NY S00802

Expands eligibility for residential property tax rebates in cities with populations over one million to include four, five, and six family residences, in addition to one, two, and three family residences and condominium/cooperative units.

Changes rebate amount from "the lesser of" four hundred dollars or annual tax liability to "up to" four hundred dollars but "in no case more than" the annual tax liability imposed on the property.

Extends the rebate program fiscal years from 2003-2009 to 2019-2021.

Allows local legislative bodies to restrict eligibility to specific property types or based on receipt of other housing benefits under the Real Property Tax Law or Private Housing Finance Law.

Modifies application deadline to March 15th of the fiscal year the rebate is claimed and allows online submission in addition to mail-in applications.

Permits property owners with tax arrears exceeding twenty-five dollars to receive rebates if they have entered into an installment agreement with the city and are current on that agreement, with the rebate amount first applied to the installment obligation.