Expands real property tax exemption for parents of individuals with disabilities living at the property.

New York Assembly Bill A03232 amends the real property tax law to expand the tax exemption for parents of individuals with disabilities. The exemption applies to parents who live with and care for a disabled individual, requiring significant spending of their income for care. The exemption is for 50% of the property's assessed valuation. Local governing boards and school districts can adopt resolutions to grant this exemption after public hearings.

Expands real property tax exemption for parents of individuals with disabilities living at the property.

New York Assembly Bill A03232 amends the real property tax law to expand the tax exemption for parents of individuals with disabilities. The exemption applies to parents who live with and care for a disabled individual, requiring significant spending of their income for care. The exemption is for 50% of the property's assessed valuation. Local governing boards and school districts can adopt resolutions to grant this exemption after public hearings.