Bill > A03854

This bill amends the New York Real Property Tax Law to establish a gradual framework for taxing state-owned lands, introducing a phased approach to property taxation that will incrementally increase the percentage of taxes paid on state-owned land. Starting in 2026, the state will begin paying taxes on its land, beginning at 10% of what would be owed if the land were privately owned, and increasing to 30% by 2030. The bill covers various types of state-owned lands, including wild and forest lands, state park properties, and lands acquired for public use across multiple counties. The taxation will exclusively apply to the land's value, excluding any improvements made by the state. Additionally, the bill stipulates that these new tax payments will not reduce or replace existing payment in lieu of taxes (PILOT) agreements, and in cases where such agreements exist, the state will pay the higher of the two amounts. This legislation aims to provide more consistent and equitable property tax treatment for state-owned lands while ensuring municipalities continue to receive appropriate compensation for publicly owned properties within their jurisdictions.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A3854