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NY S03198
Bill
Status
2/11/2011
Primary Sponsor
Michael Ranzenhofer
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AI Summary
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Allows municipal governing boards to adopt a local law capping real property taxes for owners age 70 and older at the amount payable when the application is made, subject to public hearing and local approval.
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Eligibility requires combined owner income not exceeding $70,000 in the preceding tax year, continuous property ownership for at least 36 consecutive months, exclusive residential use, and the property must be the owner's legal residence.
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Municipalities must notify eligible property owners via tax bills or notices about the cap program and application deadlines; applications must be filed with the assessor by the taxable status date using forms prescribed by the Commissioner.
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Owners may designate an adult third party to receive renewal notices at least 30 days before each taxable status date, with the third party encouraged but not legally obligated to remind the owner of application deadlines.
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Willful false statements on applications are punishable by a fine of up to $100 and permanent disqualification from the tax cap; failure to receive notices does not invalidate tax collection.
Legislative Description
Provides for a real property tax cap for persons over 70 years of age; provides for notice to eligible property owners, application process, adult third party notice option, and conviction for willful false statements shall result in a fine of not more than one hundred dollars and disqualification from the tax cap.
Last Action
REFERRED TO AGING
1/4/2012