NY A07776

Creates an age-based school tax refund for seniors aged 65+ who own one, two, or three family residences, farm dwellings, or condominiums/cooperatives as their primary residence.

Refund amounts range from $500 for ages 65-69 to $3,000 for ages 90+, with incremental increases at ages 70-74 ($1,000), 75-79 ($1,500), 80-84 ($2,000), and 85-89 ($2,500).

Limits eligibility to property owners with combined household income not exceeding $150,000; for married couples or siblings, only one owner must meet the age requirement.

Requires property owners to file applications with their local assessor by the taxable status date; refunds continue indefinitely unless eligibility requirements are no longer met.

Specifies that refunds shall not affect state education aid calculations, school district debt limits, tax levies, or tax rate calculations; takes effect 180 days after enactment.