Bill > A01805

This bill amends the real property tax law to raise the income eligibility threshold for senior citizens and disabled residents receiving property tax abatements. Currently, for homeowners aged 62 or older, tax abatements are not granted if household income exceeds certain thresholds that have gradually increased over time (previously set at $50,000), and this bill raises that limit to $75,000 beginning July 1, 2025. Similarly, for households with a disabled head of household who qualifies under specific disability criteria, the income threshold is also being increased from $50,000 to $75,000 on the same date. The bill allows for some flexibility in income calculation for retirees, permitting them to adjust their income by excluding salary or earnings and projecting retirement income for the entire tax year. These changes aim to provide more financial relief to senior citizens and disabled residents by expanding eligibility for property tax abatements, helping them manage housing costs on fixed or limited incomes. The amendments will take effect immediately, with specific provisions for how the changes will be implemented across different versions of the existing law.

Health and Social Services

https://www.nysenate.gov/legislation/bills/2025/A1805