Adjusts the STAR exemption for homes outside large cities, implements a real property tax freeze, and provides state aid to compliant local.

This bill adjusts the school tax relief (STAR) exemption for homes located outside cities with populations over one million for the 2025-2026 school years and thereafter. It also implements a real property tax freeze to reimburse homeowners for increases in local property taxes on their primary residences. Additionally, it provides supplemental state assistance to cities, counties, towns, and villages that comply with property tax levy limits. The bill includes provisions for government efficiency plans, shared services, and mergers to achieve tax savings.

Adjusts the STAR exemption for homes outside large cities, implements a real property tax freeze, and provides state aid to compliant local.

This bill adjusts the school tax relief (STAR) exemption for homes located outside cities with populations over one million for the 2025-2026 school years and thereafter. It also implements a real property tax freeze to reimburse homeowners for increases in local property taxes on their primary residences. Additionally, it provides supplemental state assistance to cities, counties, towns, and villages that comply with property tax levy limits. The bill includes provisions for government efficiency plans, shared services, and mergers to achieve tax savings.