Bill > A03853

This bill modifies the real property tax law to simplify and streamline the process for nonprofit organizations seeking property tax exemptions. Specifically, the bill removes previous requirements that municipal corporations (counties, cities, towns, villages, or school districts) must pass local laws or resolutions to enable nonprofit organizations to apply for property tax exemptions. Under the new provisions, nonprofit organizations can now file an application for tax exemption with the local assessor within three years of purchasing a property, regardless of when the property was acquired relative to the tax levy or taxable status date. The bill standardizes the application process, requiring assessors to review exemption applications within 30 days and notify applicants of their determination. If an exemption is granted, the assessor will calculate a pro-rata tax credit based on the portion of the fiscal year remaining after the property transfer. The changes aim to make the property tax exemption process more straightforward and accessible for nonprofit organizations by removing bureaucratic barriers and providing a consistent, extended timeline for filing exemption applications.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A3853