state_legiscan_drain · NY
Authorizes exemptions from school district real property taxes for volunteer firefighters residing in such school district.
February 13, 2025
Summary
If enacted, this bill would authorize school districts in New York to grant a real property tax exemption to volunteer firefighters residing in the district. The exemption applies to school district taxes only, not municipal or county taxes. Lenders and servicers may need to adjust escrow calculations and consider the tax savings in underwriting for affected borrowers.
Source: https://www.nysenate.gov/legislation/bills/2025/S4828
Common questions
- What does "Authorizes exemptions from school district real property taxes for volunteer firefighters residing in such school district." cover?
- If enacted, this bill would authorize school districts in New York to grant a real property tax exemption to volunteer firefighters residing in the…
- When was it published?
- It was published on February 13, 2025.
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