New York A02002 offers an optional tax exemption for child day care properties.
New York A02002 amends the real property tax law to provide an optional tax exemption for properties operated as child day cares. This exemption applies to fifty percent of the assessed valuation of the property. Localities can choose to implement this exemption through local law, following a public hearing. If the property ceases to be used for child day care purposes, the exemption will also cease.
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