Authorizes a town with a population between 69,000 and 69,500 to enact a homestead exemption.

New York Assembly Bill A02436 amends a 2024 law to allow a town with a population between 69,000 and 69,500 to enact a homestead exemption. This exemption reduces real property taxes for eligible homeowners. The exemption mirrors the basic school tax relief (STAR) exemption, with a maximum value of $50,000. Homeowners must apply for the exemption by filing a form with the town assessor before the taxable status date.

Authorizes a town with a population between 69,000 and 69,500 to enact a homestead exemption.

New York Assembly Bill A02436 amends a 2024 law to allow a town with a population between 69,000 and 69,500 to enact a homestead exemption. This exemption reduces real property taxes for eligible homeowners. The exemption mirrors the basic school tax relief (STAR) exemption, with a maximum value of $50,000. Homeowners must apply for the exemption by filing a form with the town assessor before the taxable status date.