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NY S04601

Bill

Official Source

Status

Introduced

3/30/2015

Primary Sponsor

Kenneth LaValle

Click for details

Origin

Senate

2015-2016 General Assembly

AI Summary

  • Adds a new section 425-b to Real Property Tax Law establishing a town tax exemption in Southampton for senior citizens receiving the enhanced STAR school tax exemption
  • Exemption amount equals the enhanced STAR exemption and requires no separate application if the Town Board of Southampton adopts a local law implementing the provision
  • Town tax exemption assessment cannot exceed the taxable assessed value of the parcel for county purposes
  • Exemption designation on assessment rolls does not affect total or taxable assessed values and only applies for determining the owner's exemption eligibility
  • Special provisions allow exemptions for cooperative apartment units and mobile homes, with assessors required to submit lists to the State Board of Real Property Services within thirty days of completing the assessment roll

Legislative Description

Authorizes a real property tax exemption for senior citizens in the town of Southampton equal to the exemption amount under the enhanced STAR program.

Last Action

REFERRED TO AGING

1/6/2016

Committee Referrals

Aging3/30/2015

Full Bill Text

No bill text available