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NY A06284
Bill
Status
3/3/2025
Primary Sponsor
Patrick Carroll
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AI Summary
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Provides a 15% property tax exemption on assessed value for real property owned by active duty U.S. military members and their spouses, capped at $12,000 or $12,000 multiplied by the state equalization rate, whichever is less
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Requires local governments (cities, villages, towns, school districts, fire districts, or counties) to adopt a local law, ordinance, or resolution after a public hearing to implement the exemption
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Applicants must use the property as their primary residence exclusively for residential purposes and have at least four years of certified active military service
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Active military service includes full-time duty in the Army, Navy, Marine Corps, Air Force, or Coast Guard of the United States
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Takes effect January 1 following enactment and applies to taxable status dates occurring on or after that date
Legislative Description
Provides a tax exemption for real property owned by a person in active military service of the United States and their spouse to the extent of fifteen percent of the assessed value of such property.
Last Action
referred to real property taxation
1/7/2026