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NY S05172
Bill
Status
2/25/2021
Primary Sponsor
Anthony Palumbo
Click for details
AI Summary
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Allows senior citizens who purchase property after tax levy to apply for enhanced school tax relief exemption within 30 days of title transfer
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Requires assessor to determine if property would have qualified for exemption on the original tax roll had the applicant owned it on the taxable status date
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Assessor must notify applicant and board of assessment review within 30 days of application receipt with exemption amount and appeal rights
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Property owner may file a written complaint with board of assessment review within 20 days of notice to challenge the exemption determination
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Takes effect immediately and applies to real property transferred to qualified senior citizens on or after the bill's effective 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
1/5/2022