Expands the residential redevelopment inhibited property exemption to all cities, towns, or villages in New York.

This bill amends the real property tax law to expand the residential redevelopment inhibited property exemption to all cities, towns, or villages in New York. It allows for the exemption of certain residential properties from taxation if they meet specific criteria, such as being neglected or abandoned. The exemption applies to properties undergoing redevelopment and requires annual residency affidavits. The exemption ceases if the property is no longer owner-occupied or if the owner is convicted of certain violations.

Expands the residential redevelopment inhibited property exemption to all cities, towns, or villages in New York.

This bill amends the real property tax law to expand the residential redevelopment inhibited property exemption to all cities, towns, or villages in New York. It allows for the exemption of certain residential properties from taxation if they meet specific criteria, such as being neglected or abandoned. The exemption applies to properties undergoing redevelopment and requires annual residency affidavits. The exemption ceases if the property is no longer owner-occupied or if the owner is convicted of certain violations.