Governor Hochul Authorizes Up to 65% Property Tax Exemption for New York Senior Homeowners
Governor Kathy Hochul has signed legislation S5175A/A3698A authorizing New York localities to provide enhanced real property tax exemptions of up to 65 percent for eligible senior homeowners, up from the previous 50 percent cap that had not been raised in decades. The new law allows municipalities to grant these exemptions to seniors who meet locally…
