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NY A06392
Bill
Status
Introduced
4/6/2023
Primary Sponsor
Amanda Septimo
Click for details
AI Summary
- Caps real property taxes (including school taxes) for qualified seniors at the amount paid in the year the individual turns 65 years old
- Defines qualified seniors as individuals who own the subject property, reside there at least 274 days per year, and are at least 65 years old
- Applies to all real property tax assessments on or after the bill's effective date
- Takes effect immediately upon enactment
Legislative Description
Caps the amount of taxes a senior has to pay on his or her real property at the amount such individual paid in the year in which he or she turned 65; provides that the individual claiming the limitation must be the owner of the property and must reside in the property for at least seventy-five percent of the year.
Last Action
referred to real property taxation
1/3/2024
Committee Referrals
Real Property Taxation4/6/2023
Full Bill Text
No bill text available