Bill > A07077

This bill allows local governments (cities, towns, or counties) to modify their existing real property tax exemption for homeowners who are 65 years or older by giving them the option to exclude disability pension or benefit income when calculating an individual's total income for tax exemption eligibility purposes. Specifically, the bill permits local jurisdictions to create laws or ordinances that can exclude disability-related income ranging from $3,000 up to $15,000 from the income calculation used to determine whether a senior homeowner qualifies for a partial property tax exemption. This means that if a local government chooses to adopt such a provision, a senior citizen's disability pension or benefits would not fully count against their income threshold for the property tax exemption, potentially making it easier for seniors with disability income to qualify for tax relief. The bill would take effect on the first day of January following its passage and would apply to property tax assessment rolls prepared on or after that date.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A7077