Several property tax-related bills still awaiting delivery to Governor Hochul
With just over a month before the end of the year, several property tax-related bills remain to be delivered to Governor Hochul. Included are the following:
- Assembly Bill No. 3491-b (the long-awaited Condo Bill) would give localities the option to assess new condos and co-ops using the market approach (rather than the income approach).
- Assembly Bill No. 10155-a would give localities statewide the option to offer an exemption for volunteer firefighters and ambulance workers, while standardizing the exemption criteria in jurisdictions that currently offer the exemption.
- Assembly Bill No. 1980 would require a second notice to be sent to homeowners regarding potential eligibility for the senior citizens exemption.
Once a bill is delivered, the Governor generally has 10 days (not counting Sundays) to decide whether to sign it into law or veto it. Stay up-to-date on all of this session’s property tax-related bills at Current status of property tax-related legislation.
Also, stay informed about property tax-related news
The news doesn’t stop during the holidays. Stay on top of property tax-related stories by visiting Assessment and Property Tax News. Many thanks to the team members who add links every afternoon!
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Send comments and suggestions to real.property@tax.ny.gov. Thank you!
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