Bill > A05288

This bill modifies the real property tax law to provide a new process for senior citizens who purchase property after the annual tax levy to apply for a property tax exemption. Specifically, the bill allows seniors who meet the existing enhanced exemption requirements to file an application with the local assessor within 30 days of receiving the property title, even though the standard application deadline has passed. The assessor must then determine whether the property would have qualified for the exemption if the senior owner had owned it on the original taxable status date. The bill outlines a detailed review process, including the assessor's initial determination, the applicant's right to file a complaint with the board of assessment review, and potential further legal review. This change provides more flexibility for senior citizens who acquire property mid-tax year, ensuring they are not unfairly prevented from receiving a property tax exemption due to timing constraints. The bill takes effect immediately and applies to properties transferred to qualified seniors after specified taxable status dates.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A5288