NY State Senate Bill 2025-S7209

Senate Bill S7209

2025-2026 Legislative Session

Increases the maximum qualifying income for the senior citizen homeowner's exemption and the disabled homeowner's exemption

download bill text pdf

Current Bill Status - In Senate Committee Housing, Construction And Community Development 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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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Apr 04, 2025	referred to housing, construction and community development

2025-S7209 (ACTIVE) - Details

Current Committee:: Senate Housing, Construction And Community Development
Law Section:: New York City Administrative Code
Laws Affected:: Amd §§11-245.3 & 11-245.4, NYC Ad Cd
Versions Introduced in 2023-2024 Legislative Session:: S5184

2025-S7209 (ACTIVE) - Summary

Increases the maximum qualifying income for the senior citizen homeowner's exemption and the disabled homeowner's exemption to $70,000 in the city of New York.

2025-S7209 (ACTIVE) - Sponsor Memo

                                 
BILL NUMBER: S7209

SPONSOR: LANZA
 
TITLE OF BILL:

An act to amend the administrative code of the city of New York, in
relation to increasing the maximum qualifying income for the senior
citizen homeowner's exemption and the disabled homeowner's exemption

 
PURPOSE OR GENERAL IDEA OF BILL:

To increase the maximum qualifying income for the senior citizen home-
owner's exemption (SCHE) and the disabled homeowner's exemption (DHE) to
$70,000.

 
SUMMARY OF SPECIFIC PROVISIONS:

Section 1 amends paragraph (a) of subdivision 3 of section 11-245.3 of
the administrative code of the city of New York, as amended by local law
number 140 for the year 2017.

Section 2 amends subdivision 7 of section 11-245.3 of the administrative

code of the city of New York, as amended by local law number 140 for the
year 2017.

Section 3 amends subdivision 3 of section 11-245.4 of the administrative
code of the city of New York, as amended by local law number 140 for the
year 2017.

Section 4 amends subdivision 6 of section 11-245.4 of the administrative
code of the city of New York, as amended by local law number 41 for the
year 2006, the schedule as amended by local law number 140 for the year
2017.

 
JUSTIFICATION:

With record inflation ravaging New York City residents' standard of
living and quality of life, those hit hardest are senior citizens and
disabled residents who own a home. While all Americans and New Yorkers
are struggling to pay for basic necessities, seniors and the disabled on
fixed incomes are finding it even harder to make ends meet. Because of
inflation, the Federal Government through Social Security, recently gave
Social Security recipients the largest ever Cost of Living Adjustment
(COLA) to relieve their financial pain. In doing so, this increase put
people over the income limits for the City's SCHE and DHE homeowner's
exemption. This COLA increase actually hurt them because in losing the
exemption, they now have to pay more in property taxes. This bill seeks
to remedy this situation by increasing the thresholds for the SCHE and
DHE homeowner's exemption programs in the City of New York.

 
LEGISLATIVE HISTORY:

2024: S.5184 - Referred to Housing

2023: S.5184 - Referred to Housing

 
FISCAL IMPLICATIONS:

To be determined.
 
EFFECTIVE DATE:
This act shall take effect immediately and shall apply to exemption
applications made for the fiscal year commencing in 2017 and all fiscal
years thereafter.

2025-S7209 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7209
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                               April 4, 2025
                                ___________
 
 Introduced  by  Sen.  LANZA  -- read twice and ordered printed, and when
   printed to be committed to the Committee on Housing, Construction  and
   Community Development
 
 AN  ACT  to  amend  the  administrative code of the city of New York, in
   relation to increasing the maximum qualifying income  for  the  senior
   citizen homeowner's exemption and the disabled homeowner's exemption
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph (a) of subdivision 3 of section 11-245.3  of  the
 administrative  code  of  the  city of New York, as amended by local law
 number 140 for the year 2017, is amended to read as follows:
   (a) if the income of the owner or the combined income of the owners of
 the property exceeds the sum of twenty-six  thousand  dollars  beginning
 July  first,  two  thousand six, twenty-seven thousand dollars beginning
 July first, two thousand seven, twenty-eight thousand dollars  beginning
 July  first,  two thousand eight, twenty-nine thousand dollars beginning
 July first, two thousand nine, [and] fifty  thousand  dollars  beginning
 July  first, two thousand seventeen, AND SEVENTY THOUSAND DOLLARS BEGIN-
 NING JULY FIRST, TWO THOUSAND TWENTY-FIVE for the income tax year  imme-
 diately  preceding  the date of making application for exemption. Income
 tax year shall mean the [twelve month] TWELVE-MONTH period for which the
 owner or owners filed a federal personal income tax  return,  or  if  no
 such return is filed, the calendar year. Where title is vested in either
 [the  husband  or the wife] SPOUSE, their combined income may not exceed
 such sum, except where the [husband or wife, or ex-husband  or  ex-wife]
 SPOUSE, OR EX-SPOUSE is absent from the property as provided in subpara-
 graph (ii) of paragraph (d) of this subdivision, then only the income of
 the spouse or ex-spouse residing on the property shall be considered and
 may  not  exceed such sum. Such income shall include social security and
 retirement benefits, interest, dividends, total gain from  the  sale  or
 exchange  of a capital asset which may be offset by a loss from the sale
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11437-01-5

 S. 7209                             2
 
 or exchange of a capital asset in the same income tax year,  net  rental
 income,  salary  or  earnings,  and net income from self-employment, but
 shall not include gifts, inheritances, a  return  of  capital,  payments
 made  to  individuals  because of their status as victims of Nazi perse-
 cution as defined in P.L. 103-286, monies earned through  employment  in
 the  federal foster grandparent program, and veterans disability compen-
 sation as defined in title 38 of the United States Code,  and  any  such
 income  shall  be  offset  by all medical and prescription drug expenses
 actually paid which were not reimbursed or paid  for  by  insurance.  In
 computing  net  rental  income  and  net  income from self-employment no
 depreciation deduction shall be allowed for  the  exhaustion,  wear  and
 tear of real or personal property held for the production of income;
   §  2.  Subdivision 7 of section 11-245.3 of the administrative code of
 the city of New York, as amended by local law number 140  for  the  year
 2017, is amended to read as follows:
   7.  Notwithstanding  the  maximum  income  exemption eligibility level
 provided in subdivision three of this section, an exemption, subject  to
 all  other  provisions of this section, shall be granted as indicated in
 the following schedule:
 
           Annual Income                   Percentage Assessed Valuation
        as of July 1, 2006                     Exempt From Taxation
 
 More than $26,000 but less than $27,000             45 per centum
 $27,000 or more but less than $28,000               40 per centum
 $28,000 or more but less than $29,000               35 per centum
 $29,000 or more but less than $29,900               30 per centum
 $29,900 or more but less than $30,800               25 per centum
 $30,800 or more but less than $31,700               20 per centum
 $31,700 or more but less than $32,600               15 per centum
 $32,600 or more but less than $33,500               10 per centum
 $33,500 or more but less than $34,400                5 per centum
 
                                           Percentage Assessed Valuation
 Annual Income as of July 1, 2007              Exempt From Taxation
 
 More than $27,000 but less than $28,000             45 per centum
 $28,000 or more but less than $29,000               40 per centum
 $29,000 or more but less than $30,000               35 per centum
 $30,000 or more but less than $30,900               30 per centum
 $30,900 or more but less than $31,800               25 per centum
 $31,800 or more but less than $32,700               20 per centum
 $32,700 or more but less than $33,600               15 per centum
 $33,600 or more but less than $34,500               10 per centum
 $34,500 or more but less than $35,400                5 per centum
 
                                           Percentage Assessed Valuation
 Annual Income as of July 1, 2008              Exempt From Taxation
 
 More than $28,000 but less than $29,000             45 per centum
 $29,000 or more but less than $30,000               40 per centum
 $30,000 or more but less than $31,000               35 per centum
 $31,000 or more but less than $31,900               30 per centum
 $31,900 or more but less than $32,800               25 per centum
 $32,800 or more but less than $33,700               20 per centum
 $33,700 or more but less than $34,600               15 per centum
 S. 7209                             3
 
 $34,600 or more but less than $35,500               10 per centum
 $35,500 or more but less than $36,400                5 per centum
 
                                           Percentage Assessed Valuation
 Annual Income as of July 1, 2009              Exempt From Taxation

 More than $29,000 but less than $30,000             45 per centum
 $30,000 or more but less than $31,000               40 per centum
 $31,000 or more but less than $32,000               35 per centum
 $32,000 or more but less than $32,900               30 per centum
 $32,900 or more but less than $33,800               25 per centum
 $33,800 or more but less than $34,700               20 per centum
 $34,700 or more but less than $35,600               15 per centum
 $35,600 or more but less than $36,500               10 per centum
 $36,500 or more but less than $37,400                5 per centum
 
                                           Percentage Assessed Valuation
 Annual Income as of July 1, 2017              Exempt From Taxation
 
 More than $50,000 but less than $51,000             45 per centum
 $51,000 or more but less than $52,000               40 per centum
 $52,000 or more but less than $53,000               35 per centum
 $53,000 or more but less than $53,900               30 per centum
 $53,900 or more but less than $54,800               25 per centum
 $54,800 or more but less than $55,700               20 per centum
 $55,700 or more but less than $56,600               15 per centum
 $56,600 or more but less than $57,500               10 per centum
 $57,500 or more but less than $58,400               5 per centum
 
                                           PERCENTAGE ASSESSED VALUATION
 ANNUAL INCOME AS OF JULY 1, 2025              EXEMPT FROM TAXATION
 
 MORE THAN $70,000 BUT LESS THAN $71,000             45 PER CENTUM
 $71,000 OR MORE BUT LESS THAN $72,000               40 PER CENTUM
 $72,000 OR MORE BUT LESS THAN $73,000               35 PER CENTUM
 $73,000 OR MORE BUT LESS THAN $73,900               30 PER CENTUM
 $73,900 OR MORE BUT LESS THAN $74,800               25 PER CENTUM
 $74,800 OR MORE BUT LESS THAN $75,700               20 PER CENTUM
 $75,700 OR MORE BUT LESS THAN $76,600               15 PER CENTUM
 $76,600 OR MORE BUT LESS THAN $77,500               10 PER CENTUM
 $77,500 OR MORE BUT LESS THAN $78,400               5 PER CENTUM
 
   §  3. Paragraph (a) of subdivision 3 of section 11-245.4 of the admin-
 istrative code of the city of New York, as amended by local  law  number
 140 for the year 2017, is amended to read as follows:
   (a) if the income of the owner or the combined income of the owners of
 the  property  for the income tax year immediately preceding the date of
 making application for exemption exceeds the sum of twenty-six  thousand
 dollars  beginning  July  first, two thousand six, twenty-seven thousand
 dollars beginning July first, two thousand seven, twenty-eight  thousand
 dollars  beginning  July first, two thousand eight, twenty-nine thousand
 dollars beginning July first, two thousand nine,  [and]  fifty  thousand
 dollars  beginning July first, two thousand seventeen, AND SEVENTY THOU-
 SAND DOLLARS BEGINNING JULY FIRST, TWO THOUSAND TWENTY-FIVE. Income  tax
 year  shall  mean  the  [twelve month] TWELVE-MONTH period for which the
 owner or owners filed a federal personal income tax  return,  or  if  no
 S. 7209                             4
 
 such return is filed, the calendar year. Where title is vested in either
 the  [husband  or the wife] SPOUSE, their combined income may not exceed
 such sum, except where the [husband or wife, or ex-husband  or  ex-wife]
 SPOUSE,  OR  EX-SPOUSE is absent from the property due to divorce, legal
 separation or abandonment,  then  only  the  income  of  the  spouse  or
 ex-spouse  residing  on  the  property  shall  be considered and may not
 exceed such sum. Such income shall include social security  and  retire-
 ment benefits, interest, dividends, total gain from the sale or exchange
 of  a  capital  asset  which  may  be  offset by a loss from the sale or
 exchange of a capital asset in the same  income  tax  year,  net  rental
 income,  salary  or  earnings,  and net income from self-employment, but
 shall not include a return of capital,  gifts,  inheritances  or  monies
 earned  through employment in the federal foster grandparent program and
 any such income shall be offset by all  medical  and  prescription  drug
 expenses  actually  paid which were not reimbursed or paid for by insur-
 ance. In computing net rental income and net income from self-employment
 no depreciation deduction shall be allowed for the exhaustion, wear  and
 tear of real or personal property held for the production of income;
   §  4.  Subdivision 6 of section 11-245.4 of the administrative code of
 the city of New York, as amended by local law number  41  for  the  year
 2006, the schedule as amended by local law number 140 for the year 2017,
 is amended to read as follows:
   6.  Notwithstanding  the  maximum  income  exemption eligibility level
 provided in subdivision three of this section, an exemption, subject  to
 all  other  provisions of this section, shall be granted as indicated in
 the following schedule:
 
                                           Percentage Assessed Valuation
 Annual Income as of July 1, 2006              Exempt From Taxation
 
   More than $26,000 but less than $27,000           45 per centum
   $27,000 or more but less than $28,000             40 per centum
   $28,000 or more but less than $29,000             35 per centum
   $29,000 or more but less than $29,900             30 per centum
   $29,900 or more but less than $30,800             25 per centum
   $30,800 or more but less than $31,700             20 per centum
   $31,700 or more but less than $32,600             15 per centum
   $32,600 or more but less than $33,500             10 per centum
   $33,500 or more but less than $34,400              5 per centum
 
                                           Percentage Assessed Valuation
 Annual Income as of July 1, 2007              Exempt From Taxation
 
 More than $27,000 but less than $28,000             45 per centum
 $28,000 or more but less than $29,000               40 per centum
 $29,000 or more but less than $30,000               35 per centum
 $30,000 or more but less than $30,900               30 per centum
 $30,900 or more but less than $31,800               25 per centum
 $31,800 or more but less than $32,700               20 per centum
 $32,700 or more but less than $33,600               15 per centum
 $33,600 or more but less than $34,500               10 per centum
 $34,500 or more but less than $35,400                5 per centum
 S. 7209                             5

                                           Percentage Assessed Valuation
 Annual Income as of July 1, 2008              Exempt From Taxation
 
 More than $28,000 but less than $29,000             45 per centum
 $29,000 or more but less than $30,000               40 per centum
 $30,000 or more but less than $31,000               35 per centum
 $31,000 or more but less than $31,900               30 per centum
 $31,900 or more but less than $32,800               25 per centum
 $32,800 or more but less than $33,700               20 per centum
 $33,700 or more but less than $34,600               15 per centum
 $34,600 or more but less than $35,500               10 per centum
 $35,500 or more but less than $36,400                5 per centum
 
                                           Percentage Assessed Valuation
 Annual Income as of July 1, 2009              Exempt From Taxation

 More than $29,000 but less than $30,000             45 per centum
 $30,000 or more but less than $31,000               40 per centum
 $31,000 or more but less than $32,000               35 per centum
 $32,000 or more but less than $32,900               30 per centum
 $32,900 or more but less than $33,800               25 per centum
 $33,800 or more but less than $34,700               20 per centum
 $34,700 or more but less than $35,600               15 per centum
 $35,600 or more but less than $36,500               10 per centum
 $36,500 or more but less than $37,400                5 per centum
 
                                           Percentage Assessed Valuation
 Annual Income as of July 1, 2017              Exempt From Taxation
 
 More than $50,000 but less than $51,000             45 per centum
 $51,000 or more but less than $52,000               40 per centum
 $52,000 or more but less than $53,000               35 per centum
 $53,000 or more but less than $53,900               30 per centum
 $53,900 or more but less than $54,800               25 per centum
 $54,800 or more but less than $55,700               20 per centum
 $55,700 or more but less than $56,600               15 per centum
 $56,600 or more but less than $57,500               10 per centum
 $57,500 or more but less than $58,400               5 per centum
 
                                           PERCENTAGE ASSESSED VALUATION
 ANNUAL INCOME AS OF JULY 1, 2025              EXEMPT FROM TAXATION
 
 MORE THAN $70,000 BUT LESS THAN $71,000             45 PER CENTUM
 $71,000 OR MORE BUT LESS THAN $72,000               40 PER CENTUM
 $72,000 OR MORE BUT LESS THAN $73,000               35 PER CENTUM
 $73,000 OR MORE BUT LESS THAN $73,900               30 PER CENTUM
 $73,900 OR MORE BUT LESS THAN $74,800               25 PER CENTUM
 $74,800 OR MORE BUT LESS THAN $75,700               20 PER CENTUM
 $75,700 OR MORE BUT LESS THAN $76,600               15 PER CENTUM
 $76,600 OR MORE BUT LESS THAN $77,500               10 PER CENTUM
 $77,500 OR MORE BUT LESS THAN $78,400               5 PER CENTUM
 
   §  5.  This  act  shall  take  effect  immediately  and shall apply to
 exemption applications made for the fiscal year commencing in  2017  and
 all fiscal years thereafter.

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