NY S09399

Authorizes cities with populations over one million (New York City) to grant a $150 rebate (or less if annual tax is lower) on real property taxes for fiscal year 2021-2022 to eligible homeowners with qualified gross income of $250,000 or less.

Applies to owners of one, two, or three-family homes and dwelling units in cooperative or condominium buildings where the property serves as the primary residence as of June 15, 2022 and served as such for the prior 90 days.

Owners receiving STAR property tax exemptions or school tax relief credits are automatically eligible without filing an application; other eligible owners must file electronically by deadlines set by local law.

Denies or revokes rebates if the property is not the primary residence, title transfers to non-family members before rebate issuance, or properties are transferred to new owners, and imposes $500 penalty tax plus recovery of erroneous rebates for material misstatements on applications.

Limits rebate to one property per married couple (unless legally separated) and requires property ownership to be recorded with city register or county clerk by June 30, 2022; restricts rebate information from disclosure under public records law.