NY S04442

Allows six towns in Warren County (Bolton, Horicon, Thurman, Queensbury, Lake George, and Warrensburg) to adopt local laws opting out of special property tax assessment provisions for cooperative corporations and condominiums

Towns must adopt these 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 the special assessment provisions before January 1, 2026

Protects affordable housing by excluding properties participating in affordable housing tax credit programs or having regulatory agreements with federal, state, or local agencies related to affordable housing requirements

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