New York S00852 provides a five-year property tax exemption of up to $15,000 for renovated primary residential properties.

New York S00852, known as the "homebuyer renovation property tax exemption act," grants a property tax exemption of up to $15,000 for primary residential properties purchased and renovated within five years. This exemption applies to any county, city, town, village, or school district where the property is located. The exemption is granted upon application by the property owner and requires the property to remain owner-occupied. The exemption ceases if the property is leased, sold, or ceases to be used for residential purposes.

New York S00852 provides a five-year property tax exemption of up to $15,000 for renovated primary residential properties.

New York S00852, known as the "homebuyer renovation property tax exemption act," grants a property tax exemption of up to $15,000 for primary residential properties purchased and renovated within five years. This exemption applies to any county, city, town, village, or school district where the property is located. The exemption is granted upon application by the property owner and requires the property to remain owner-occupied. The exemption ceases if the property is leased, sold, or ceases to be used for residential purposes.