New York A 11243: Establishes a real property tax exemption for certain property owners who reside full-time on such property in certain counties

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A11243 Summary:

BILL NOA11243A

&nbsp

SAME ASSAME AS S09287-A

&nbsp

SPONSORJacobson

&nbsp

COSPNSRShrestha

&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 A11243 Actions:

BILL NOA11243A

&nbsp

05/01/2026referred to real property taxation

05/28/2026amend and recommit to real property taxation

05/28/2026print number 11243a

Go to topA11243 Committee&nbspVotes:

Go to topA11243 Floor&nbspVotes:

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

Go to topA11243 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 11243--A

 IN ASSEMBLY

 May 1, 2026
 ___________

 Introduced by M. of A. JACOBSON, SHRESTHA -- read once and referred to
 the Committee on Real Property Taxation -- 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.
 23 2. Definitions. For the purposes of this section, the following terms
 24 shall have the following meanings:

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD14651-07-6

 A. 11243--A 2

 1 (a) "Qualifying residential property" means a parcel of real property
 2 improved by a dwelling used exclusively for residential purposes and
 3 containing not more than three dwelling units. Real property that is
 4 partly used for non-residential purposes, or that contains four or more
 5 dwelling units, shall not be a qualifying residential property for
 6 purposes of this section.
 7 (b) "Eligible year-round residential property" or "eligible property"
 8 means any qualifying residential property that is either:
 9 (i) owned by one or more individuals, at least one of whom occupies
 10 the property as their primary residence and is enrolled in or eligible
 11 for the school tax relief (STAR) exemption pursuant to section four
 12 hundred twenty-five of this article or the school tax relief (STAR)
 13 credit pursuant to subsection (eee) of section six hundred six of the
 14 tax law and meets the applicable income eligibility requirement of such
 15 program; or
 16 (ii) owned by one or more individuals and occupied by one or mor