NY A08183

Exempts real property owned or leased by cooperative corporations or condominiums in six Warren County towns (Bolton, Horicon, Thurman, Queensbury, Lake George, and Warrensburg) from certain real property tax provisions, if those towns adopt local laws providing such exemption prior to the taxable status date.

Exemption does not apply to cooperative or condominium properties that were already subject to the original tax provisions prior to January 1, 2025.

Exemption does not apply to properties participating in affordable housing tax credit programs or properties with regulatory agreements with federal, state, or local agencies related to affordable housing requirements.

Effective immediately and applies to assessment rolls prepared based on taxable status dates occurring on or after January 1, 2025.