New York S08280 amends the real property tax law to establish a rebate for certain property owners in New York City for the fiscal year starting July.

New York S08280 amends the real property tax law to allow cities with a population of one million or more to grant a rebate of the annual tax for eligible properties. An eligible property is one that serves as the primary residence of the owner and was the primary residence for the ninety days prior to June 15, 2025. The rebate amount is the lesser of $175 or the annual tax imposed on the property. The bill also outlines conditions for denial or revocation of the rebate, including if the property does not serve as the primary residence or if the owner's income exceeds specified limits.

New York S08280 amends the real property tax law to establish a rebate for certain property owners in New York City for the fiscal year starting July.

New York S08280 amends the real property tax law to allow cities with a population of one million or more to grant a rebate of the annual tax for eligible properties. An eligible property is one that serves as the primary residence of the owner and was the primary residence for the ninety days prior to June 15, 2025. The rebate amount is the lesser of $175 or the annual tax imposed on the property. The bill also outlines conditions for denial or revocation of the rebate, including if the property does not serve as the primary residence or if the owner's income exceeds specified limits.