New York S 4652: Adjusts the school tax relief (STAR) exemption for homes located outside New York city (Part A); relates to a real property tax freeze (Part B); and relates to supplemental state assistance (Part C)

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S04652 Summary:

BILL NOS04652 

&nbsp

SAME ASSAME AS A00959

&nbsp

SPONSORASHBY

&nbsp

COSPNSRTEDISCO, CANZONERI-FITZPATRICK, RHOADS, WEBER

&nbsp

MLTSPNSR

&nbsp

Amd §425, RPT L; amd §606, Tax L; add §2023-c, Ed L; add §3-d, Gen Muni L; add §54-n, St Fin L

&nbsp

Adjusts the school tax relief (STAR) exemption for homes located outside a city with a population greater than one million for the 2025--2026 school years and thereafter (Part A); relates to a real property tax freeze to reimburse qualifying homeowners for increases in local property taxes on their primary residences (Part B); provides for supplemental state assistance to be paid to cities, counties, towns and villages that are compliant with the property tax levy limits (Part C).

Go to top S04652 Actions:

BILL NOS04652 

&nbsp

02/10/2025REFERRED TO AGING

01/07/2026REFERRED TO AGING

Go to topS04652 Committee&nbspVotes:

Go to topS04652 Floor&nbspVotes:

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

Go to topS04652 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4652

 2025-2026 Regular Sessions

 IN SENATE

 February 10, 2025
 ___________

 Introduced by Sens. ASHBY, TEDISCO, CANZONERI-FITZPATRICK, RHOADS, WEBER
 -- read twice and ordered printed, and when printed to be committed to
 the Committee on Aging

 AN ACT to amend the real property tax law, in relation to adjusting the
 school tax relief (STAR) exemption for homes located outside a city
 with a population greater than one million (Part A); to amend the tax
 law, the education law and the general municipal law, in relation to a
 real property tax freeze (Part B); and to amend the state finance law,
 in relation to providing supplemental state assistance to local
 governments that are compliant with certain property tax levy limits
 (Part C)

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

 1 Section 1. This act enacts into law components of legislation relating
 2 to certain real property taxes. Each component is wholly contained with-
 3 in a Part identified as Parts A through C. The effective date for each
 4 particular provision contained within such Part is set forth in the last
 5 section of such Part. Any provision in any section contained within a
 6 Part, including the effective date of the Part, which makes reference to
 7 a section "of this act", when used in connection with that particular
 8 component, shall be deemed to mean and refer to the corresponding
 9 section of the Part in which it is found. Section three of this act sets
 10 forth the general effective date of this act.

 11 PART A

 12 Section 1. Subparagraph (vi) of paragraph (b) of subdivision 2 of
 13 section 425 of the real property tax law, as added by section 1 of part
 14 D-1 of chapter 57 of the laws of 2007, and clause (A) as further amended
 15 by subdivision (b) of section 1 of part W of chapter 56 of the laws of

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD02867-01-5

 S. 4652 2

 1 2010, is amended and a new subparagraph (vii) is added to read as
 2 follows:
 3 (vi) For the two thousand nine--two thousand ten school year [and
 4 thereafter] through the two thousand twenty-five--two thousand twenty-
 5 six school year, for homes located outside a city with a population
 6 greater than one million:
 7 (A) The base figure for the enhanced STAR exemption shall equal the
 8 prior year's base figure multiplied by the percentage increase in the
 9 consumer price index for urban wage earners and clerical workers (CPI-W)
 10 published by the United States department of labor, bureau of labor
 11 statistics, for the third quarter of the calendar year preceding the
 12 applicable school year, as compared to the third quarter of the prior
 13 calendar year. If a base figure as so determined is not exactly equal to
 14 a multiple of one hundred dollars, it shall be rounded to the nearest
 15 multiple of one hundred dollars. It shall be the responsibility of the
 16 commissioner to annually determine such base figures.
 17 (B) The base figure for the basic STAR exemption shall be thirty thou-
 18 sand dollars.
 19 (vii) For the two thousand twenty-five