NY S03807

Eliminates the requirement for persons 65 years or older to annually reapply for real property tax exemptions, except in cities with populations of one million or more.

Allows exemptions to be automatically granted on subsequent assessment rolls in municipalities outside cities of one million or more, provided the governing board adopts a local law, ordinance, or resolution after public hearing.

Requires eligible persons in non-million-population cities to submit a sworn affidavit with tax payments stating they continue to meet exemption eligibility requirements.

Maintains a requirement in cities of one million or more for exemption applicants to file completed applications every 24 months from the date exemption was first granted.

Takes effect immediately and applies to tax rolls completed on or after the effective date, with municipalities able to elect earlier implementation back to August 7, 1997.