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NY A07569
Bill
Status
Introduced
4/1/2025
Primary Sponsor
Philip Ramos
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AI Summary
- Creates a real property tax exemption in Suffolk County for residential properties with accessory dwelling units (ADUs) rented to households earning at or below 80% of the area median income
- Requires property owners to live in the primary residence and have annual gross income at or below 120% of the area median income to qualify for the exemption
- Sets rent for ADUs using a formula of 30% of 50% of area median income, adjusted for household and unit size, minus utility allowances
- Provides a 15% property tax exemption based on total assessed value, increasing to 20% if the ADU tenant is employed as a firefighter, EMT, or paramedic
- Limits ADU value to no more than 30% of the total property assessment and requires the Division of Housing and Community Renewal to certify compliance within 180 days of enactment
Legislative Description
Provides for a real property tax exemption for certain residential properties with accessory dwelling units occupied by households in need in Suffolk county when the owner of the property resides in the primary building on the property and certain other conditions are met pertaining to the percentage of the total assessment of the property, the income of the tenants of the accessory dwelling unit or units, and the amount of the rent for the accessory dwelling unit.
Last Action
referred to real property taxation
1/7/2026
Committee Referrals
Real Property Taxation4/1/2025
Full Bill Text
No bill text available