S414 (2025-26 session)

NY State bill

Provides that the cap on assessment increases for class one dwellings shall not apply to dwellings assessed at over three million dollars where the owners have a gross household income not exceeding $250,000.

Title
Relates to assessments on class one dwellings
Type
New York State Senate bill
Session
2025-26 session
Status
In Senate Committee
Latest action date
2026-01-07
In committee
Local Government
Introduced
2024-12-31
Law section
Real Property Tax Law

Sponsors

Sources