New York A06271 grants a total exemption from real property school tax for property owned by individuals aged 75 or older, or by spouses or siblings.
New York A06271 amends the real property tax law to provide a total exemption from real property school tax for property owned by individuals aged 75 or older, or by spouses or siblings if one is 75 or older, provided the owner has no children in the school district and has lived there for 30 years or more. The property must be a one, two, or three family residence, a farm dwelling, or residential property held in condominium or cooperative form of ownership.
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