New York Assembly Bill A08846

New York 2025-2026 Regular Session

• Introduced: 6/9/25
• Refer: 6/9/25

Caption

Prohibits the sale of tax liens by a tax district in a city with a population of one million or more.

Impact

The bill significantly alters the landscape of tax law in New York City by preventing tax districts from offloading their tax liens. This change means that jurisdictions will need to explore alternative means of managing delinquent taxes, which may include enhanced collection efforts or payment plans tailored to help residents. Proponents argue that this measure will contribute to greater housing stability and fairness in property taxation, especially in a city characterized by its high population density and economic challenges.

Summary

Bill A08846 proposes to amend the real property tax law and the administrative code of New York City by prohibiting the sale of tax liens by any tax district located in a city with a population of one million or more. The legislation aims to protect property owners in densely populated urban areas from the potential consequences of tax lien sales, which can lead to the loss of properties and increase financial burdens on vulnerable populations. The bill's introduction comes amidst growing concerns about the practices surrounding tax lien sales and their impact on residents' stability and housing security.

Contention

Notable points of contention regarding A08846 revolve around concerns over the financial implications for municipalities and the balance between revenue collection and resident protection. Critics argue that without the ability to sell tax liens, cities may face a shortfall in the revenue necessary to maintain public services. On the other hand, supporters maintain that protecting homeowners from predatory practices is paramount and could foster a healthier community overall. This legislation reflects an ongoing debate about how best to manage delinquent taxes while also safeguarding the rights of property owners in urban settings.