What's happening
This bill gradually increases the maximum income eligibility levels for seniors to receive real property tax exemptions in New York.
Why it matters
Expands property tax relief to more seniors over time. By steadily raising the maximum income thresholds year by year, the bill allows a growing number of seniors to qualify for property tax exemptions, potentially making housing more affordable for those on fixed or modest incomes.
Implements a phased approach to eligibility. The changes are structured in annual increments from 2019 through 2022 and beyond. This gradual rollout gives local governments and taxpayers time to adjust budgets and expectations, and avoids sudden fiscal impacts.
Creates more nuanced exemption levels. The legislation increases the number of income brackets and exemption percentages, allowing for a fairer, more fine-tuned system where the amount of property tax relief better matches a senior's income level.
Empowers local control and flexibility. Municipalities retain the authority to adopt or amend local laws to implement these new exemption levels, which means the actual benefits seniors receive may vary by locality depending on local fiscal conditions and policy choices.
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Raise Tax Breaks for Seniors
Plain English, a few words. Used as the page title.
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History
- Referred to aging
- Referred to aging
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Expand Senior Tax Exemptions
In Senate Committee · Aging · Sponsor Martin J. Golden
Full text
5 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
7544
2017-2018 Regular Sessions
IN ASSEMBLY
May 1, 2017
Introduced by M. of A. LUPARDO -- read once and referred to the Committee on Aging
AN ACT to amend the real property tax law, in relation to increasing maximum income eligibility levels for real property tax exemptions for seniors
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Subparagraph 1 of paragraph (b) of subdivision 1 of section 467 of the real property tax law, as amended by chapter 261 of the laws of 1994, is amended to read as follows:
(1) [Any] Prior to July first, two thousand nineteen, any local law, ordinance or resolution adopted pursuant to paragraph (a) of this subdivision may be amended, or a local law, ordinance or resolution may be adopted, to provide an exemption so as to increase the maximum income eligibility level of such municipal corporation as provided in subdivision three of this section (represented in the hereinbelow schedule as M), to the extent provided in the following schedule:
ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
EXEMPT FROM TAXATION
More than (M) but
less than (M+ $1,000) 45 per centum (M+ $1,000 or more) but
less than (M+ $2,000) 40 per centum (M+ $2,000 or more) but
less than (M+ $3,000) 35 per centum (M+ $3,000 or more) but
less than (M+ $3,900) 30 per centum (M+ $3,900 or more) but
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD03631-01-7
A. 7544 2
less than (M+ $4,800) 25 per centum (M+ $4,800 or more) but
less than (M+ $5,700) 20 per centum
§ 2. Paragraphs (c) and (d) of subdivision 1 of section 467 of the real property tax law are relettered paragraphs (g) and (h) and four new paragraphs (c), (d), (e) and (f) are added to read as follows:
(c) On and after July first, two thousand nineteen and before July first, two thousand twenty, (1) Any local law, ordinance or resolution adopted pursuant to paragraph (a) of this subdivision may be amended, or a local law, ordinance or resolution may be adopted, to provide an exemption so as to increase the maximum income eligibility level of such municipal corporation as provided in subdivision three of this section (represented in the hereinbelow schedule as M), to the extent provided in the following schedule: ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
EXEMPT FROM TAXATION More than (M) but less than (M+ $1,250) 45 per centum (M+ $1,250 or more) but less than (M+ $2,500) 40 per centum (M+ $2,500 or more) but less than (M+ $3,750) 35 per centum (M+ $3,750 or more) but less than (M+ $4,875) 30 per centum (M+ $4,875 or more) but less than (M+ $6,000) 25 per centum (M+ $6,000 or more) but less than (M+ $7,125) 20 per centum
(2) Any local law, ordinance or resolution adopted pursuant to subparagraph one of this paragraph may be amended, or a local law, ordinance or resolution may be adopted, to provide an exemption so as to increase the maximum income eligibility level of such municipal corporation as provided in subdivision three of this section (represented in the hereinbelow schedule as M), and as increased as provided for in such subparagraph one to the extent provided in the following schedule:
ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
EXEMPT FROM TAXATION
(M+ $7,125 or more) but less than (M+ $8,250) 15 per centum (M+ $8,250 or more) but less than (M+ $9,375) 10 per centum
(3) Any local law, ordinance or resolution adopted pursuant to subparagraphs one and two of this paragraph may be amended, or a local law, ordinance or resolution may be adopted, to provide an exemption so as to increase the maximum income eligibility level of such municipal corporation as provided in subdivision three of this section (represented in the hereinbelow schedule as M), and as increased as provided for in such subparagraph one to the extent provided in the following schedule:
ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
EXEMPT FROM TAXATION
A. 7544 3
(M+ $9,375 or more) but less than (M+ $10,500) 5 per centum
(d) On and after July first, two thousand twenty and before July first, two thousand twenty-one, (1) Any local law, ordinance or resolution adopted pursuant to paragraph (a) of this subdivision may be amended, or a local law, ordinance or resolution may be adopted, to provide an exemption so as to increase the maximum income eligibility level of such municipal corporation as provided in subdivision three of this section (represented in the hereinbelow schedule as M), to the extent provided in the following schedule:
ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
EXEMPT FROM TAXATION
More than (M) but 45 per centum less than (M+ $1,500) (M+ $1,500 or more) but 40 per centum less than (M+ $3,000) (M+ $3,000 or more) but less than (M+ $4,500) 35 per centum (M+ $4,500 or more) but less than (M+ $5,850) 30 per centum (M+ $5,850 or more) but less than (M+ $7,200) 25 per centum (M+ $7,200 or more) but less than (M+ $8,550) 20 per centum
(2) Any local law, ordinance or resolution adopted pursuant to subparagraph one of this paragraph may be amended, or a local law, ordinance or resolution may be adopted, to provide an exemption so as to increase the maximum income eligibility level of such municipal corporation as provided in subdivision three of this section (represented in the hereinbelow schedule as M), and as increased as provided for in such subparagraph one to the extent provided in the following schedule:
ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
EXEMPT FROM TAXATION (M+ $8,550 or more) but less than (M+ $9,900) 15 per centum (M+ $9,900 or more) but less than (M+ $11,250) 10 per centum
(3) Any local law, ordinance or resolution adopted pursuant to subparagraphs one and two of this paragraph may be amended, or a local law, ordinance or resolution may be adopted to provide an exemption so as to increase the maximum income eligibility level of such municipal corporation as provided in subdivision three of this section (represented in the hereinbelow schedule as M), and as increased as provided for in such subparagraph one to the extent provided in the following schedule: ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
EXEMPT FROM TAXATION
(M+ $11,250 or more) but less than (M+ $12,600) 5 per centum
A. 7544 4
(e) On and after July first, two thousand twenty-one and before July first, two thousand twenty-two, (1) Any local law, ordinance or resolution adopted pursuant to paragraph (a) of this subdivision may be amended, or a local law, ordinance or resolution may be adopted, to provide an exemption so as to increase the maximum income eligibility level of such municipal corporation as provided in subdivision three of this section (represented in the hereinbelow schedule as M), to the extent provided in the following schedule:
ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
EXEMPT FROM TAXATION More than (M) but less than (M+ $1,750) 45 per centum
(M+ $1,750 or more) but less than (M+ $3,500) 40 per centum
(M+ $3,500 or more) but less than (M+ $5,250) 35 per centum
(M+ $5,250 or more) but less than (M+ $6,825) 30 per centum
(M+ $6,825 or more) but less than (M+ $8,400) 25 per centum
(M+ $8,400 or more) but less than (M+ $9,975) 20 per centum
(2) Any local law, ordinance or resolution adopted pursuant to subparagraph one of this paragraph may be amended, or a local law, ordinance or resolution may be adopted, to provide an exemption so as to increase the maximum income eligibility level of such municipal corporation as provided in subdivision three of this section (represented in the hereinbelow schedule as M), and as increased as provided for in such subparagraph one to the extent provided in the following schedule:
ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
EXEMPT FROM TAXATION (M+ $9,975 or more) but less than (M+ $11,550) 15 per centum (M+ $11,550 or more) but less than (M+ $13,125) 10 per centum
(3) Any local law, ordinance or resolution adopted pursuant to subparagraphs one and two of this paragraph may be amended, or a local law, ordinance or resolution may be adopted, to provide an exemption so as to increase the maximum income eligibility level of such municipal corporation as provided in subdivision three of this section (represented in the hereinbelow schedule as M), and as increased as provided for in such subparagraph one to the extent provided in the following schedule:
ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
EXEMPT FROM TAXATION (M+ $13,125 or more) but less than (M+ $14,700) 5 per centum
A. 7544 5
(f) On and after July first, two thousand twenty-two, (1) Any local law, ordinance or resolution adopted pursuant to paragraph (a) of this subdivision may be amended, or a local law, ordinance or resolution may be adopted, to provide an exemption so as to increase the maximum income eligibility level of such municipal corporation as provided in subdivision three of this section (represented in the hereinbelow schedule as M), to the extent provided in the following schedule: ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
EXEMPT FROM TAXATION More than (M) but less than (M+ $2,000) 45 per centum (M+ $2,000 or more) but less than (M+ $4,000) 40 per centum (M+ $4,000 or more) but less than (M+ $6,000) 35 per centum (M+ $6,000 or more) but less than (M+ $7,800) 30 per centum (M+ $7,800 or more) but less than (M+ $9,600) 25 per centum (M+ $9,600 or more) but less than (M+ $11,400) 20 per centum
(2) Any local law, ordinance or resolution adopted pursuant to subparagraph one of this paragraph may be amended, or a local law, ordinance or resolution may be adopted, to provide an exemption so as to increase the maximum income eligibility level of such municipal corporation as provided in subdivision three of this section (represented in the hereinbelow schedule as M), and as increased as provided for in such subparagraph one to the extent provided in the following schedule:
ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
EXEMPT FROM TAXATION (M+ $11,400 or more) but less than (M+ $13,200) 15 per centum (M+ $13,200 or more) but less than (M+ $15,000) 10 per centum
(3) Any local law, ordinance or resolution adopted pursuant to subparagraphs one and two of this paragraph may be amended, or a local law, ordinance or resolution may be adopted, to provide an exemption so as to increase the maximum income eligibility level of such municipal corporation as provided in subdivision three of this section (represented in the hereinbelow schedule as M), and as increased as provided for in such subparagraph one to the extent provided in the following schedule:
ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
EXEMPT FROM TAXATION (M+ $15,000 or more) but less than (M+ $16,800) 5 per centum
§ 3. This act shall take effect immediately.
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