Provides that each county, city, town or village may adopt a local law, and each school district may adopt a resolution, that provides qualified applicants with a supplemental exemption from taxation to the extent of five hundred dollars.
STATE OF NEW YORK
________________________________________________________________________
2289
2023-2024 Regular Sessions
IN ASSEMBLY
January 25, 2023
___________
Introduced by M. of A. NORRIS -- read once and referred to the Committee
on Veterans' Affairs
AN ACT to amend the real property tax law, in relation to providing a
supplemental exemption from taxation
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Paragraph (a) and subparagraph (iii) of paragraph (c) of
2 subdivision 2 of section 458-b of the real property tax law, paragraph
3 (a) as amended by chapter 253 of the laws of 2016, subparagraph (iii) of
4 paragraph (c) as amended by chapter 290 of the laws of 2017, are amended
5 to read as follows:
6 (a) Each county, city, town or village may adopt a local law, and each
7 school district may adopt a resolution, to provide that qualifying resi-
8 dential real property shall be exempt from taxation to the extent of
9 either: (i) ten percent of the assessed value of such property; provided
10 however, that such exemption shall not exceed eight thousand dollars or
11 the product of eight thousand dollars multiplied by the latest state
12 equalization rate of the assessing unit, or, in the case of a special
13 assessing unit, the latest class ratio, whichever is less or; (ii)
14 fifteen percent of the assessed value of such property; provided howev-
15 er, that such exemption shall not exceed twelve thousand dollars or the
16 product of twelve thousand dollars multiplied by the latest state equal-
17 ization rate for the assessing unit, or, in the case of a special
18 assessing unit, the latest class ratio, whichever is less. In addition,
19 each county, city, town or village may adopt a local law, and each
20 school district may adopt a resolution, that provides qualified appli-
21 cants with a supplemental exemption from taxation to the extent of five
22 hundred dollars.
23 (iii) The exemption provided by paragraph (a) of this subdivision
24 shall be granted [for a period of ten years] and remain in effect pursu-
25 ant to the adoption of a local law or resolution unless repealed by the
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD00642-01-3
A. 2289 2
1 provisions set forth in subdivision five of this section. The commence-
2 ment of such [ten year period] real property tax exemption shall be
3 governed pursuant to this subparagraph. Where a qualified owner owns
4 qualifying residential real property on the effective date of the local
5 law or resolution providing for such exemption, such [ten year period]
6 exemption shall [be measured] take effect from the assessment roll
7 prepared pursuant to the first taxable status date occurring on or after
8 the effective date of the local law or resolution providing for such
9 exemption. Where a qualified owner does not own qualifying residential
10 real property on the effective date of the local law or resolution
11 providing for such exemption, such [ten year period] exemption shall [be
12 measured] take effect from the assessment roll prepared pursuant to the
13 first taxable status date occurring at least sixty days after the date
14 of purchase of qualifying residential real property; provided, however,
15 that should the veteran apply for and be granted an exemption on the
16 assessment roll prepared pursuant to a taxable status date occurring
17 within sixty days after the date of purchase of residential real proper-
18 ty, such [ten year period] exemption shall [be measured] take effect
19 from the first assessment roll in which the exemption occurs. If[,
20 before the expiration of such ten year period,] such exempt property is
21 sold and replaced with other residential real property, such exemption
22 may be granted pursuant to this subdivision for the [unexpired] portion
23 of the [ten year exemption] remaining assessment roll period[, provided
24 however, that notwithstanding the ten year limitation imposed by the
25 foregoing provisions of this subparagraph, a county, city, town, village
26 or school district that has adopted a local law or resolution pursuant
27 to paragraph (a) of this subdivision may adopt a local law or resolution
28 providing that the exemption authorized by this section shall apply to
29 qualifying owners of qualifying real property for as long as they remain
30 qualifying owners, without regard to such ten year limitation]. Each
31 county, city, town or village may adopt a local law, and each school
32 district may adopt a resolution, to reduce the maximum exemption allow-
33 able in paragraphs (a) and (b) of this subdivision to six thousand
34 dollars, nine thousand dollars and thirty thousand dollars, respective-
35 ly, or four thousand dollars, six thousand dollars and twenty thousand
36 dollars, respectively. Each county, city, town, or village is also
37 authorized to adopt a local law, and each school district may adopt a
38 resolution, to increase the maximum exemption allowable in paragraphs
39 (a) and (b) of this subdivision to ten thousand dollars, fifteen thou-
40 sand dollars and fifty thousand dollars, respectively; twelve thousand
41 dollars, eighteen thousand dollars and sixty thousand dollars, respec-
42 tively; fourteen thousand dollars, twenty-one thousand dollars and
43 seventy thousand dollars, respectively; sixteen thousand dollars, twen-
44 ty-four thousand dollars and eighty thousand dollars, respectively;
45 eighteen thousand dollars, twenty-seven thousand dollars and ninety
46 thousand dollars, respectively; twenty thousand dollars, thirty thousand
47 dollars and one hundred thousand dollars, respectively; twenty-two thou-
48 sand dollars, thirty-three thousand dollars and one hundred ten thousand
49 dollars, respectively; twenty-four thousand dollars, thirty-six thousand
50 dollars and one hundred twenty thousand dollars, respectively; twenty-
51 six thousand dollars, thirty-nine thousand dollars, and one hundred
52 thirty thousand dollars, respectively; twenty-eight thousand dollars,
53 forty-two thousand dollars, and one hundred forty thousand dollars,
54 respectively; and thirty thousand dollars, forty-five thousand dollars
55 and one hundred fifty thousand dollars, respectively. In addition, a
56 county, city, town or village which is a "high-appreciation munici-
A. 2289 3
1 pality" as defined in this subparagraph is authorized to adopt a local
2 law, and each school district which is within a high-appreciation muni-
3 cipality is authorized to adopt a resolution, to increase the maximum
4 exemption allowable in paragraphs (a) and (b) of this subdivision to
5 twenty-six thousand dollars, thirty-nine thousand dollars and one
6 hundred thirty thousand dollars, respectively; twenty-eight thousand
7 dollars, forty-two thousand dollars and one hundred forty thousand
8 dollars, respectively; thirty thousand dollars, forty-five thousand
9 dollars and one hundred fifty thousand dollars, respectively; thirty-two
10 thousand dollars, forty-eight thousand dollars and one hundred sixty
11 thousand dollars, respectively; thirty-four thousand dollars, fifty-one
12 thousand dollars and one hundred seventy thousand dollars, respectively;
13 thirty-six thousand dollars, fifty-four thousand dollars and one hundred
14 eighty thousand dollars, respectively; thirty-eight thousand dollars,
15 fifty-seven thousand dollars and one hundred ninety thousand dollars,
16 respectively; forty thousand dollars, sixty thousand dollars and two
17 hundred thousand dollars, respectively; forty-two thousand dollars,
18 sixty-three thousand dollars and two hundred ten thousand dollars,
19 respectively; forty-four thousand dollars, sixty-six thousand dollars
20 and two hundred twenty thousand dollars, respectively; forty-six thou-
21 sand dollars, sixty-nine thousand dollars and two hundred thirty thou-
22 sand dollars, respectively; forty-eight thousand dollars, seventy-two
23 thousand dollars and two hundred forty thousand dollars, respectively;
24 fifty thousand dollars, seventy-five thousand dollars and two hundred
25 fifty thousand dollars, respectively. For purposes of this subpara-
26 graph, a "high-appreciation municipality" means: (A) a special assessing
27 unit that is a city, (B) a county for which the commissioner has estab-
28 lished a sales price differential factor for purposes of the STAR
29 exemption authorized by section four hundred twenty-five of this title
30 in three consecutive years, and (C) a city, town or village which is
31 wholly or partly located within such a county.
32 § 2. This act shall take effect immediately.
