Authorizes the town of Southampton, county of Suffolk, to enact by local law a homestead exemption; provides that such exemption shall not exceed $50,000 in full assessed value.
STATE OF NEW YORK
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3872--A
2023-2024 Regular Sessions
IN ASSEMBLY
February 8, 2023
___________
Introduced by M. of A. THIELE -- read once and referred to the Committee
on Real Property Taxation -- recommitted to the Committee on Real
Property Taxation in accordance with Assembly Rule 3, sec. 2 --
committee discharged, bill amended, ordered reprinted as amended and
recommitted to said committee
AN ACT authorizing the town of Southampton, county of Suffolk, to enact
by a local law a homestead exemption
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Notwithstanding any provision of law to the contrary, the
2 town of Southampton, county of Suffolk may enact by local law a home-
3 stead exemption from real property taxation as provided herein. Eligi-
4 bility for such homestead exemption shall be the same as for the basic
5 school tax relief (STAR) exemption pursuant to subdivision 3 of section
6 425 of the real property tax law. The exemption shall be uniform for all
7 eligible real property and shall not exceed $50,000 in full assessed
8 value.
9 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD04835-02-4
