LaValle Bill Capping Seniors' School Taxes Passes Senate
New York State Senator Kenneth P. LaValle said his bill capping school taxes for eligible senior citizens older than 70 years of age has passed the New York State Senate and will now go to the Assembly.
This bill amends the real property tax law by establishing a fixed real property school tax rate for persons 70 years of age or over who meet the requirements for the enhanced STAR exemption. Under the bill, residential real property owned and occupied by individuals who are 70 years of age or over; or by husband and wife, one of whom is seventy years of age or over and meets each of the requirements for the enhanced STAR exemption, will be eligible for a fixed real property school tax rate.
“By the time New Yorkers attain the age of 70, they typically no longer have dependents in the New York State school system. This bill is designed to benefit New York's senior citizens who are 70 years of age or older by freezing real property school tax rates and providing a fixed school tax rate and some tax relief to senior citizens,” Senator LaValle said.