NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A7544
SPONSOR: Lupardo TITLE OF BILL:
An act to amend the real property tax law, in relation to increasing
maximum income eligibility levels for real property tax exemptions for
seniors
PURPOSE:
To gradually increase the income levels for the senior citizen partial
real property tax exemption that may be enacted by local governments
over multiple years.
SUMMARY OF PROVISIONS:
Section 1 of this bill amends subparagraph 1 of paragraph (b) of subdi-
vision 1 of section 467 of the Real Property Tax Law to increase the
income eligibility levels for the partial real property tax exemption
that local governments may provide to property owners who are at least
65 years old.
The exemption, which ranges from 5% to 45% of the property's assessed
value, uses a sliding scale based on the property owner's income to
determine the exemption amount. For years beginning before July 1, 2019,
the maximum exemption of 45% would be available to property owners with
an income that is less than the maximum income level for the locality
plus $1,000. The minimum exemption of 5% would be available to property
owners with an income that is less than the maximum income level for the
locality plus $8,400.
Section 2 of this bill changes the letters for paragraphs (c) and (d) of
subdivision 1 of section 467 of the Real Property Tax Law to (g) and
(h), respectively, and adds paragraphs (c), (d), (e), and (0 to subdivi-
sion 1 to address the exemption for different years. For years beginning
on and after July 1, 2019 and before July 1, 2020, the maximum exemption
of 45% would be available to property owners with an income that is less
than the maximum income level for the locality plus $1,250. The minimum
exemption of 5% would be available to property owners with an income
that is less than the maximum income level for the locality plus
$10,500.
For years beginning on and after July 1, 2020 and before July 1, 2021,
the maximum exemption of 45% would be available to property owners with
an income that is less than the maximum income level for the locality
plus $1,500. The minimum exemption of 5% would be available to property
owners with an income that is less than the maximum income level for the
locality plus $12,600.
For years beginning on and after July 1, 2021 and before July 1, 2022,
the maximum exemption of 45% would be available to property owners with
an income that is less than the maximum income level for the locality
plus $1,750. The minimum exemption of 5% would be available to property
owners with an income that is less than the maximum income level for the
locality plus $14,700.
For years beginning on and after July 1, 2022, the maximum exemption of
45% would be available to property owners with an income that is less
than the maximum income level for the locality plus $2,000. The minimum
exemption of 5% would be available to property owners with an income
that is less than the maximum income level for the locality plus
$16,800.
Section 3 of this bill provides that this act shall take effect imme-
diately.
EXISTING LAW:
Real Property Tax Law section 467 currently authorizes local governments
to provide a partial real property tax exemption to property owners who
are at least 65 years of age.
JUSTIFICATION:
Local governments have the option to provide a partial real property tax
exemption to senior citizens based upon their income. This partial
exemption can range from 5% of the property's assessed value to 45%
percent of the property's assessed value. The income limitation for the
5% partial exemption, which was enacted in 1995, has never been
increased. The income limitation for the remaining partial exemptions
have not been increased since 1994.
This bill would allow local governments to increase the income limita-
tions for these partial exemptions so that more senior citizens could
receive increased relief from their local real property taxes.
LEGISLATIVE HISTORY:
2016: S.1074-A - Passed the Senate
2015: S.1074 - Passed the Senate
2014: S.3585-A - Referred to Aging
2013: S3585-A - 3rd Reading Calendar
2012: S.2212-A - Passed the Senate
2011: S.2212-A - 3rd Reading. Calendar
2010: S.2022 - Referred to Aging
2009: S.2022 - Referred to Aging
2008: S.2818-A - Passed the Senate
2007: S.2818-A - Passed the Senate
FISCAL IMPLICATIONS:
None to the State.
EFFECTIVE DATE:
The act shall take effect immediately.
STATE OF NEW YORK
________________________________________________________________________
7544
2017-2018 Regular Sessions
IN ASSEMBLY
May 1, 2017
___________
Introduced by M. of A. LUPARDO -- read once and referred to the Commit-
tee on Aging
AN ACT to amend the real property tax law, in relation to increasing
maximum income eligibility levels for real property tax exemptions for
seniors
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subparagraph 1 of paragraph (b) of subdivision 1 of section
2 467 of the real property tax law, as amended by chapter 261 of the laws
3 of 1994, is amended to read as follows:
4 (1) [Any] Prior to July first, two thousand nineteen, any local law,
5 ordinance or resolution adopted pursuant to paragraph (a) of this subdi-
6 vision may be amended, or a local law, ordinance or resolution may be
7 adopted, to provide an exemption so as to increase the maximum income
8 eligibility level of such municipal corporation as provided in subdivi-
9 sion three of this section (represented in the hereinbelow schedule as
10 M), to the extent provided in the following schedule:
11 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
12 EXEMPT FROM TAXATION
13 More than (M) but
14 less than (M+ $1,000) 45 per centum
15 (M+ $1,000 or more) but
16 less than (M+ $2,000) 40 per centum
17 (M+ $2,000 or more) but
18 less than (M+ $3,000) 35 per centum
19 (M+ $3,000 or more) but
20 less than (M+ $3,900) 30 per centum
21 (M+ $3,900 or more) but
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD03631-01-7
A. 7544 2
1 less than (M+ $4,800) 25 per centum
2 (M+ $4,800 or more) but
3 less than (M+ $5,700) 20 per centum
4 § 2. Paragraphs (c) and (d) of subdivision 1 of section 467 of the
5 real property tax law are relettered paragraphs (g) and (h) and four new
6 paragraphs (c), (d), (e) and (f) are added to read as follows:
7 (c) On and after July first, two thousand nineteen and before July
8 first, two thousand twenty, (1) Any local law, ordinance or resolution
9 adopted pursuant to paragraph (a) of this subdivision may be amended, or
10 a local law, ordinance or resolution may be adopted, to provide an
11 exemption so as to increase the maximum income eligibility level of such
12 municipal corporation as provided in subdivision three of this section
13 (represented in the hereinbelow schedule as M), to the extent provided
14 in the following schedule:
15 ANNUAL INCOMEPERCENTAGE ASSESSED VALUATION
16 EXEMPT FROM TAXATION
17 More than (M) but
18 less than (M+ $1,250)45 per centum
19 (M+ $1,250 or more) but
20 less than (M+ $2,500)40 per centum
21 (M+ $2,500 or more) but
22 less than (M+ $3,750)35 per centum
23 (M+ $3,750 or more) but
24 less than (M+ $4,875)30 per centum
25 (M+ $4,875 or more) but
26 less than (M+ $6,000)25 per centum
27 (M+ $6,000 or more) but
28 less than (M+ $7,125)20 per centum
29 (2) Any local law, ordinance or resolution adopted pursuant to subpar-
30 agraph one of this paragraph may be amended, or a local law, ordinance
31 or resolution may be adopted, to provide an exemption so as to increase
32 the maximum income eligibility level of such municipal corporation as
33 provided in subdivision three of this section (represented in the here-
34 inbelow schedule as M), and as increased as provided for in such subpar-
35 agraph one to the extent provided in the following schedule:
36 ANNUAL INCOMEPERCENTAGE ASSESSED VALUATION
37 EXEMPT FROM TAXATION
38 (M+ $7,125 or more) but
39 less than (M+ $8,250)15 per centum
40 (M+ $8,250 or more) but
41 less than (M+ $9,375)10 per centum
42 (3) Any local law, ordinance or resolution adopted pursuant to subpar-
43 agraphs one and two of this paragraph may be amended, or a local law,
44 ordinance or resolution may be adopted, to provide an exemption so as to
45 increase the maximum income eligibility level of such municipal corpo-
46 ration as provided in subdivision three of this section (represented in
47 the hereinbelow schedule as M), and as increased as provided for in such
48 subparagraph one to the extent provided in the following schedule:
49 ANNUAL INCOMEPERCENTAGE ASSESSED VALUATION
50 EXEMPT FROM TAXATION
A. 7544 3
1 (M+ $9,375 or more)
2 but less than (M+ $10,500)5 per centum
3 (d) On and after July first, two thousand twenty and before July
4 first, two thousand twenty-one, (1) Any local law, ordinance or resol-
5 ution adopted pursuant to paragraph (a) of this subdivision may be
6 amended, or a local law, ordinance or resolution may be adopted, to
7 provide an exemption so as to increase the maximum income eligibility
8 level of such municipal corporation as provided in subdivision three of
9 this section (represented in the hereinbelow schedule as M), to the
10 extent provided in the following schedule:
11 ANNUAL INCOMEPERCENTAGE ASSESSED VALUATION
12 EXEMPT FROM TAXATION
13 More than (M) but45 per centum
14 less than (M+ $1,500)
15 (M+ $1,500 or more) but40 per centum
16 less than (M+ $3,000)
17 (M+ $3,000 or more) but
18 less than (M+ $4,500)35 per centum
19 (M+ $4,500 or more) but
20 less than (M+ $5,850)30 per centum
21 (M+ $5,850 or more) but
22 less than (M+ $7,200)25 per centum
23 (M+ $7,200 or more) but
24 less than (M+ $8,550)20 per centum
25 (2) Any local law, ordinance or resolution adopted pursuant to subpar-
26 agraph one of this paragraph may be amended, or a local law, ordinance
27 or resolution may be adopted, to provide an exemption so as to increase
28 the maximum income eligibility level of such municipal corporation as
29 provided in subdivision three of this section (represented in the here-
30 inbelow schedule as M), and as increased as provided for in such subpar-
31 agraph one to the extent provided in the following schedule:
32 ANNUAL INCOMEPERCENTAGE ASSESSED VALUATION
33 EXEMPT FROM TAXATION
34 (M+ $8,550 or more) but
35 less than (M+ $9,900)15 per centum
36 (M+ $9,900 or more) but
37 less than (M+ $11,250)10 per centum
38 (3) Any local law, ordinance or resolution adopted pursuant to subpar-
39 agraphs one and two of this paragraph may be amended, or a local law,
40 ordinance or resolution may be adopted to provide an exemption so as to
41 increase the maximum income eligibility level of such municipal corpo-
42 ration as provided in subdivision three of this section (represented in
43 the hereinbelow schedule as M), and as increased as provided for in such
44 subparagraph one to the extent provided in the following schedule:
45 ANNUAL INCOMEPERCENTAGE ASSESSED VALUATION
46 EXEMPT FROM TAXATION
47 (M+ $11,250 or more)
48 but less than (M+ $12,600)5 per centum
A. 7544 4
1 (e) On and after July first, two thousand twenty-one and before July
2 first, two thousand twenty-two, (1) Any local law, ordinance or resol-
3 ution adopted pursuant to paragraph (a) of this subdivision may be
4 amended, or a local law, ordinance or resolution may be adopted, to
5 provide an exemption so as to increase the maximum income eligibility
6 level of such municipal corporation as provided in subdivision three of
7 this section (represented in the hereinbelow schedule as M), to the
8 extent provided in the following schedule:
9 ANNUAL INCOMEPERCENTAGE ASSESSED VALUATION
10 EXEMPT FROM TAXATION
11 More than (M) but
12 less than (M+ $1,750)45 per centum
13 (M+ $1,750 or more) but
14 less than (M+ $3,500)40 per centum
15 (M+ $3,500 or more) but
16 less than (M+ $5,250)35 per centum
17 (M+ $5,250 or more) but
18 less than (M+ $6,825)30 per centum
19 (M+ $6,825 or more) but
20 less than (M+ $8,400)25 per centum
21 (M+ $8,400 or more) but
22 less than (M+ $9,975)20 per centum
23 (2) Any local law, ordinance or resolution adopted pursuant to subpar-
24 agraph one of this paragraph may be amended, or a local law, ordinance
25 or resolution may be adopted, to provide an exemption so as to increase
26 the maximum income eligibility level of such municipal corporation as
27 provided in subdivision three of this section (represented in the here-
28 inbelow schedule as M), and as increased as provided for in such subpar-
29 agraph one to the extent provided in the following schedule:
30 ANNUAL INCOMEPERCENTAGE ASSESSED VALUATION
31 EXEMPT FROM TAXATION
32 (M+ $9,975 or more) but
33 less than (M+ $11,550)15 per centum
34 (M+ $11,550 or more) but
35 less than (M+ $13,125)10 per centum
36 (3) Any local law, ordinance or resolution adopted pursuant to subpar-
37 agraphs one and two of this paragraph may be amended, or a local law,
38 ordinance or resolution may be adopted, to provide an exemption so as to
39 increase the maximum income eligibility level of such municipal corpo-
40 ration as provided in subdivision three of this section (represented in
41 the hereinbelow schedule as M), and as increased as provided for in such
42 subparagraph one to the extent provided in the following schedule:
43 ANNUAL INCOMEPERCENTAGE ASSESSED VALUATION
44 EXEMPT FROM TAXATION
45 (M+ $13,125 or more)
46 but less than (M+ $14,700)5 per centum
A. 7544 5
1 (f) On and after July first, two thousand twenty-two, (1) Any local
2 law, ordinance or resolution adopted pursuant to paragraph (a) of this
3 subdivision may be amended, or a local law, ordinance or resolution may
4 be adopted, to provide an exemption so as to increase the maximum income
5 eligibility level of such municipal corporation as provided in subdivi-
6 sion three of this section (represented in the hereinbelow schedule as
7 M), to the extent provided in the following schedule:
8 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
9 EXEMPT FROM TAXATION
10 More than (M) but
11 less than (M+ $2,000)45 per centum
12 (M+ $2,000 or more) but
13 less than (M+ $4,000)40 per centum
14 (M+ $4,000 or more) but
15 less than (M+ $6,000)35 per centum
16 (M+ $6,000 or more) but
17 less than (M+ $7,800)30 per centum
18 (M+ $7,800 or more) but
19 less than (M+ $9,600)25 per centum
20 (M+ $9,600 or more) but
21 less than (M+ $11,400)20 per centum
22 (2) Any local law, ordinance or resolution adopted pursuant to subpar-
23 agraph one of this paragraph may be amended, or a local law, ordinance
24 or resolution may be adopted, to provide an exemption so as to increase
25 the maximum income eligibility level of such municipal corporation as
26 provided in subdivision three of this section (represented in the here-
27 inbelow schedule as M), and as increased as provided for in such subpar-
28 agraph one to the extent provided in the following schedule:
29 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
30 EXEMPT FROM TAXATION
31 (M+ $11,400 or more) but
32 less than (M+ $13,200)15 per centum
33 (M+ $13,200 or more) but
34 less than (M+ $15,000)10 per centum
35 (3) Any local law, ordinance or resolution adopted pursuant to subpar-
36 agraphs one and two of this paragraph may be amended, or a local law,
37 ordinance or resolution may be adopted, to provide an exemption so as to
38 increase the maximum income eligibility level of such municipal corpo-
39 ration as provided in subdivision three of this section (represented in
40 the hereinbelow schedule as M), and as increased as provided for in such
41 subparagraph one to the extent provided in the following schedule:
42 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
43 EXEMPT FROM TAXATION
44 (M+ $15,000 or more) but
45 less than (M+ $16,800)5 per centum
46 § 3. This act shall take effect immediately.
