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New YorkS 8212025-2026 Regular SessionSenateWALLET

Relates to assessment relief for victims of a local or major disaster

Sponsored By: Andrea Stewart-Cousins (Democratic)

Signed by Governor

RULESWAYS AND MEANS

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Bill Overview

Analyzed Economic Effects

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

Disaster tax relief with homeowner limits

New York municipalities can adopt property tax relief after a public hearing; relief is not automatic statewide. Eligible homes have three or fewer units, with at least one owner-occupied immediately before the disaster. Local governments can also include owner-occupied small businesses. Relief covers only disasters on or after January 1, 2020; earlier disasters are excluded. The default damage threshold is a 50% loss of total assessed value; local governments can lower it, but not raise it. Relief reduces the assessed value of buildings and other improvements, not land. Reductions are 15% for damage of 10% to under 20%, then rise 10 percentage points per damage bracket. They reach 95% for damage of 90% to under 100%, and 100% for total loss. Local governments can cap each property's tax savings and cover the affected tax roll plus up to four later tax years. If locally authorized, disaster-damaged properties declared uninhabitable or condemned—or undergoing that process—receive a 100% improvements exemption while that status continues. Local benefit caps still apply. Owners must apply to the assessor by the local deadline with damage records, such as insurance reports, appraisals, or photographs. Assessors decide eligibility and loss brackets, notify owners, and provide access to local appeals. Tax bills are corrected when possible; owners who already paid receive refunds. Owners who intentionally contributed to the damage cannot qualify, and relief does not erase overdue-tax interest or penalties. After an ownership transfer, the new owner's use must meet eligibility rules. The law took effect immediately and applies retroactively from January 1, 2020.

Schools protected from disaster-relief aid cuts

New York must protect qualifying school districts from state-aid cuts caused by this disaster property tax relief. Districts qualify when they lie wholly or partly within an eligible county. This protects specified state aid, not every possible loss of local tax revenue. It does not provide a direct household payment. The law took effect immediately and applies from January 1, 2020.

Sponsors & Cosponsors

Sponsor

  • Andrea Stewart-Cousins

    Democratic • Senate

Cosponsors

  • Robert Jackson

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 225 • No: 0

House vote • 2/5/2025

Assembly floor vote

Yes: 145 • No: 0

Senate vote • 1/22/2025

FLOOR Vote

Yes: 59 • No: 0

committee vote • 1/13/2025

Rules Committee Vote

Yes: 21 • No: 0

Actions Timeline

  1. SIGNED CHAP.95

    2/14/2025Senate

  2. DELIVERED TO GOVERNOR

    2/12/2025Senate

  3. RETURNED TO SENATE

    2/5/2025House

  4. PASSED ASSEMBLY

    2/5/2025House

  5. ORDERED TO THIRD READING RULES CAL.90

    2/5/2025House

  6. SUBSTITUTED FOR A416

    2/5/2025House

  7. REFERRED TO WAYS AND MEANS

    1/22/2025House

  8. DELIVERED TO ASSEMBLY

    1/22/2025Senate

  9. PASSED SENATE

    1/22/2025Senate

  10. ORDERED TO THIRD READING CAL.95

    1/13/2025Senate

  11. REFERRED TO RULES

    1/8/2025Senate

Bill Text

  • Original

    1/6/2025

    PDF

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