New York S 9287: Establishes a real property tax exemption for certain property owners who reside full-time on such property in certain counties

Bill Text

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S09287 Summary:

BILL NOS09287A

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SAME ASSAME AS A11243-A

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SPONSORHINCHEY

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Add §421-r, RPT L

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Establishes a real property tax exemption for certain property owners who reside full-time on such property in certain counties; requires that such owners occupy such property as their primary residence and are enrolled in or eligible for the STAR exemption or credit or that such owners rent to a tenant for a term of at least twelve months and such tenant occupies such property as their primary residence.

Go to top S09287 Actions:

BILL NOS09287A

&nbsp

02/25/2026REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

05/18/2026REPORTED AND COMMITTED TO FINANCE

05/28/2026AMEND AND RECOMMIT TO FINANCE

05/28/2026PRINT NUMBER 9287A

06/04/2026COMMITTEE DISCHARGED AND COMMITTED TO RULES

06/04/2026ORDERED TO THIRD READING CAL.1743

06/04/2026PASSED SENATE

06/04/2026DELIVERED TO ASSEMBLY

06/04/2026referred to real property taxation

Go to topS09287 Committee&nbspVotes:

Go to topS09287 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS09287 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 9287--A

 IN SENATE

 February 25, 2026
 ___________

 Introduced by Sen. HINCHEY -- read twice and ordered printed, and when
 printed to be committed to the Committee on Housing, Construction and
 Community Development -- reported favorably from said committee and
 committed to the Committee on Finance -- committee discharged, bill
 amended, ordered reprinted as amended and recommitted to said commit-
 tee

 AN ACT to amend the real property tax law, in relation to establishing a
 real property tax exemption for certain full-time residents of certain
 counties

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The real property tax law is amended by adding a new
 2 section 421-r to read as follows:
 3 § 421-r. Exemption for full-time residents of certain counties. 1.
 4 Legislative findings and intent. The legislature hereby finds that
 5 certain counties in this state contain a high proportion of housing
 6 units that are not occupied on a year-round basis and are instead used
 7 for seasonal, recreational, or occasional purposes. In such areas, local
 8 governments and school districts continue to maintain public services,
 9 infrastructure, and civic institutions year-round, even as the number of
 10 full-time residents contributing to and supporting those systems is
 11 limited by the high proportion of part-time occupancy.
 12 The legislature further finds that existing real property tax struc-
 13 tures do not distinguish between residential properties occupied on a
 14 full-time, year-round basis and properties that are not so occupied, and
 15 that limited data exists regarding the effects of targeted property tax
 16 relief for year-round resident-occupied housing.
 17 The purpose of this section is to authorize a pilot real property tax
 18 exemption for certain year-round resident-occupied residential property,
 19 in localities that choose to participate, within eligible counties. The
 20 pilot is intended to allow the state and participating local governments
 21 to evaluate the fiscal, administrative, and housing-related impacts of
 22 such an exemption.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD14651-06-6

 S. 9287--A 2

 1 2. Definitions. For the purposes of this section, the following terms
 2 shall have the following meanings:
 3 (a) "Qualifying residential property" means a parcel of real property
 4 improved by a dwelling used exclusively for residential purposes and
 5 containing not more than three dwelling units. Real property that is
 6 partly used for non-residential purposes, or that contains four or more
 7 dwelling units, shall not be a qualifying residential property for
 8 purposes of this section.
 9 (b) "Eligible year-round residential property" or "eligible property"
 10 means any qualifying residential property that is either:
 11 (i) owned by one or more individuals, at least one of whom occupies
 12 the property as their primary residence and is enrolled in o