Allows senior citizens to apply for an enhanced tax exemption on real property purchased after taxes are levied.

New York A05288 amends the real property tax law to allow senior citizens who meet the requirements for an enhanced exemption to apply for such exemption within thirty days of purchasing real property after taxes are levied. The assessor must determine if the property would have qualified for the exemption had the senior citizen owned it on the taxable status date. The application process includes a potential review by the board of assessment review if a complaint is filed. The act applies to properties transferred to qualified senior citizens after the effective date.

Allows senior citizens to apply for an enhanced tax exemption on real property purchased after taxes are levied.

New York A05288 amends the real property tax law to allow senior citizens who meet the requirements for an enhanced exemption to apply for such exemption within thirty days of purchasing real property after taxes are levied. The assessor must determine if the property would have qualified for the exemption had the senior citizen owned it on the taxable status date. The application process includes a potential review by the board of assessment review if a complaint is filed. The act applies to properties transferred to qualified senior citizens after the effective date.