New York S05480 amends tax law to establish homeowner rights and assistance programs.

New York S05480 amends the real property tax law to establish a homeowner bill of rights, including the right to a pre-foreclosure settlement conference, interest rates on unpaid taxes, and installment plans for delinquent taxes. It also creates a senior, disabled, and veteran homeowner real property tax assistance program within the social services law, providing tax assistance to eligible households. The bill mandates that local taxing jurisdictions offer pre-foreclosure settlement conferences and allows homeowners to enter into repayment plans.

New York S05480 amends tax law to establish homeowner rights and assistance programs.

New York S05480 amends the real property tax law to establish a homeowner bill of rights, including the right to a pre-foreclosure settlement conference, interest rates on unpaid taxes, and installment plans for delinquent taxes. It also creates a senior, disabled, and veteran homeowner real property tax assistance program within the social services law, providing tax assistance to eligible households. The bill mandates that local taxing jurisdictions offer pre-foreclosure settlement conferences and allows homeowners to enter into repayment plans.