state_legiscan_drain · NY
Establishes a real property tax exemption of up to fifty percent of the assessed valuation of such real property for surviving spouses of state and county correction officers who died in the line of duty and such property constitutes the primary resident of such surviving spouse.
March 2, 2026
Summary
If enacted, this bill would provide a real property tax exemption of up to 50% of assessed valuation for surviving spouses of state and county correction officers who died in the line of duty, provided the property is their primary residence. This exemption reduces property tax liability for eligible surviving spouses, potentially lowering monthly escrow payments for mortgage servicers in New York. The bill does not directly regulate lending or servicing activities but affects property tax administration.
AI-generated summary · Jun 8, 2026. Verify with your compliance counsel before acting.
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Source: https://www.nysenate.gov/legislation/bills/2025/S9325
Common questions
- What does "Establishes a real property tax exemption of up to fifty percent of the assessed valuation of such real property for surviving spouses of state and county correction officers who died in the line of duty and such property constitutes the primary resident of such surviving spouse." cover?
- If enacted, this bill would provide a real property tax exemption of up to 50% of assessed valuation for surviving spouses of state and county correction…
- When was it published?
- It was published on March 2, 2026.