Do state's property tax changes affect you?

Do the state's newly-amended property tax exemptions for senior citizens and/or persons with disabilities and limited incomes apply to you or a relative?

Anyone wishing to check on the specifics of the amended law for themself or a family member can go online to the state Department of Taxation and Finance website for details.

New York State's amended Real Property Tax Law for Section 467 and Section 459-c during 2023 increased the maximum income limit from $37,400 to $58,400 and simplified the “definition of income.” This is the first income increase and change since 2010.

The local law is scheduled to be introduced the week of January 29 and acted upon by the end of February.

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