New York S06427 grants a total exemption from real property school tax for certain elderly residents.

New York S06427 amends the real property tax law to provide a total exemption from real property school tax for property owned by individuals aged seventy-five or older, or by spouses or siblings where one is seventy-five or older. This exemption applies if the owner has no children in the school district and has resided in the district for at least thirty years. The exemption extends to one, two, or three family residences, farm dwellings, or residential properties held in condominium or cooperative form.

New York S06427 grants a total exemption from real property school tax for certain elderly residents.

New York S06427 amends the real property tax law to provide a total exemption from real property school tax for property owned by individuals aged seventy-five or older, or by spouses or siblings where one is seventy-five or older. This exemption applies if the owner has no children in the school district and has resided in the district for at least thirty years. The exemption extends to one, two, or three family residences, farm dwellings, or residential properties held in condominium or cooperative form.