NY A01173

Establishes assessment and tax relief for property owners in 18 upstate New York counties (Chautauqua, Chenango, Clinton, Cortland, Erie, Essex, Fulton, Hamilton, Herkimer, Jefferson, Lewis, Madison, Montgomery, Oneida, Otsego, Saratoga, Tioga, and Warren) damaged by the October 31, 2019 storm.

Reduces assessed property values by 55-95% based on damage severity for properties that lost at least 50% of value, with full exemption (0% assessed value) for properties that lost all value.

Requires property owners to submit written damage requests to their assessor within 90 days and allows the board of assessment review to hear disputes about assessed damage levels.

Municipalities must adopt a resolution within 45 days of the act becoming law to participate in the relief program; relief is optional for eligible municipalities.

Requires the state to hold harmless school districts located in eligible counties for any reduction in state aid resulting from the assessment reductions.