Establishes a real property tax exemption for persons eighty years of age or over; provides that such exemption shall be phased in over a ten year period whereby ten percent of the assessed valuation is exempt per year for ten years, at which time one hundred percent of such property shall be exempt.

AB 1201 Establishes a real property tax exemption for persons eighty years of age or over; provides that such exemption shall be phased in over a ten year period whereby ten percent of the assessed valuation is exempt per year for ten years, at which time one hundred percent of such property shall be exempt

New York 2017-2018 General Assembly

Bill Texts

Introduced 01/11/2017

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