Bill > A10219

This bill directs the state board of real property tax services to conduct a comprehensive study on the feasibility of adjusting property tax rules for senior citizens, defined as individuals aged 65 or older who own property and are on a fixed income, specifically for those residing in special districts. A special district is a designated geographic area that provides specific public services, such as fire protection or water, and is funded through property taxes. The study will examine the number of senior citizens in these districts, the prevalence of special districts, the average income of these seniors, and potential revisions to property tax policies and practices that could lessen their tax burden while ensuring fair taxation within these districts. Following the study, the board is required to submit a report with its findings and any legislative recommendations to various state officials and committees within two years of the bill's effective date, and the act will expire three years after it takes effect or upon the delivery of the report, whichever comes first.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A10219