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A 2436

Authorizes a town with a population between 69,000 and 69,500 to enact a homestead exemption

2025 Regular Session Introduced by Tommy John Schiavoni

Authorizes a town with 69,000-69,500 residents to enact a homestead exemption for owner-occupied homes, potentially reducing local property taxes in eligible towns.

SUBSTITUTED BY S803
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WeVote Research Nonpartisan
Bill Summary · A 2436

Bill Summary: A-2436 (now substituted by S-803)

Overview

  • Bill Number: A 2436 (Assembly)
  • Title (summary): Authorizes a town with a population between 69,000 and 69,500 to enact a homestead exemption
  • Status: Substituted by S803 (companion bill in the Senate)
  • Introduced: January 16, 2025
  • Gen. Classification: Bill
  • Related/Companion: S 803 (companion; listed as related)

What the bill would do

  • The bill authorizes a local town that falls within a narrowly defined population range (between 69,000 and 69,500 residents) to enact a homestead exemption. In practical terms, this means such a town would have the option to create and implement a property tax reduction program specifically for owner-occupied principal residences (the “homestead” exemption) as permitted by state law.
  • The text provided does not specify the exemption amount, eligibility criteria, duration, or administrative details. Those elements would be determined by the town if and when it adopts such a exemption under the authorization granted by the bill (and by subsequent rules or statutes).

Key provisions and changes (as indicated by the bill’s status)

  • Authorization: Grants a targeted town the authority to enact a homestead exemption.
  • Limitations: The population band is narrowly defined (69,000–69,500), making the authorization applicable to very specific municipalities.
  • Implementation details: Not included in the summary provided. Typically, such provisions would require local adoption of program terms (e.g., exemption percentage or amount, eligibility rules, applicability to owner-occupied property, and timing).
  • Relationship to broader law: The bill would operate within New York State property taxation framework; actual design parameters would likely be aligned with existing statutes governing homestead exemptions and municipal property tax powers.

Affected parties and potential impacts

  • Affected municipalities: Towns whose population falls within the specified range (69,000–69,500) would be eligible to enact the exemption; others would not be authorized by this bill.
  • Taxpayers: Homeowners in an eligible town could benefit from reduced property tax bills if the town adopts a homestead exemption. The impact depends on the exemption amount and design chosen by the town.
  • Local government revenue: Potentially reduced property tax revenue for the town and affected school districts or other local taxing districts, depending on the exemption’s scope and offset mechanisms.

Procedural and timeline aspects

  • January 16, 2025: Introduced and referred to Real Property Taxation.
  • January 22, 2025: Referred to Ways and Means.
  • February 4, 2025: Reported; Rules Report CAL.93; Ordered to Third Reading (Rules CAL.93).
  • February 4–5, 2025: Progression through committee/Rules processes; subsequently substituted by S803.
  • February 5, 2025: Substituted by S803 (indicating the Senate bill has replaced the Assembly text for consideration).

Additional notes

  • A companion Senate bill exists (S 803); the Assembly version A-2436 has been substituted by S-803, which means future action will track the Senate language.
  • No dollar amounts, eligibility thresholds, or sunset provisions are specified in the summary provided. The actual policy design would be determined in the enacted text or subsequent amendments.

Next steps for readers

  • Monitor S803 for the substantive language and any enacted provisions detailing exemption amounts, eligibility, implementation timelines, and funding implications.
  • Review local town population data to identify if any municipality qualifies under the population range if the bill advances.

Compiled from official sources — confirm details with the bill’s official record.

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