NY S05468

Extends partial real property tax abatement eligibility for condominium units and cooperative dwelling units to fiscal years 2015, 2016, and 2017 in cities with populations of one million or more

Maintains three dwelling unit ownership limit per property, with requirement that one unit be the owner's primary residence, for eligibility in extended fiscal years

Sets abatement rates for 2015-2017 at 28.1% for properties with average unit assessed value under $50,000; 25.2% for $50,000-$55,000; 22.5% for $55,000-$60,000; and 17.5% for over $60,000

Establishes application deadline of March 15 for fiscal years beginning in calendar years 2015, 2016, and 2017

Authorizes the Commissioner of Finance to require applications be submitted by individual dwelling unit owners instead of or in addition to board submissions for fiscal years 2015 and later, and permits rules allowing non-annual application filing