New York Governor Kathy Hochul has signed legislation expanding real property tax exemptions for senior citizens in New York.

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The measure, S5175A/A3698A, allows localities to provide exemptions for seniors who meet income eligibility limits and other criteria. This would raise the maximum exemption level to 65 percent of the assessed value of their properties. The previous maximum exemption local governments could offer was 50 percent, and had not been increased in decades.

“No New York senior should lose their home because they can no longer afford their property taxes,” Governor Hochul said in a release. “By signing this legislation, we are working to make New York more affordable for our seniors on fix

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