S 7192: Establishes a property tax exemption for police officers who serve in the state of New York; establishes the rate of such tax exemption.

  
  STATE OF NEW YORK ________________________________________________________________________ 7192 2025-2026 Regular Sessions  IN SENATE April 3, 2025 ___________ Introduced by Sen. SCARCELLA-SPANTON -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the real property tax law, in relation to a real proper- ty tax exemption for property owned by persons employed as a police officer in the state of New York The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The real property tax law is amended by adding a new 2 section 466-o to read as follows: 3 § 466-o. Police service. 1. For the purposes of this section, the 4 following terms shall have the following meanings: 5 (a) "Latest class ratio" means the latest final class ratio estab- 6 lished by the state board pursuant to title one of article twelve of 7 this chapter for use in a special assessing unit as defined in section 8 eighteen hundred one of this chapter. 9 (b) "Latest state equalization rate" means the latest final equaliza- 10 tion rate established by the state board pursuant to article twelve of 11 this chapter. 12 (c) "Qualified owner" means a police officer whose primary residence 13 is within the boundaries of New York state. 14 (d) "Qualified residential real property" means property owned by a 15 qualified owner which is used exclusively for residential purposes; 16 provided, however, that in the event that any portion of such property 17 is not used exclusively for residential purposes, but is used for other 18 purposes, such portion shall be subject to taxation and only the remain- 19 ing portion used exclusively for residential purposes shall be subject 20 to the exemption provided by this section. 21 2. Each governing body of a county, city, town or village may after a 22 public hearing adopt a local law or regulation to provide that qualify- 23 ing residential real property of a qualified owner shall be exempt from 24 taxation to the extent of fifteen percent of the assessed value of such EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11355-01-5 
 S. 7192 2 1 property, provided however, that such exemption shall not exceed twelve 2 thousand dollars or the product of twelve thousand dollars multiplied by 3 the latest state equalization rate of the assessing unit, or, in the 4 case of a special assessing unit, the latest class ratio, whichever is 5 less. 6 3. The exemptions from taxation provided by this section shall be 7 applicable to any county, city, town or village, but shall not be appli- 8 cable to taxes levied for school purposes. 9 4. Application for exemption shall be made by the owner, or all of the 10 owners, of the property on a form prescribed by the state board. The 11 owner or owners shall file the completed form in the assessor's office 12 on or before the first appropriate taxable status date. The owner or 13 owners of the property shall be required to refile each year. Applicants 14 shall refile on or before the appropriate taxable status date. Any 15 applicant convicted of willfully making any false statement in the 16 application for such exemption shall be subject to the penalties 17 prescribed in the penal law. 18 5. A local law adopted pursuant to this section may be repealed by the 19 governing body of the applicable county, city, town, or village. Such 20 repeal shall occur at least ninety days prior to the taxable status date 21 of such county, city, town, or village. 22 § 2. This act shall take effect on the second day of January next 23 succeeding the date on which it shall have become a law and shall apply 24 to real property having a taxable status date on or after such effective 25 date.