NY S05868

Establishes a 10 percent property tax exemption for real property owned by enrolled members of incorporated volunteer fire companies, fire departments, or voluntary ambulance services in counties with a population between 79,000 and 80,000 inhabitants

Exemption applies to city, village, town, school district, fire district, and county taxes (excluding special assessments) if the governing body adopts a local law, ordinance, or resolution after a public hearing

Requires applicants to reside in the jurisdiction served by their volunteer organization, maintain the property as their primary residence, use it exclusively for residential purposes, and be certified as an active member for at least five years

Grants lifetime 10 percent exemption to members with 20 or more years of active service, provided they remain residents of the county and their jurisdiction adopts applicable local law

Takes effect January 1st following enactment and applies to all taxable status dates on or after that date