NY A07748

Establishes the "climate change property tax relief act" allowing municipalities to grant property tax abatements to eligible homeowners whose properties are damaged by major or local disasters.

Defines eligible property as residential real property with two or fewer dwelling units that is owner-occupied at the time of disaster damage, excluding properties transferred to new owners before relief is granted.

Requires eligible municipalities to pass a local law or resolution after a public hearing to participate, specifying an expiration date, application deadline, minimum damage floor, and maximum benefit ceiling for abatements.

Grants tax abatements equal to documented damages up to the maximum benefit ceiling, with excess abatements carrying over to subsequent tax years for up to five years until damages are fully covered.

Allows homeowners to submit applications with supporting documentation including insurance claims, appraisals, government disaster assistance records, and photographs, with disputes resolved through the board of assessment review or special assessing units.