New York S 4019: Exempts improvement to historic property from taxation if certified and agreed by appropriate agency

Bill Text

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S04019 Summary:

BILL NOS04019 

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SAME ASNo Same As

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SPONSORPARKER

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COSPNSR

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MLTSPNSR

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Add §476, RPT L

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Encourages the preservation and viewing of historic properties by allowing an exemption from local real estate tax in cities of a million or more population, for improvements to historic real property and by requiring certain public access to such property; defines the term "historic real property" as a one, two or three family residence which is owner-occupied and designated by the appropriate agency as a historic landmark and such designation is maintained.

Go to top S04019 Actions:

BILL NOS04019 

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01/31/2025REFERRED TO LOCAL GOVERNMENT

01/07/2026REFERRED TO LOCAL GOVERNMENT

Go to topS04019 Committee&nbspVotes:

Go to topS04019 Floor&nbspVotes:

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

Go to topS04019 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4019

 2025-2026 Regular Sessions

 IN SENATE

 January 31, 2025
 ___________

 Introduced by Sen. PARKER -- read twice and ordered printed, and when
 printed to be committed to the Committee on Local Government

 AN ACT to amend the real property tax law, in relation to a tax
 exemption for improvements to historic real property

 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 476 to read as follows:
 3 § 476. Improvements to historic real property; tax exemption. 1. In
 4 cities of a million or more population, improvements to historic real
 5 property shall be exempt from taxation by any municipal corporation in
 6 which they are located to the extent that the increase in assessment is
 7 due to such improvement, provided that the governing body of such munic-
 8 ipal corporation, after a public hearing, adopts a local law or resol-
 9 ution providing therefor, as provided in this section.
 10 2. "Historic real property" shall mean real property which is:
 11 (a) a one-, two- or three-family residence which is owner-occupied;
 12 and
 13 (b) designated by the appropriate local agency as a historic landmark
 14 and such designation is maintained.
 15 3. No exemption shall be granted unless the agency which is responsi-
 16 ble to designate the real property as a historic landmark:
 17 (a) certifies that it is in the public interest to provide that such
 18 property is to be accessible to the public; and
 19 (b) the owner of such property and such agency enters into a permanent
 20 agreement to provide for reasonable public access to such property,
 21 which agreement shall be binding on all subsequent owners and which
 22 agreement shall be recorded in the office of the appropriate county
 23 clerk in like manner as a deed.
 24 4. Such exemption from taxation shall be granted only upon application
 25 by the owner of such historic real property on or before the appropriate

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD07584-01-5

 S. 4019 2

 1 taxable status date. Where the assessor is satisfied that the applicant
 2 is entitled to an exemption pursuant to this section, such assessor
 3 shall approve such application.
 4 § 2. This act shall take effect immediately.

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