New York seniors could get some tax relief in an increasingly expensive economy thanks to new state law put on the books over the weekend.
Gov. Kathy Hochul signed legislation on Dec. 6 that aims to enhance real property tax exemptions for seniors in the Empire State. Named legislation S5175A/A3698A, the law allows localities to provide a real property tax exemption for seniors who meet the income eligibility limits, and other criteria, up to 65% of the assessed valuation of their properties.
