New York A11484 amends the real property tax law to deny tax exemptions to units unless owners agree to maintain them as primary residences for at.

New York A11484 amends the real property tax law to ensure that tax exemptions are not granted for any unit unless the owner agrees in writing to maintain the unit as their primary residence for no less than five years from the acquisition of the unit. This provision applies to all units, regardless of their assessed value, and is part of the Affordable Neighborhoods for New Yorkers tax incentive program.

New York A11484 amends the real property tax law to deny tax exemptions to units unless owners agree to maintain them as primary residences for at.

New York A11484 amends the real property tax law to ensure that tax exemptions are not granted for any unit unless the owner agrees in writing to maintain the unit as their primary residence for no less than five years from the acquisition of the unit. This provision applies to all units, regardless of their assessed value, and is part of the Affordable Neighborhoods for New Yorkers tax incentive program.