NY S00060

Directs the state board of real property tax services to conduct a study on real property tax saturation, defined as the impact of high percentages of tax-exempt real property on municipal economic viability.

Requires the study to identify the percentage of tax-exempt real property in each county and examine the top 20 percent of counties with the highest tax-exempt property percentages.

Mandates analysis of the five-year impact of tax-exempt properties in high-saturation counties on housing markets, small business growth, job creation, population trends, nonprofit organizations, and dedicated parkland.

Requires the board to propose feasible revisions to real property tax policies and strategies to support equitable distribution of tax burden in affected counties.

Directs the board to deliver findings and legislative recommendations to the governor and legislative leaders within one year; the act expires two years after enactment or upon report delivery, whichever occurs first.