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Assembly Bill A6362A

2023-2024 Legislative Session

Relates to exemptions from real property taxes for senior citizens

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Archive: Last Bill Status - In Assembly Committee

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Bill Amendments

multi-Sponsors

2023-A6362 - Details

See Senate Version of this Bill:
S8893
Current Committee:
Assembly Rules
Law Section:
Real Property Tax Law
Laws Affected:
Amd §467, RPT L
Versions Introduced in 2025-2026 Legislative Session:
A3698, S5175

2023-A6362 - Summary

Authorizes localities to provide for an additional real property tax exemption for senior citizens who meet the income eligibility limits and other criteria to the extent of sixty-five percent of the assessed valuation of such real property.

2023-A6362 - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6362
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               April 5, 2023
                                ___________
 
 Introduced  by  M. of A. WEPRIN -- Multi-Sponsored by -- M. of A. COLTON
   -- read once and referred to the Committee on Real Property Taxation
 
 AN ACT to amend the real property tax law, in relation to  providing  an
   additional real property tax exemption for certain senior citizens

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 467 of the real property  tax  law  is  amended  by
 adding a new subdivision 1-a to read as follows:
   1-A. (A) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED BY A CITY WITH
 A  POPULATION OF ONE MILLION OR MORE PURSUANT TO PARAGRAPH (A) OF SUBDI-
 VISION ONE OF THIS SECTION MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE  OR
 RESOLUTION  MAY  BE  ADOPTED,  TO  PROVIDE AN EXEMPTION TO THE EXTENT OF
 SIXTY PERCENT OF THE ASSESSED VALUATION OF REAL PROPERTY IF  THE  INCOME
 OF  THE  OWNER  OR THE COMBINED INCOME OF THE OWNERS OF THE PROPERTY FOR
 THE INCOME TAX YEAR IMMEDIATELY PRECEDING THE DATE OF MAKING APPLICATION
 FOR AN EXEMPTION EXCEEDS THE SUM OF  THREE  THOUSAND  DOLLARS,  OR  SUCH
 OTHER  SUM  NOT LESS THAN THREE THOUSAND DOLLARS BUT NOT MORE THAN TWEN-
 TY-TWO THOUSAND DOLLARS, WHILE SATISFYING ALL OTHER ELIGIBILITY CRITERIA
 ESTABLISHED PURSUANT TO THIS SECTION. NO OWNER  OR  OWNERS  OF  PROPERTY
 ELIGIBLE  FOR  A  REDUCTION  IN  THE ASSESSED VALUATION PURSUANT TO THIS
 SUBDIVISION SHALL BE ELIGIBLE FOR A FURTHER EXEMPTION PURSUANT  TO  THIS
 SECTION.
   (B)  ANY  LOCAL  LAW, ORDINANCE OR RESOLUTION ADOPTED BY A CITY WITH A
 POPULATION OF ONE MILLION OR MORE PURSUANT  TO  PARAGRAPH  (A)  OF  THIS
 SUBDIVISION  MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE OR RESOLUTION MAY
 BE ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO INCREASE THE MAXIMUM INCOME
 ELIGIBILITY LEVEL OF SUCH MUNICIPAL  CORPORATION  AS  PROVIDED  IN  THIS
 SUBDIVISION (REPRESENTED IN THE HEREINBELOW SCHEDULE AS M) TO THE EXTENT
 PROVIDED IN THE FOLLOWING SCHEDULE:
 
 ANNUAL INCOME          PERCENTAGE OF ASSESSED VALUATION
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10369-01-3

co-Sponsors

multi-Sponsors

2023-A6362A (ACTIVE) - Details

See Senate Version of this Bill:
S8893
Current Committee:
Assembly Rules
Law Section:
Real Property Tax Law
Laws Affected:
Amd §467, RPT L
Versions Introduced in 2025-2026 Legislative Session:
A3698, S5175

2023-A6362A (ACTIVE) - Summary

Authorizes localities to provide for an additional real property tax exemption for senior citizens who meet the income eligibility limits and other criteria to the extent of sixty-five percent of the assessed valuation of such real property.

2023-A6362A (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  6362--A
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               April 5, 2023
                                ___________
 
 Introduced  by  M. of A. WEPRIN -- Multi-Sponsored by -- M. of A. COLTON
   -- read once and referred to the Committee on Real  Property  Taxation
   --  recommitted  to the Committee on Real Property Taxation in accord-
   ance with Assembly Rule  3,  sec.  2  --  committee  discharged,  bill
   amended,  ordered reprinted as amended and recommitted to said commit-
   tee
 
 AN ACT to amend the real property tax law, in relation to  providing  an
   additional real property tax exemption for certain senior citizens
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph (b) of subdivision 1 of section 467 of  the  real
 property  tax  law  is amended by adding a new subparagraph 4 to read as
 follows:
   (4) NOTWITHSTANDING THE MAXIMUM EXEMPTION PERCENTAGE PERMITTED  PURSU-
 ANT  TO  PARAGRAPH  (A) OF THIS SUBDIVISION, ANY LOCAL LAW, ORDINANCE OR
 RESOLUTION ADOPTED PURSUANT TO THIS SECTION MAY BE AMENDED, OR  A  LOCAL
 LAW, ORDINANCE OR RESOLUTION MAY BE ADOPTED, TO CREATE ADDITIONAL ANNUAL
 INCOME CATEGORIES AND CORRESPONDING EXEMPTION PERCENTAGES FOR HOUSEHOLDS
 MAKING  LESS THAN THE MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH MUNICIPAL
 CORPORATION AS PROVIDED IN THIS SUBDIVISION (REPRESENTED IN THE  HEREIN-
 BELOW SCHEDULE AS M) PURSUANT TO THE FOLLOWING SCHEDULE:
 
 ANNUAL INCOME          PERCENTAGE OF ASSESSED VALUATION
                              EXEMPT FROM TAXATION
 LESS THAN (M) BUT
 MORE THAN (M- $1,000)                  50%
 
 LESS THAN (M- $1,000) BUT
 MORE THAN (M- $2,000)                  55%

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10369-02-4
 A. 6362--A                          2

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