NY S08549

Creates a full real property tax exemption for police officers who are 100% permanently disabled due to injuries or illness sustained in the line of duty, covering city, village, town, special district, and county taxes on their primary residence

Requires the disability to be certified by a licensed physician confirming the officer is completely physically or mentally incapacitated for police duty, with no fault or misconduct on the officer's part

Applies to property held in trust for eligible individuals and extends to tenant-stockholders in cooperative apartment corporations based on their proportional share of stock

Excludes cooperative dwellings subject to certain private housing finance law provisions (articles two, four, five, or eleven)

Requires local governing bodies to adopt a local law, ordinance, or resolution after a public hearing before the exemption takes effect in their jurisdiction, with the state commissioner developing eligibility documentation requirements available online; effective for assessment rolls prepared on or after January 1, 2027