Bill > A07136

This bill amends the New York Real Property Tax Law by adding a new provision that explicitly excludes environmental contamination from being considered as a factor when assessing property value for tax purposes. Specifically, the bill instructs assessors to disregard any environmental contamination present on a property when determining its assessed value. This means that even if a property is polluted or has been environmentally damaged, such conditions cannot be used to reduce the property's assessed value for taxation. The bill takes effect immediately and will apply to any real property with a taxable status date on or after its enactment. By preventing environmental contamination from impacting property assessments, the legislation could potentially protect property owners from decreased property values due to environmental issues, though it may also have implications for how environmental cleanup and remediation are incentivized.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A7136