Bill > S03102

This bill establishes a real property tax exemption of up to 15% of the assessed value, up to $3,000 multiplied by the local equalization rate, for certified first responders who are disabled as a result of a certified World Trade Center medical condition. The exemption applies to the primary residence of the first responder, used exclusively for residential purposes. The bill requires a local law, ordinance, or resolution to be adopted by the municipality offering the exemption, and an application to be filed with the assessor. The exemption is applicable to assessment rolls prepared on or after the effective date of the law, which is the first of January following the date it becomes law.