Bill Text: NY A02289 | 2023-2024 | General Assembly | Introduced

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Bill Title: Provides that each county, city, town or village may adopt a local law, and each school district may adopt a resolution, that provides qualified applicants with a supplemental exemption from taxation to the extent of five hundred dollars.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced) 2024-01-03 - referred to veterans' affairs [A02289 Detail]

Download: New_York-2023-A02289-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          2289

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    January 25, 2023
                                       ___________

        Introduced by M. of A. NORRIS -- read once and referred to the Committee
          on Veterans' Affairs

        AN  ACT  to  amend the real property tax law, in relation to providing a
          supplemental exemption from taxation

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  Paragraph  (a) and subparagraph (iii) of paragraph (c) of
     2  subdivision 2 of section 458-b of the real property tax  law,  paragraph
     3  (a) as amended by chapter 253 of the laws of 2016, subparagraph (iii) of
     4  paragraph (c) as amended by chapter 290 of the laws of 2017, are amended
     5  to read as follows:
     6    (a) Each county, city, town or village may adopt a local law, and each
     7  school district may adopt a resolution, to provide that qualifying resi-
     8  dential  real  property  shall  be exempt from taxation to the extent of
     9  either: (i) ten percent of the assessed value of such property; provided
    10  however, that such exemption shall not exceed eight thousand dollars  or
    11  the  product  of  eight  thousand dollars multiplied by the latest state
    12  equalization rate of the assessing unit, or, in the case  of  a  special
    13  assessing  unit,  the  latest  class  ratio,  whichever is less or; (ii)
    14  fifteen percent of the assessed value of such property; provided  howev-
    15  er,  that such exemption shall not exceed twelve thousand dollars or the
    16  product of twelve thousand dollars multiplied by the latest state equal-
    17  ization rate for the assessing unit,  or,  in  the  case  of  a  special
    18  assessing unit, the latest class ratio, whichever is less.  In addition,
    19  each  county,  city,  town  or  village  may adopt a local law, and each
    20  school district may adopt a resolution, that provides  qualified  appli-
    21  cants  with a supplemental exemption from taxation to the extent of five
    22  hundred dollars.
    23    (iii) The exemption provided by  paragraph  (a)  of  this  subdivision
    24  shall be granted [for a period of ten years] and remain in effect pursu-
    25  ant  to the adoption of a local law or resolution unless repealed by the

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00642-01-3
        A. 2289                             2

     1  provisions set forth in subdivision five of this section.  The commence-
     2  ment of such [ten year period] real  property  tax  exemption  shall  be
     3  governed  pursuant  to  this  subparagraph. Where a qualified owner owns
     4  qualifying  residential real property on the effective date of the local
     5  law or resolution providing for such exemption, such [ten  year  period]
     6  exemption  shall  [be  measured]  take  effect  from the assessment roll
     7  prepared pursuant to the first taxable status date occurring on or after
     8  the effective date of the local law or  resolution  providing  for  such
     9  exemption.  Where  a qualified owner does not own qualifying residential
    10  real property on the effective date  of  the  local  law  or  resolution
    11  providing for such exemption, such [ten year period] exemption shall [be
    12  measured]  take effect from the assessment roll prepared pursuant to the
    13  first taxable status date occurring at least sixty days after  the  date
    14  of  purchase of qualifying residential real property; provided, however,
    15  that should the veteran apply for and be granted  an  exemption  on  the
    16  assessment  roll  prepared  pursuant  to a taxable status date occurring
    17  within sixty days after the date of purchase of residential real proper-
    18  ty, such [ten year period] exemption shall  [be  measured]  take  effect
    19  from  the  first  assessment  roll  in  which the exemption occurs. If[,
    20  before the expiration of such ten year period,] such exempt property  is
    21  sold  and  replaced with other residential real property, such exemption
    22  may be granted pursuant to this subdivision for the [unexpired]  portion
    23  of  the [ten year exemption] remaining assessment roll period[, provided
    24  however, that notwithstanding the ten year  limitation  imposed  by  the
    25  foregoing provisions of this subparagraph, a county, city, town, village
    26  or  school  district that has adopted a local law or resolution pursuant
    27  to paragraph (a) of this subdivision may adopt a local law or resolution
    28  providing that the exemption authorized by this section shall  apply  to
    29  qualifying owners of qualifying real property for as long as they remain
    30  qualifying  owners,  without  regard  to such ten year limitation]. Each
    31  county, city, town or village may adopt a local  law,  and  each  school
    32  district  may adopt a resolution, to reduce the maximum exemption allow-
    33  able in paragraphs (a) and (b)  of  this  subdivision  to  six  thousand
    34  dollars,  nine thousand dollars and thirty thousand dollars, respective-
    35  ly, or four thousand dollars, six thousand dollars and  twenty  thousand
    36  dollars,  respectively.  Each  county,  city,  town,  or village is also
    37  authorized to adopt a local law, and each school district  may  adopt  a
    38  resolution,  to  increase  the maximum exemption allowable in paragraphs
    39  (a) and (b) of this subdivision to ten thousand dollars,  fifteen  thou-
    40  sand  dollars  and fifty thousand dollars, respectively; twelve thousand
    41  dollars, eighteen thousand dollars and sixty thousand  dollars,  respec-
    42  tively;  fourteen  thousand  dollars,  twenty-one  thousand  dollars and
    43  seventy thousand dollars, respectively; sixteen thousand dollars,  twen-
    44  ty-four  thousand  dollars  and  eighty  thousand dollars, respectively;
    45  eighteen thousand dollars,  twenty-seven  thousand  dollars  and  ninety
    46  thousand dollars, respectively; twenty thousand dollars, thirty thousand
    47  dollars and one hundred thousand dollars, respectively; twenty-two thou-
    48  sand dollars, thirty-three thousand dollars and one hundred ten thousand
    49  dollars, respectively; twenty-four thousand dollars, thirty-six thousand
    50  dollars  and  one hundred twenty thousand dollars, respectively; twenty-
    51  six thousand dollars, thirty-nine  thousand  dollars,  and  one  hundred
    52  thirty  thousand  dollars,  respectively; twenty-eight thousand dollars,
    53  forty-two thousand dollars, and  one  hundred  forty  thousand  dollars,
    54  respectively;  and  thirty thousand dollars, forty-five thousand dollars
    55  and one hundred fifty thousand dollars,  respectively.  In  addition,  a
    56  county,  city,  town  or  village  which is a "high-appreciation munici-
        A. 2289                             3

     1  pality" as defined in this subparagraph is authorized to adopt  a  local
     2  law,  and each school district which is within a high-appreciation muni-
     3  cipality is authorized to adopt a resolution, to  increase  the  maximum
     4  exemption  allowable  in  paragraphs  (a) and (b) of this subdivision to
     5  twenty-six  thousand  dollars,  thirty-nine  thousand  dollars  and  one
     6  hundred  thirty  thousand  dollars,  respectively; twenty-eight thousand
     7  dollars, forty-two thousand  dollars  and  one  hundred  forty  thousand
     8  dollars,  respectively;  thirty  thousand  dollars,  forty-five thousand
     9  dollars and one hundred fifty thousand dollars, respectively; thirty-two
    10  thousand dollars, forty-eight thousand dollars  and  one  hundred  sixty
    11  thousand  dollars, respectively; thirty-four thousand dollars, fifty-one
    12  thousand dollars and one hundred seventy thousand dollars, respectively;
    13  thirty-six thousand dollars, fifty-four thousand dollars and one hundred
    14  eighty thousand dollars, respectively;  thirty-eight  thousand  dollars,
    15  fifty-seven  thousand  dollars  and one hundred ninety thousand dollars,
    16  respectively; forty thousand dollars, sixty  thousand  dollars  and  two
    17  hundred  thousand  dollars,  respectively;  forty-two  thousand dollars,
    18  sixty-three thousand dollars  and  two  hundred  ten  thousand  dollars,
    19  respectively;  forty-four  thousand  dollars, sixty-six thousand dollars
    20  and two hundred twenty thousand dollars, respectively;  forty-six  thou-
    21  sand  dollars,  sixty-nine thousand dollars and two hundred thirty thou-
    22  sand dollars, respectively; forty-eight  thousand  dollars,  seventy-two
    23  thousand  dollars  and two hundred forty thousand dollars, respectively;
    24  fifty thousand dollars, seventy-five thousand dollars  and  two  hundred
    25  fifty  thousand  dollars,  respectively.   For purposes of this subpara-
    26  graph, a "high-appreciation municipality" means: (A) a special assessing
    27  unit that is a city, (B) a county for which the commissioner has  estab-
    28  lished  a  sales  price  differential  factor  for  purposes of the STAR
    29  exemption authorized by section four hundred twenty-five of  this  title
    30  in  three  consecutive  years,  and (C) a city, town or village which is
    31  wholly or partly located within such a county.
    32    § 2. This act shall take effect immediately.