Bill > A03186

This bill amends the New York Real Property Tax Law to ensure that the STAR (School Tax Relief) real property tax savings for homeowners cannot decrease from one year to the next. Specifically, the bill modifies existing language to guarantee that the tax savings for a property in a school district portion will not be less than the tax savings from the previous year. The STAR exemption is a program designed to provide tax relief to homeowners by reducing their school property tax burden. Under this amendment, if a homeowner was receiving a certain level of tax savings in one school year, they are guaranteed to receive at least that same amount of savings in the subsequent school year. The bill applies to all assessments occurring on or after July 1st following its enactment, providing added predictability and financial protection for homeowners by preventing reductions in their existing tax relief benefits.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A3186