What's happening
This bill increases property tax exemptions for seniors in New York, with larger exemptions granted as seniors age.
Why it matters
Creates a tiered property tax exemption for seniors. The bill introduces a system where the amount of property tax relief increases as a homeowner ages, providing more assistance to older seniors.
Targets financial relief to those likely most in need. By scaling exemptions according to age, the bill acknowledges that the oldest seniors may face higher medical, home maintenance, and living expenses, or have fewer earning opportunities.
May help seniors remain in their homes longer. By reducing the property tax burden as people age, the bill could help seniors on fixed incomes avoid displacement or financial hardship, supporting aging-in-place and stability in communities.
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Who cares
Headline styles
Increase STAR Tax Breaks for Seniors
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Referred to real property taxation
- Reference changed to real property taxation
- Referred to aging
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
6995
2017-2018 Regular Sessions
IN ASSEMBLY
March 29, 2017
Introduced by M. of A. BARNWELL -- read once and referred to the Committee on Aging
AN ACT to amend the real property tax law, in relation to a subsequent STAR exemption for persons sixty-five or older
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Section 467 of the real property tax law is amended by adding a new subdivision 9-a to read as follows:
9-a. A senior citizen eligible for the exemption provided for in subdivision one of this section shall, after his or her initial tax exemption is determined, receive a subsequent exemption based on the following:
(a) a senior aged sixty-five to sixty-nine shall be granted a subsequent five hundred dollar exemption;
(b) a senior aged seventy to seventy-four shall be granted a subsequent one thousand dollar exemption;
(c) a senior aged seventy-five to seventy-nine shall be granted a subsequent one thousand five hundred dollar exemption;
(d) a senior aged eighty to eighty-four shall be granted a subsequent two thousand dollar exemption;
(e) a senior aged eighty-five to eighty-nine shall be granted a subsequent two thousand five hundred dollar exemption; and
(f) a senior aged ninety and older shall be granted a subsequent three thousand dollar exemption.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD10772-01-7
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.