Bill > A02383

This bill amends the Real Property Tax Law to raise the income cap for senior citizens applying for the Enhanced STAR (School Tax Relief) property tax exemption to $120,000 for assessment rolls completed in 2024. The Enhanced STAR program provides property tax relief for senior homeowners, and this legislation specifically adjusts the income eligibility threshold for the upcoming tax year. Seniors will be able to qualify for the exemption based on their income from the previous tax year, with the new $120,000 income standard allowing more senior citizens to benefit from reduced property tax assessments. The bill takes effect immediately and will apply to all tax years starting on or after its enactment, providing potential tax savings for senior homeowners who meet the new income requirements.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A2383