New York A08806 amends the real property tax law to provide a rebate for certain property owners in New York City for the fiscal year starting July.

New York A08806 amends the real property tax law to authorize a rebate for eligible property owners in New York City for the fiscal year commencing July 1, 2024. The rebate amount is the lesser of $150 or the annual tax imposed on the property. To qualify, the property must serve as the primary residence of the owner, and the owner's gross income must be $500,000 or less. The rebate can be applied to unpaid real property taxes, assessments, and charges, excluding water rents, sewer rents, and sewer surcharges.

New York A08806 amends the real property tax law to provide a rebate for certain property owners in New York City for the fiscal year starting July.

New York A08806 amends the real property tax law to authorize a rebate for eligible property owners in New York City for the fiscal year commencing July 1, 2024. The rebate amount is the lesser of $150 or the annual tax imposed on the property. To qualify, the property must serve as the primary residence of the owner, and the owner's gross income must be $500,000 or less. The rebate can be applied to unpaid real property taxes, assessments, and charges, excluding water rents, sewer rents, and sewer surcharges.