Establishes a real property tax exemption for certain full-time residents in eligible counties.
New York S09287 establishes a real property tax exemption for certain full-time residents in eligible counties. The exemption applies to qualifying residential properties that are either owner-occupied by someone enrolled in or eligible for the STAR exemption or credit, or rented to a tenant for at least twelve months who occupies the property as their primary residence. The exemption is limited to ten percent of the assessed value of the property.
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