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NY S04986
Bill
Status
4/3/2019
Primary Sponsor
Kenneth LaValle
Click for details
AI Summary
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Allows senior citizens who purchase property after taxes are levied to apply for an enhanced school tax relief exemption within 30 days of the title transfer.
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Requires the assessor to determine retroactively whether the property would have qualified for exempt status on the tax roll had the senior citizen owned it on the taxable status date.
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Establishes a 30-day notification period for the assessor to inform the applicant and board of assessment review of the exempt amount, with the applicant having 20 days to file a complaint.
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Provides for a hearing before the board of assessment review if the applicant files a complaint, with the determination subject to further review under article seven of the real property tax law.
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Takes effect immediately and applies to real property transferred to qualified senior citizens after taxable status dates occurring on or after the enactment date.
Legislative Description
Provides that where a person who meets the requirements for an enhanced exemption for property owned by senior citizens purchases real property after the levy of taxes, such person may file an application for exemption to the assessor within thirty days of the transfer of title to such person for such exemption.
Last Action
REFERRED TO AGING
1/8/2020