Do you support this bill?

Assembly Bill A11597

2025-2026 Legislative Session

Relates to additional real property tax exemptions for certain senior citizens

download bill text pdf

Sponsored By

Current Bill Status - In Assembly Committee

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.

Actions

2025-A11597 (ACTIVE) - Details

Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Amd §467, RPT L

2025-A11597 (ACTIVE) - Summary

Relates to additional real property tax exemptions for certain senior citizens.

2025-A11597 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   11597
 
                           I N  A S S E M B L Y
 
                               June 5, 2026
                                ___________
 
 Introduced  by  COMMITTEE  ON RULES -- (at request of M. of A. Yeger) --
   read once and referred to the Committee on Real Property Taxation
 
 AN ACT to amend the real property tax law,  in  relation  to  additional
   real property tax exemptions for certain senior citizens
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Subparagraph 4 of paragraph (b) of subdivision 1 of section
 467 of the real property tax law, as added by chapter 581 of the laws of
 2025, is amended 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)] (M- $1,001)       50%
 
 Less than (M- $1,000) but
 more than [(M- $2,000)] (M- $2,001)       55%
 
 Less than (M- $2,000) but                 60%
 more than [(M- $3,000)] (M- $3001); and
 
 Less than (M- $3,000)                     65%
   § 2. This act shall take effect immediately and shall apply to taxable
 years beginning on and after January 1, 2026.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD15918-02-6

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.