Authorizes a town with a population between 69,000 and 69,500 to enact a homestead exemption

Southampton can offer homeowner tax relief

The law lets Southampton, Suffolk County, adopt a home exemption from town property taxes by local law. This authority covers only a town with 69,000 to 69,500 people in the 2020 census. Homes must meet basic STAR property tax relief eligibility rules. The exemption must be uniform for eligible properties and cannot exceed $50,000 of full property value—not $50,000 in tax savings. Owners must file the state tax commissioner's prescribed form with the town assessor by the town's taxable status date. The act takes effect immediately and applies to assessment rolls with taxable status dates on or after its effective date. Section 1 follows the effective date and terms of the related 2024 Southampton law; no calendar date is provided.