxes from certain loan corporations.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief for homeowners facing foreclosure due to unpaid taxes, aligning with tax relief indicators for lower/middle income.85% confidence ✓ HousingSupports HousingPrevents foreclosure for homeowners with unpaid taxes, protecting housing stability and property rights per bill's purpose to assist homeowners facing tax-related foreclosure.95% confidence

Sub-Topics Property Tax Mortgages Property Taxes

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in committee · New York · Senate Jan 7, 2026

S 5907: Exempts mortgages of residential real property from taxation when property is purchased by owners receiving state or federal buyout of prior residence destroyed in hurricane Sandy

Exempts mortgages of residential real property from taxation when property is purchased by owners receiving state or federal buyout of their prior residence destroyed in hurricane Sandy.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts mortgages from taxation for Sandy buyout recipients, providing direct tax relief to affected homeowners as a fiscal assistance measure.95% confidence ✓ HousingSupports HousingExempts mortgages for Sandy buyout recipients, reducing housing costs and aiding recovery for displaced homeowners, aligning with affordable housing support.85% confidence

Sub-Topics Property Taxes

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in committee · New York · Senate Jan 7, 2026

S 2373: Sets a 7 year limit to the real property tax exemption for unimproved property of mandatory class nonprofit organizations

This bill limits the real property tax exemption for unimproved land owned by certain nonprofit organizations to a 7-year period. Nonprofits must either begin development or have plans in place within 7 years of acquiring the land (with a special start date for pre-existing land), or lose the exemption. Exceptions apply for children's camps (as defined in public health law) and conservation organizations (as defined in environmental law). The law requires nonprofits to actively develop land within this timeframe to maintain the tax benefit.

Topics ✓ Budget & TaxesSupports Budget & TaxesCloses tax loophole for nonprofit property exemptions, requiring development within 7 years to maintain tax benefit, increasing government revenue.95% confidence ✓ HousingSupports HousingBill requires nonprofits to develop land within 7 years to maintain tax exemption, promoting housing development by preventing land hoarding and encouraging timely use of unimproved property.80% confidence

Sub-Topics Property Tax Tax Incentives Property Development Property Taxes

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in committee · New York · Assembly Jan 7, 2026

A 5598: Extends the effectiveness of certain provisions dealing with tax exemptions for rent regulated properties occupied by certain persons

Extends the effectiveness of certain provisions dealing with tax exemptions for rent regulated properties occupied by senior citizens and persons with disabilities.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends tax exemptions for seniors/disabled, reducing their tax burden - direct tax relief for vulnerable groups per Budget & Taxes indicators.95% confidence ✓ HousingSupports HousingExtends tax exemptions for rent-regulated properties occupied by seniors/disabled, preserving affordable housing units and supporting vulnerable tenants through sustained affordability mechanisms.95% confidence

Sub-Topics Property Taxes Renters

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in committee · New York · Senate Jan 27, 2026

S 1131: Authorizes municipalities to develop and implement a plan for local land value taxation

Authorizes municipalities to develop and implement a plan for local land value taxation based on classes of land; allows real estate to be classified as land or land exclusive of buildings and buildings on land.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes pilot program for land value taxation, a tax policy reform promoting alternative revenue sources and fiscal responsibility.95% confidence ✓ HousingSupports HousingLand value taxation incentivizes housing development by reducing land costs for builders, potentially increasing affordable housing supply through pilot program implementation.85% confidence

Sub-Topics Sales Tax Tax Incentives Property Taxes

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in committee · New York · Assembly Jan 7, 2026

A 4778: Requires the state to reimburse municipalities for loss of real property tax revenue resulting from establishment of community residential facilities

Requires the state to reimburse municipalities for loss of real property tax revenue resulting from the establishment of community residential facilities for the disabled.

Topics ✓ Budget & TaxesSupports Budget & TaxesMandates state reimbursement for municipal property tax revenue loss, protecting local budgets from fiscal impact of state-mandated facilities.90% confidence ✓ HousingSupports HousingReimburses municipalities for tax loss from disabled housing facilities, enabling development and supporting affordable housing access for vulnerable populations.85% confidence

Sub-Topics Property Tax Revenue Property Taxes

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in committee · New York · Senate Jun 11, 2025

S 7543: Authorizes New Hour for Women and Children LI, Inc. to receive retroactive real property tax exempt status

Authorizes New Hour for Women and Children LI, Inc. to receive a real property tax exemption for the 2022-2023, 2023-2024 and 2024-2025 assessment rolls.

Topics ✓ HousingSupports HousingGrants tax exemption to nonprofit providing housing services for women/children, enabling affordable housing access through reduced operational costs.85% confidence

Sub-Topics Property Taxes

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