Increases income thresholds for senior citizen and disabled person property tax exemptions.

New York Assembly Bill A03054 amends the real property tax law to increase the income thresholds for eligibility for the senior citizen and disabled person property tax exemptions. The bill applies to any local law, resolution, or ordinance amended or adopted on and after the effective date of this act. The state will reimburse municipal corporations for the difference in real property tax revenue.

Increases income thresholds for senior citizen and disabled person property tax exemptions.

New York Assembly Bill A03054 amends the real property tax law to increase the income thresholds for eligibility for the senior citizen and disabled person property tax exemptions. The bill applies to any local law, resolution, or ordinance amended or adopted on and after the effective date of this act. The state will reimburse municipal corporations for the difference in real property tax revenue.