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New YorkA 36982025-2026 Regular SessionHouseWALLET

Relates to exemptions from real property taxes for senior citizens

Sponsored By: David Weprin (Democratic)

Became Law

REAL PROPERTY TAXATIONWAYS AND MEANSRULES

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Bigger property tax break for seniors

Your town can choose to give bigger property tax breaks to senior homeowners. It creates $1,000 income steps below the town’s maximum income limit (M) for the senior exemption. Exemptions of your home’s assessed value are: under M but over M-$1,000: 50%; under M-$1,000 but over M-$2,000: 55%; under M-$2,000 but over M-$3,000: 60%; under M-$3,000: 65%. You must be 65 or older and have income below M. Beginning January 1, 2026, these larger exemptions apply only where the local government adopts this option.

Sponsors & Cosponsors

Sponsor

  • David Weprin

    Democratic • House

Cosponsors

  • George Alvarez

    Democratic • House

  • Jaime R. Williams

    Democratic • House

  • Judy Griffin

    Democratic • House

  • Noah Burroughs

    Democratic • House

  • Paula Kay

    Democratic • House

  • Stacey Pheffer Amato

    Democratic • House

  • Steven Otis

    Democratic • House

  • William Colton

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 59 • No: 0

House vote • 6/11/2025

FLOOR Vote

Yes: 59 • No: 0

Actions Timeline

  1. SIGNED CHAP.581

    12/5/2025House

  2. DELIVERED TO GOVERNOR

    12/1/2025House

  3. RETURNED TO ASSEMBLY

    6/11/2025Senate

  4. PASSED SENATE

    6/11/2025Senate

  5. 3RD READING CAL.716

    6/11/2025Senate

  6. SUBSTITUTED FOR S5175A

    6/11/2025Senate

  7. REFERRED TO RULES

    6/6/2025Senate

  8. DELIVERED TO SENATE

    6/6/2025House

  9. PASSED ASSEMBLY

    6/6/2025House

  10. ORDERED TO THIRD READING RULES CAL.426

    6/6/2025House

  11. RULES REPORT CAL.426

    6/6/2025House

  12. REPORTED

    6/6/2025House

  13. REPORTED REFERRED TO RULES

    6/4/2025House

  14. REPORTED REFERRED TO WAYS AND MEANS

    4/2/2025House

  15. PRINT NUMBER 3698A

    3/27/2025House

  16. AMEND AND RECOMMIT TO REAL PROPERTY TAXATION

    3/27/2025House

  17. REFERRED TO REAL PROPERTY TAXATION

    1/30/2025House

Bill Text

  • Amendment A

    3/27/2025

    PDF

  • Original

    1/30/2025

    PDF

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