New York S00821 amends assessment relief for disaster victims in eligible municipalities.

New York S00821 amends the real property tax law to provide assessment relief for victims of local or major disasters in eligible municipalities. Eligible municipalities include counties, cities, towns, villages, school districts, and special districts impacted by such disasters. Eligible properties are residential real properties with three or fewer dwelling units affected by a disaster. Participating municipalities can opt-in to provide assessment relief, which involves reducing the assessed value of improvements based on the percentage of damage.

New York S00821 amends assessment relief for disaster victims in eligible municipalities.

New York S00821 amends the real property tax law to provide assessment relief for victims of local or major disasters in eligible municipalities. Eligible municipalities include counties, cities, towns, villages, school districts, and special districts impacted by such disasters. Eligible properties are residential real properties with three or fewer dwelling units affected by a disaster. Participating municipalities can opt-in to provide assessment relief, which involves reducing the assessed value of improvements based on the percentage of damage.