PRIA Logo™
New YorkS 8212025-2026 Regular SessionSenateWALLET

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

Sponsored By: Andrea Stewart-Cousins (Democratic)

Became Law

RULESWAYS AND MEANS

Your PRIA Score

Score Hidden

Personalized for You

How does this bill affect your finances?

Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.

Free to start

Bill Overview

Analyzed Economic Effects

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

Graded tax cuts for damaged homes

The law cuts the assessed value of damaged improvements using set brackets tied to your percent loss. For example, a 20–29% loss gets a 25% cut; very heavy damage gets up to 95%, and condemned or uninhabitable homes get 100%. Your town must adopt the program and may choose which loss ranges to cover, cap the dollar savings, and limit relief to up to four tax years.

State protects school aid after relief

If local disaster tax relief cuts the state aid tied to school tax savings, the state makes the district whole. School districts in affected counties are held harmless. The law does not list dollar amounts.

Who qualifies for disaster tax relief

Relief applies only in places that pass a local law after a public hearing. Eligible homes have three or fewer units, with at least one owner‑occupied before the disaster; homes sold after the disaster do not qualify. Your town sets the application deadline, any dollar cap, and how many future years (up to four) the break applies. It also sets a minimum damage threshold, which cannot be over 50%; if the town does not set one, 50% applies. Only disasters on or after January 1, 2020 qualify. Some towns may also include owner‑occupied small businesses.

How to apply and appeal

File the state form with your assessor by your town’s deadline. Include FEMA or insurance reports if you have them, or appraisals, photos, SBA or insurance documents, or affidavits; your town may require notarized papers. The assessor classifies your loss and must mail a decision within 30 days after the deadline; you can appeal to the board of assessment review, which mails its decision within 15 days of the hearing. If taxes were already billed, you get a corrected bill; if paid, you receive a refund. Interest or tax penalties do not affect eligibility. Owners who caused the damage on purpose cannot get this relief.

Sponsors & Cosponsors

Sponsor

  • Andrea Stewart-Cousins

    Democratic • Senate

Cosponsors

  • Robert Jackson

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 80 • 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

Related Bills

Back to State Legislation