Bill > S03309

This bill modifies the real property tax law to provide a new process for senior citizens who purchase property after tax levies have been made. Specifically, it allows seniors who qualify for an enhanced property tax exemption to file an application with the local assessor within 30 days of acquiring a property's title. The assessor will then determine whether the property would have qualified for tax-exempt status on the original tax roll if the senior had owned it at the time. If the application is approved, the assessor must notify the applicant and the board of assessment review about the exempt amount within 30 days. The applicant has the right to contest the exemption amount by filing a written complaint with the board of assessment review within 20 days of receiving the notice. The board must then hold a hearing and make a final determination, which can be further reviewed through a legal proceeding within 30 days of the board's notification. This change aims to provide more flexibility for senior citizens in obtaining property tax exemptions when they purchase a new property after the initial tax levy.

Budget and Finance, Health and Social Services

https://www.nysenate.gov/legislation/bills/2025/S3309