NY S02690

Amends real property tax law to allow properties receiving basic or enhanced STAR exemptions to qualify for an additional pro-rated STAR exemption when a senior citizen (age 65+) resides with a non-spouse relative who owns the property, provided both use it as their primary residence.

Requires the senior citizen and property owner to be related within the third degree of consanguinity or affinity, with the senior citizen having lived in the property as their primary residence for at least six months prior to January 1st of the exemption year.

Calculates the pro-rated exemption at 25% of the basic or enhanced STAR exemption, adjusted by a fraction based on the number of residents and owners living in the property, with limitations when multiple seniors meet eligibility requirements.

Allows the surviving spouse of a deceased senior citizen who was at least age 62 to continue claiming the exemption if they were not yet 65 at the time of the senior's death.

Requires annual joint applications filed by all property owners and eligible seniors, with the effective date set for January 1st following the law's enactment.