Establishes a real property tax exemption for primary residences of surviving spouses of police officers killed in the line of duty.

New York A03729 amends the real property tax law to establish a tax exemption for the primary residences of surviving spouses of police officers killed in the line of duty. This exemption applies to 50% of the assessed valuation of the property, though local legislative bodies may reduce this percentage. The exemption requires local legislative approval through a local law or resolution. Certain properties, such as those subject to specific articles of the private housing finance law, are not eligible for this exemption.

Establishes a real property tax exemption for primary residences of surviving spouses of police officers killed in the line of duty.

New York A03729 amends the real property tax law to establish a tax exemption for the primary residences of surviving spouses of police officers killed in the line of duty. This exemption applies to 50% of the assessed valuation of the property, though local legislative bodies may reduce this percentage. The exemption requires local legislative approval through a local law or resolution. Certain properties, such as those subject to specific articles of the private housing finance law, are not eligible for this exemption.