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NY S04136
Bill
Status
6/8/2017
Primary Sponsor
Andrew Lanza
Click for details
AI Summary
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Expands the residential real property tax rebate program in cities with populations of one million or more to include four, five, and six family residences, in addition to one, two, and three family residences and condominium/cooperative properties.
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Changes the rebate period from fiscal years 2003-2009 to fiscal years 2018-2020, with rebates capped at $400 but not exceeding the annual tax liability on the property.
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Allows local legislative bodies to restrict eligibility to a subset of property types and to exclude properties receiving certain other tax benefits under real property tax law or the private housing finance law.
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Permits owners with tax arrears exceeding $25 to receive rebates if they have entered into an installment agreement with the city and are current on payments, with the rebate amount first applied to the installment agreement.
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Sets the application deadline as March 15th of the fiscal year for which the rebate is claimed, and allows applications to be filed by mail or online through the commissioner of finance.
Legislative Description
Authorizes cities having a population of one million or more to provide a rebate during a specified city fiscal year of a portion of the real property taxes on owner occupied 1, 2, 3, 4, 5 or 6 family residential real property, or residential real property held in the condominium or cooperative form of ownership.
Last Action
referred to real property taxation
6/11/2018