Bill > S05480

This bill enhances homeowner protections and tax assistance in New York by establishing several key provisions for property owners facing tax delinquency. It creates a comprehensive homeowner bill of rights that includes protections such as being informed about tax amounts due, receiving warning notices, having the right to enter installment payment plans, and receiving a grace period for senior citizens. The bill mandates that tax lien foreclosures must be judicial proceedings and requires a pre-foreclosure settlement conference where homeowners can discuss their options, including repayment plans ranging from 12 to 36 months. Additionally, the legislation establishes a new senior, disabled, and veteran homeowner real property tax assistance program, ensuring that social services districts help eligible households obtain tax relief. Starting in 2026, local taxing jurisdictions will be required to offer installment payment plans, and the bill stipulates that any tax assistance received will not be considered income for determining eligibility for other benefits. The overall aim is to provide more support and flexibility for homeowners struggling with property tax payments, particularly seniors, disabled individuals, and veterans, while creating a more transparent and supportive process for addressing tax delinquencies.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S5480