Senate Bill S5175A

2025-2026 Legislative Session

Relates to exemptions from real property taxes for senior citizens

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Aging Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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Bill Amendments

co-Sponsors

2025-S5175 - Details

See Assembly Version of this Bill:
A3698
Current Committee:
Senate Aging
Law Section:
Real Property Tax Law
Laws Affected:
Amd §467, RPT L
Versions Introduced in 2023-2024 Legislative Session:
S8893, A6362

2025-S5175 - Summary

Authorizes localities to provide for an additional real property tax exemption for senior citizens who meet the income eligibility limits and other criteria to the extent of sixty-five percent of the assessed valuation of such real property.

2025-S5175 - Sponsor Memo

2025-S5175 - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5175
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                             February 19, 2025
                                ___________
 
 Introduced  by  Sens.  COMRIE, RHOADS, ROLISON -- read twice and ordered
   printed, and when printed to be committed to the Committee on Aging
 
 AN ACT to amend the real property tax law, in relation to  providing  an
   additional real property tax exemption for certain senior citizens

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph (b) of subdivision 1 of section 467 of  the  real
 property  tax  law  is amended by adding a new subparagraph 4 to read as
 follows:
   (4) NOTWITHSTANDING THE MAXIMUM EXEMPTION PERCENTAGE PERMITTED  PURSU-
 ANT  TO  PARAGRAPH  (A) OF THIS SUBDIVISION, ANY LOCAL LAW, ORDINANCE OR
 RESOLUTION ADOPTED PURSUANT TO THIS SECTION MAY BE AMENDED, OR  A  LOCAL
 LAW, ORDINANCE OR RESOLUTION MAY BE ADOPTED, TO CREATE ADDITIONAL ANNUAL
 INCOME CATEGORIES AND CORRESPONDING EXEMPTION PERCENTAGES FOR HOUSEHOLDS
 MAKING  LESS THAN THE MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH MUNICIPAL
 CORPORATION AS PROVIDED IN THIS SUBDIVISION (REPRESENTED IN THE  HEREIN-
 BELOW SCHEDULE AS M) PURSUANT TO THE FOLLOWING SCHEDULE:
 
 ANNUAL INCOME          PERCENTAGE OF ASSESSED VALUATION
                              EXEMPT FROM TAXATION
 LESS THAN (M) BUT
 MORE THAN (M- $1,000)                  50%
 
 LESS THAN (M- $1,000) BUT
 MORE THAN (M- $2,000)                  55%
 
 LESS THAN (M- $2,000) BUT              60%
 MORE THAN (M- $3,000); AND
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD06109-01-5
 S. 5175                             2
 
 LESS THAN (M- $3,000)                  65%

co-Sponsors

2025-S5175A (ACTIVE) - Details

See Assembly Version of this Bill:
A3698
Current Committee:
Senate Aging
Law Section:
Real Property Tax Law
Laws Affected:
Amd §467, RPT L
Versions Introduced in 2023-2024 Legislative Session:
S8893, A6362

2025-S5175A (ACTIVE) - Summary

Authorizes localities to provide for an additional real property tax exemption for senior citizens who meet the income eligibility limits and other criteria to the extent of sixty-five percent of the assessed valuation of such real property.

2025-S5175A (ACTIVE) - Sponsor Memo

2025-S5175A (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  5175--A
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                             February 19, 2025
                                ___________
 
 Introduced  by  Sens.  COMRIE, RHOADS, ROLISON -- read twice and ordered
   printed, and when printed to be committed to the Committee on Aging --
   committee discharged, bill amended, ordered reprinted as  amended  and
   recommitted to said committee
 
 AN  ACT  to amend the real property tax law, in relation to providing an
   additional real property tax exemption for certain senior citizens
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Paragraph (b) of subdivision 1 of section 467 of the real
 property tax law is amended by adding a new subparagraph 4  to  read  as
 follows:
   (4)  NOTWITHSTANDING THE MAXIMUM EXEMPTION PERCENTAGE PERMITTED PURSU-
 ANT TO PARAGRAPH (A) OF THIS SUBDIVISION, ANY LOCAL  LAW,  ORDINANCE  OR
 RESOLUTION  ADOPTED  PURSUANT TO THIS SECTION MAY BE AMENDED, OR A LOCAL
 LAW, ORDINANCE OR RESOLUTION MAY BE ADOPTED, TO CREATE ADDITIONAL ANNUAL
 INCOME CATEGORIES AND CORRESPONDING EXEMPTION PERCENTAGES FOR HOUSEHOLDS
 MAKING LESS THAN THE MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH  MUNICIPAL
 CORPORATION  AS PROVIDED IN THIS SUBDIVISION (REPRESENTED IN THE HEREIN-
 BELOW SCHEDULE AS M) PURSUANT TO THE FOLLOWING SCHEDULE:
 
 ANNUAL INCOME          PERCENTAGE OF ASSESSED VALUATION
                              EXEMPT FROM TAXATION
 LESS THAN (M) BUT
 MORE THAN (M- $1,000)                  50%
 
 LESS THAN (M- $1,000) BUT
 MORE THAN (M- $2,000)                  55%
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD06109-03-5
 S. 5175--A                          2
 
 LESS THAN (M- $2,000) BUT              60%

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