New York S00265 directs the state board of real property tax services to study real property tax saturation.

New York S00265 mandates the state board of real property tax services to conduct a comprehensive study on real property tax saturation. This study will examine the impact of high percentages of tax-exempt real property within municipalities on the economic viability of these areas. The study will include the percentage of real property exempt from taxation in each county, an examination of counties with the highest percentages of exempt property, and the impact of such exemptions on the housing market, small business growth, job creation, population changes, and the number of tax-exempt.

New York S00265 directs the state board of real property tax services to study real property tax saturation.

New York S00265 mandates the state board of real property tax services to conduct a comprehensive study on real property tax saturation. This study will examine the impact of high percentages of tax-exempt real property within municipalities on the economic viability of these areas. The study will include the percentage of real property exempt from taxation in each county, an examination of counties with the highest percentages of exempt property, and the impact of such exemptions on the housing market, small business growth, job creation, population changes, and the number of tax-exempt.