Bill > S00026

This bill increases property tax benefits for senior citizens by modifying the STAR (School Tax Relief) property tax exemption program. Specifically, for final assessment rolls completed after 2026, the bill increases the enhanced STAR property tax deduction by doubling the income standard and adjusting it annually with cost-of-living increases. Additionally, the bill introduces a total exemption from school taxes for property owners who are at least 80 years old. For properties owned by spouses or siblings, only one owner needs to be 80 years old, and the property must serve as their primary residence. The bill includes provisions to prevent potential abuse, such as requiring a school district resolution if a child living in an exempted property attends a local public school. The new exemption will be considered a third variation of the STAR program, alongside the existing basic and enhanced STAR exemptions. The bill takes effect immediately and will apply to assessment rolls completed on or after January 1, 2026.

Health and Social Services

https://www.nysenate.gov/legislation/bills/2025/S26