New York S00803 authorizes a town with a population between 69,000 and 69,500 to enact a homestead exemption.

New York S00803 amends the laws of 2024 to authorize a town with a population between 69,000 and 69,500 as of the 2020 census to enact a homestead exemption. This exemption mirrors the basic school tax relief (STAR) exemption, applies uniformly to all eligible real property, and does not exceed $50,000 in full assessed value. It requires an application by the property owner, filed with the town assessor before the taxable status date.

New York S00803 authorizes a town with a population between 69,000 and 69,500 to enact a homestead exemption.

New York S00803 amends the laws of 2024 to authorize a town with a population between 69,000 and 69,500 as of the 2020 census to enact a homestead exemption. This exemption mirrors the basic school tax relief (STAR) exemption, applies uniformly to all eligible real property, and does not exceed $50,000 in full assessed value. It requires an application by the property owner, filed with the town assessor before the taxable status date.