New York S04019 exempts improvements to historic real property from local real estate tax in cities with a million or more residents, provided the.
New York S04019 amends the real property tax law to exempt improvements to historic real property from local real estate tax in cities with a million or more residents. The exemption applies to one, two, or three-family residences that are owner-occupied and designated as historic landmarks by the appropriate local agency. The exemption requires the governing body of the municipality to adopt a local law or resolution after a public hearing.
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