NY A03124

Authorizes six Warren County towns (Bolton, Horicon, Thurman, Queensbury, Lake George, and Warrensburg) to adopt local laws opting out of standard cooperative and condominium property tax assessment provisions

Requires towns to adopt opt-out local laws prior to the taxable status date of the assessment roll upon which taxes will be levied

Exempts from the opt-out any cooperative or condominium properties that were already subject to standard assessment provisions before January 1, 2026

Protects affordable housing properties by excluding from the opt-out any cooperatives or condominiums participating in affordable housing tax credit programs or with regulatory agreements tied to affordable housing requirements

Takes effect immediately and applies to assessment rolls prepared based on taxable status dates occurring on or after January 1, 2026