Bill > S09173

This bill establishes a new provision in real property tax law that allows individuals aged seventy or older, who meet the eligibility requirements for the enhanced STAR (School Tax Relief) exemption, to benefit from a capped real property school tax rate. This capped rate will be the lower of the school tax rate in effect when the eligible person turns seventy or any subsequent lower rate. To qualify, the residential property must be owned and occupied by individuals meeting these age and STAR criteria, and the local school district must adopt a resolution to implement this provision after a public hearing. Eligible individuals will need to apply annually for this capped rate with their local assessor by the taxable status date, providing proof of age. School districts are required to notify residents about this program, and the state will reimburse school districts for 100% of the direct costs incurred from implementing this capped tax rate.

Health and Social Services

https://www.nysenate.gov/legislation/bills/2025/S9173