Int 1010-2026

Introduction

New York City provides a real property tax exemption to eligible low-income senior citizen homeowners through the Senior Citizen Homeowners' Exemption (SCHE) and to eligible low-income homeowners with disabilities through the Disabled Homeowners' Exemption (DHE). The exemptions reduce the taxable assessed value of qualifying property based on a sliding-scale exemption schedule determined by household income. This bill would increase the maximum income eligibility level for SCHE and DHE from $50,000 to $75,000, beginning July 1, 2027. This bill would also update the income thresholds for the existing sliding-scale exemption schedules applicable to SCHE and DHE to reflect the increased maximum income eligibility level.

Title
Increasing the maximum income level qualifying for the senior citizen homeowner’s exemption and the disabled homeowner’s exemption.
Type
Introduction
Status
Committee
Committee
Committee on Finance
Introduced
2026-08-13

Heard in committee

Sponsors

Money behind the sponsors

Money spent in the sponsors' 2025 election races, not on this bill. Outside spending is independent of the campaigns; PAC gifts went directly to a sponsor's campaign. NYC Campaign Finance Board.

Shared backers of the sponsors

Lobbying clients, PACs, or outside spenders tied to more than one of this bill's sponsors — through lobbying that named them, PAC gifts to their campaigns, or outside spending in their races. About the sponsors' money and lobbying, not a claim about this bill.

Sources