Provides that the current real property tax exemption for persons over 65 may also be extended to those persons who are totally and permanently disabled; requires that municipalities shall provide by local law that such exemptions shall be granted to either those 65 years of age or older or to those who are totally and permanently disabled, or to both categories of persons.
S T A T E O F N E W Y O R K
________________________________________________________________________
1781
2025-2026 Regular Sessions
I N A S S E M B L Y
January 14, 2025
___________
Introduced by M. of A. FITZPATRICK, DiPIETRO, REILLY, TAGUE -- Multi-
Sponsored by -- M. of A. MANKTELOW -- read once and referred to the
Committee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to granting
partial exemption from real property taxation to persons who are
totally and permanently disabled
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Paragraph (a) of subdivision 1 of section 467 of the real
property tax law, as amended by section 1 of part K of chapter 59 of the
laws of 2023, is amended to read as follows:
(a) Real property owned by one or more persons, each of whom is
sixty-five years of age or over OR TOTALLY AND PERMANENTLY DISABLED, or
real property owned by a married couple or by siblings, one of whom is
sixty-five years of age or over, or real property owned by one or more
persons, some of whom qualify under this section and the others of whom
qualify under section four hundred fifty-nine-c of this title, shall be
exempt from payments in lieu of taxes (PILOT) to the battery park city
authority or from taxation by any municipal corporation in which located
to the extent of fifty per centum of the assessed valuation thereof,
provided the governing board of such municipality, after public hearing,
adopts a local law, ordinance or resolution providing [therefor] THAT
SUCH EXEMPTION SHALL BE GRANTED TO EITHER THOSE SIXTY-FIVE YEARS OF AGE
OR OVER, OR TO THOSE TOTALLY AND PERMANENTLY DISABLED, OR TO BOTH SUCH
CATEGORIES. For the purposes of this section, the term "sibling" shall
include persons whose relationship as siblings has been established
through either half blood, whole blood or adoption.
§ 2. This act shall take effect on the first of January next succeed-
ing the date on which it shall have become a law.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD04348-01-5
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