Increases the enhanced STAR property tax deduction and provides a total exemption from school taxes for certain persons eighty years of age and older.

The bill amends the real property tax law to increase the enhanced STAR property tax deduction for tax for final assessment rolls to be completed after two thousand twenty-six. It also provides a total exemption from school taxes for certain persons eighty years of age and older. The exemption applies to property owned by senior citizens who meet specific criteria. The bill takes effect immediately and applies to assessment rolls completed on and after January 1, 2026.

Increases the enhanced STAR property tax deduction and provides a total exemption from school taxes for certain persons eighty years of age and older.

The bill amends the real property tax law to increase the enhanced STAR property tax deduction for tax for final assessment rolls to be completed after two thousand twenty-six. It also provides a total exemption from school taxes for certain persons eighty years of age and older. The exemption applies to property owned by senior citizens who meet specific criteria. The bill takes effect immediately and applies to assessment rolls completed on and after January 1, 2026.