Establishes the 13 member temporary state commission on New York city property tax reform to propose property tax reform for the city of New York that promotes fairness, clarity, and simplicity; that eliminates structural inequality and taxes similar properties similarly; that encourages the development and preservation of affordable and multifamily housing; that includes owner relief programs and an approach to transition that insures low- and moderate-income owners have affordable tax bills and that primary residents are not displaced from their homes; and that does not diminish revenue for the city of New York.
Adds a person with a disability who has their primary residence in a special needs trust, or a property owner who has a tenant with a disability whose lease provides them with a life interest in the property as long as the tenant remains in residence as eligible for a real property tax exemption pursuant to section 459-c of the real property tax law.
Provides for the refund of penalties accrued on 2023-2024 real property taxes due to the specific failure by the USPS to deliver bills to owners in the town of Scarsdale, county of Westchester.
Exempts water system property owned by a private water-works corporation located in counties with a population of one million or more that are special assessing units from being included as special franchise property.
Authorizes a retroactive real property tax exemption for Hicksville United Methodist Church in the county of Nassau for general taxes years 2022 and 2023 and school taxes years 2021-2022 and 2022-2023.
Extends limitations on the shift between classes of taxable property in the town of Orangetown, County of Rockland for the 2024--2025 assessment rolls.
Authorizes the Calvary Tabernacle Church of God to file an application for exemption from real property taxes for the 2021-2022 and 2022-2023 assessment rolls.
Authorizes the assessor of the city of Long Beach, county of Nassau, to accept from New Beth El, Inc. an application for exemption from real property taxes during the 2019-2020 assessment roll.
Relates to the term "income" for purposes of the school tax relief exemption; adds 401(k) and 403(b) accounts to the list of eligible income deductions when determining Enhanced STAR eligibility.
Allows for the taxation of state property located in the city of Ogdensburg, except the lands controlled and operated on by the Ogdensburg Bridge & Port Authority.